Economy
Vehicle sales drop again YoY in June as only used passenger cars sales grow
Road motor vehicles going into circulation for the first time saw growth slow to 2 percent year-on-year, after an increase of 21.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Reopening of 10-year bond issued in Jan sees yield double to 3.67 pct
Greece’s debt managers continue to take cautious steps in the sovereign bond market after having to readjust their borrowing strategy following the uncertainty caused by the Ukraine conflict and the turbulence in the markets, which pushed the 10-year benchmark yield to 4.8 pct at the end of last month.
Fitch leaves rating and outlook unchanged, underlines fiscal performance key to higher grade
Fitch affirmed on Friday Greece’s ‘BB’ credit rating and kept the outlook positive, remaining one notch behind S&P and two notches from investment grade.
Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
The rise in Greece’s trade deficit accelerated in May, jumping by 84.7 percent year-on-year (YoY), following a rise of 49.5 percent in April, according to data released by ELSTAT on Friday.
Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
Greece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year-on-year (YoY), after a temporary pause in April when it dropped by 4.8 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI shoots up by 12.1 pct in Jun as electricity and natural gas stoke biggest rise since early 90s
Greece’s Consumer Price Index (CPI) continued its record-breaking streak in June, rising by 12.1 percent year-on-year (YoY), after increasing by 11.3 percent in May, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Producer prices soar by 43 pct YoY in May, but see first monthly drop since Aug 2021
The pace of Greece’s Producer Price Index (PPI) annual growth slowed down, although only marginally, with one more explosive rise in May, shooting up by 43 percent year-on-year (YoY), having jumped by 48.8 percent in April, ELSTAT data said on Thursday.
Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
The growth in building permits slowed down in March, with total permits rising by 2.8 percent year-on-year (YoY) from a 13.7 percent rise in February, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Wednesday.
Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
The growth in Greece’s retail sales maintained a solid pace of 18.8 percent year-on-year (YoY) in April, from 20.2 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
High energy prices fuel uncertainty on fiscal front
The energy crisis fuelled by the Ukraine conflict will dominate the attention of Finance Ministry officials in the coming months as uncertainty over supplies during the winter has been priced into natural gas prices, which have reached 160 euros/MWh, creating doubts about the cost of the latest energy subsidy scheme.