Economy
Industrial production returns to growth of 2 pct in September
Greece’s Industrial Production Index (IPI) returned in positive territory in September, reversing three contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
Greece’s Consumer Price Index (CPI) more than doubled in October, with a 3.4-pct rise year-on-year (YoY), after an increase of 1.6 pct in September, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
Eurobank posted an adjusted net profit of 916.3 million euros in 9M 2023, compared to a profit of 924.2 million euros last year, a drop of under 1 percent.
Trade deficit to Sep drops by 18.1 pct, exports struggle with 6.4 pct decrease
Greece’s trade deficit recorded a drop of 25.9 percent year-on-year (YoY) in September, after a decline of 7 percent in August, according to data released by ELSTAT on Tuesday.
NBG's NII rises by 73 pct to 1.64 bln in 9M
National Bank of Greece (NBG) reported a core profit after tax of 855 million euros in 9M 2023, compared to a profit of 284 million euros in 2022, a significant rise year-on-year.
Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
Piraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022.
Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
Alpha Bank reported a net profit of 491 million euros in 9M 2023, compared to a profit of 309 million euros in 9M 2022.
Hiring balance up to August improves by 43,573 jobs YoY
Greece’s employment balance stayed negative in August, with 15,826 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
Greece’s seasonally adjusted (SA) unemployment rate dropped to 10 percent in September, after a slightly downwards revision to 10.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
PMI in expansion territory in Oct, but jobs cut and inflation a challenge again
Greece’s Manufacturing PMI remained in expansion territory in October, rising by a fraction to 50.8 points, from 50.3 points in September, according to S&P Global data released on Wednesday.