Economy
Industrial turnover continues recovery with 39.6 pct rise in Sep, led by sales abroad
Greece’s industrial turnover continued its remarkable recovery, jumping by 39.6 percent year-on-year (YoY) in September, from a 31.6 percent rise in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Current account balance improves YoY in Sep thanks to a jump in services, led by travel
Greece posted a current account (C/A) deficit of 176.7 million euros, from a surplus of 1.41 billion euros in August, Bank of Greece (BoG) data showed on Friday.
Central gov net cash position shows deficit reined in from last year to 6.97 bln
Greece’s central government recorded a primary cash deficit of 6.97 billion euros up to October, from a deficit of 9.04 billion euros last year, according to figures released by the Bank of Greece on Wednesday.
Sharp rise in employed as unemployment falls to 13 pct in Sep, lowest since Aug 2010
Greece’s seasonally adjusted (SA) unemployment rate dropped to 13 percent in September, from 13.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT
The budget primary balance up to October landed at a deficit of 7.2 billion euros, compared with a deficit of 9.07 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Impact of inflation already widespread, but data suggests worse to come
Although the Greek authorities did not underestimate the wave of price hikes that started swelling in the summer, it is becoming evident in official data releases that inflation will be far-reaching and most likely will last for longer than the government had hoped or planned for.
Building activity recovery continues in Aug, up by 29 pct in 2021
The number of building permits issued in Greece picked up again in August, rising by 12.7 percent year-on-year (YoY), from an increase of 6.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
The European Commission continued to revise upwards its estimates for Greek growth in 2021, moving up to 7.1 pct in the autumn forecasts released on Thursday, from 4.3 pct growth seen in the summer forecasts in July.
Manufacturing and electricity supply help keep industrial production buoyant in Sep
Greece’s Industrial Production Index (IPI) rose by 9.7 percent year-on-year (YoY) in September, from a downward revised 10 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Oct CPI at highest since May 2011, led by natural gas, oil and electricity
Greece’s Consumer Price Index (CPI) continued its climb in October, rising by 3.4 percent year-on-year (YoY), from 2.2 percent in September, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday.