Economy
Piraeus NII at 1.58 bln in 9M, commission income at 480 mln
Piraeus Bank posted a net profit after tax of 932 million euros in 9M 2024, from 721 million euros up to September last year.
PMI shows slight improvement in Oct, sector outlook improves
Greece’s Manufacturing PMI recorded a moderate recovery in October, rising to 51.2 points, from 50.3 points in September, according to S&P Global data released on Friday.
Drop in retail sales accelerates to 1.8 pct YoY in Aug, fall in volumes sharper
Greece’s retail sales saw an accelerated drop of 1.8 percent year-on-year (YoY) in August, after a marginal decline of 0.2 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment drops further in Sep, dipping to 9.3 pct
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in September, dropping further to 9.3 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Energy drives producer prices down by 4.5 pct YoY in Sep, as all other categories rise
Greece’s Producer Price Index (PPI) remained in contraction in September, dropping by 4.5 percent year-on-year (YoY), after a decline of 2.4 percent in August, ELSTAT data showed on Wednesday.
Economic sentiment drops in Oct, spurred by retail and construction
Greece’s economic sentiment (ESI) deteriorated in October, falling to 107 points, from 110.2 in the previous month, according to European Commission figures released on Wednesday.
IMF forecasts add to concerns about sluggish growth ahead
Greece’s economic outlook received another dose of reality this week as the IMF published the latest economic outlook in its World Economic Outlook (WEO) in the context of the annual joint meetings with the World Bank.
Corporate loans lead 6.6 pct YoY growth in lending
The credit expansion in the Greek private sector decelerated its pace in September, rising by 6.6 percent year-on-year (YoY), from 6.9 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Boosted by corporations, Sep deposits reach highest since Apr 2011
The net private sector deposits in the Greek banking system remained in growth in September with a rise of 2.32 billion euros, after a 1.4-billion-euro rise in August, according to the latest Bank of Greece (BoG) figures released on Friday.
VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
The budget primary balance was confirmed at a surplus of 8.74 billion euros in September, compared to a surplus of 5.3 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.