Economy
HFSF sets out bank divestment strategy, marking final chapter in turbulent story
The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
Car sales end 2022 with modest full-year growth of 3.3 pct, from 22.1 pct in 2021
Road motor vehicles going into circulation for the first time in December rose by 1.3 percent year-on-year (YoY), after going into negative territory in November, when they dropped by 0.7 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Rise in import prices slow further to 15.7 pct YoY in Nov
The pace of the increase in Greece’s import price index slowed again in November, when it rose by 15.7 percent year-on-year (YoY), from 21.3 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
CPI moderates further to 7.2 pct in Dec, food prices soar by 15.5 pct
Greece’s Consumer Price Index (CPI) increased by 7.2 percent year-on-year (YoY) in the last month of 2022, slowing down further from the 8.5 percent in November, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
OECD sees recovery slowing, urges fiscal discipline
OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
Industrial production drops by 0.9 pct YoY in Nov for third straight decline
Greece’s Industrial Production Index (IPI) stayed in negative territory in November, falling by 0.9 percent year-on-year (YoY), after a decline of 2.7 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Unemployment unchanged at 11.4 pct in Nov
Greece’s seasonally adjusted (SA) unemployment rate remained broadly stable in November, dropping to 11.4 percent, from a slightly downward revised 11.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Nov trade deficit at 3.75 bln, as 11-month deficit rises by 58.6 pct to 35.15 bln
Greece’s trade deficit climbed by 27.7 percent year-on-year (YoY) in November, from a jump of 70.5 percent in October, according to data released by ELSTAT on Monday.
Back-to-back gains for economic sentiment, ending 2022 with 104.3 pts
Greece’s economic sentiment (ESI) showed further signs of recovery in December, rising by nearly 3 points to 104.3, staying above 100-points, after a 6.6-point drop in October, according to European Commission figures released on Friday.
Manufacturing reaches half a year of contraction as PMI drops further in Dec
Greece’s Manufacturing PMI dropped further in December to 47.2 points, from 48.4 points in November, according to S&P Global data released on Monday.