Economy
Unemployment remains at 12.8 pct in Feb, lowest since summer 2010
Greece’s seasonally adjusted (SA) unemployment rate was broadly stable at 12.8 percent in February, from a slightly revised 12.9 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Employment balance stays positive in Mar, Q1 underperforms YoY
Greece’s employment balance stayed positive in March with 34,373 more hirings than firings, according to data from the Labour Ministry’s Ergani information system.
Growth in car sales slows to 7.6 pct in March
Road motor vehicles going into circulation for the first time increased by 7.6 percent year-on-year (YoY) in March, slowing down from the notable 38.3 percent rise in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
Industrial production returns to annual growth in Feb, rising by 4.6 pct, after blip
Greece’s Industrial Production Index (IPI) recovered in February, rising by 4.8 percent year-on-year (YoY), after having recorded the first contraction after months in January, dropping by 0.2 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI shoots up by 8.9 pct YoY and 2.7 pct on previous month
Greece’s Consumer Price Index (CPI) picked up more pace in March, rising by 8.9 percent year-on-year (YoY), from a 7.2 percent increase in February, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
In the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher.
Oil drives up trade deficit by 171.8 pct in Feb for highest rise since 2010
Greece’s trade deficit continued growing in February, nearly tripling year-on-year, up by 171.8 percent, from a jump of 98.7 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
IMF urges caution on public finances
The IMF concluded last week its latest Article IV consultation for Greece with the mission drawing attention to the fiscal policy commitments Greek authorities face from this year, while noting progress in some areas.
Manufacturing growth slows in March as slower demand, costs and energy weigh on sector
Greece’s Manufacturing PMI in March dropped to 54.6 points, from 57.8 points in February, according to S&P Global data released on Friday.