Economy
Energy fuels producer price fall of 8.9 pct in Nov, but non-durable consumer goods keep rising
Greece’s Producer Price Index (PPI) contracted for the ninth successive month in November, dropping by 8.9 percent year-on-year (YoY), after falling sharply by 13.5 percent in October, ELSTAT data showed on Friday.
Retail sales barely move in Oct, collapse in volumes accelerates
Greece’s retail sales barely stayed on positive ground in October, with a rise of 0.1 percent year-on-year (YoY), after a 3.3-percent rise in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Building activity returns to growth in Sep, up 9 pct in 9M
Building permits returned to growth in September, rising by 6.2 percent year-on-year (YoY), after a drop of 4 percent in August, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution
The budget primary balance in November was confirmed at a surplus of 5.83 billion euros, compared to a deficit of 1.09 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
Travel receipts of 19.61 bln up to Oct set new record as arrivals soar by 17 pct to over 30 mln
Greece’s travel balance recorded a surplus of 1.5 billion euros in October, from 3.03 billion euros in September, according to Bank of Greece (BoG) data released on Friday.
Current account deficit to Oct plunges to 8.7 bln as energy impact eases and imports drop
Greece’s current account recorded a deficit of 1.45 billion euros in October, from a deficit of 404.3 million euros in September, Bank of Greece (BoG) data showed on Thursday.
BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
The Bank of Greece published on Wednesday its interim monetary policy report for 2023, which assesses the economy’s progress over the year, though challenges are clouding the outlook.
Industrial turnover drops by 2.1 pct YoY in Oct due to foreign markets and manufacturing
Greece’s industrial turnover stayed in contraction in October, but at a slower pace in as it dropped by 2.1 percent year-on-year (YoY), from a 5.1 percent decrease in September, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov
The budget primary balance came to a surplus of 5.85 billion euros in November, compared to a deficit of 1.09 billion euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
Benefits of investment grade starting to become visible
Greece started seeing the first signs of the rewards from securing an investment grade from all the leading, and ECB accepted, rating agencies bar Moody’s, though domestic continue to cause concern for the government.