Economy
Business transformation paying off as Eurobank records 932.3 mln profit in 9M
Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year.
Car sales growth slows to 2.4 pct in Oct, taking 10-month rise to 4.5 pct
The rise in road motor vehicles going into circulation for the first time slowed down further in October, rising by 2.4 percent year-on-year (YoY), from 4.7 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Industrial production back in negative territory for Sep as electricity supply drops sharply
Greece’s Industrial Production Index (IPI) dropped into negative territory in September, falling by 1.1 percent year-on-year (YoY), after growing by 4.4 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
CPI slows to 9.1 pct YoY as electricity and natural gas prices drop MoM
Greece’s Consumer Price Index (CPI) grew by 9.1 percent year-on-year (YoY) in October, slowing down from the jump of 12 percent in September, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
Alpha Bank reported a net profit of 335.4 million euros in 9M 2022, compared to a loss of 2.5 billion euros in the same period of 2021.
Sep trade deficit of 3.61 bln largest since 2010, 9M gap up by 62 pct
Greece’s trade deficit jumped in September by 70.4 percent year-on-year (YoY), after a rise of 29.9 percent in August, according to data released by ELSTAT on Monday.
Unemployment dips to 11.8 pct in Sep for lowest rate since 2010
Greece’s seasonally adjusted (SA) unemployment rate remained broadly stable in September, dropping to 11.8 percent, from 12.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturing remains in contraction for Oct as business optimism falls to lowest since May 2020
Greece’s Manufacturing PMI resumed its slide in October, falling by 1.6 points to 48.1, from 49.7 points in September, according to S&P Global data released on Tuesday.
Retail sales up by 14.1 pct in Aug, volume rises by 4.4 pct
The growth in Greece’s retail sales picked up pace in August with a rise of 14.1 percent year-on-year (YoY), following a downwards revised 11.5 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Sept economic sentiment drops to early 2021 levels, consumer confidence down by 6.7 pts
Greece’s economic sentiment (ESI) reversed the latest rises and dropped below 100 points, to 98.3 in October, after a 3.7-point rise in September, according to European Commission figures released on Friday.