Economy
Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln
The budget primary balance for the first four months of 2022 came to a deficit of 811 million euros, compared to a deficit of 6.2 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Import price index rise of 34.6 pct in Mar highest since inflation rise began
Greece’s import price index accelerated further in March, posting another solid rise of 34.6 percent year-on-year (YoY), from 27.2 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Growth in car sales eases to 1.9 pct in Apr as new purchases drop
Road motor vehicles going into circulation for the first time increased by 1.9 percent year-on-year (YoY) in April, slowing down from the growth of 7.6 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
Piraeus Bank posted a net profit of 520 million euros in the first quarter (Q1) of 2022, from losses of 404 million euros last year, due to 829 million euros in clean-up impairments.
Industrial production rises by 7.9 pct in Mar, driven by electricity supply
Greece’s Industrial Production Index (IPI) continued its recovery in March, rising by 7.9 percent year-on-year (YoY), from 4.8 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Across-the-board price hikes bring CPI rise of 10.2 pct in April
Greece’s Consumer Price Index (CPI) continued its record-breaking rise in April, increasing by 10.2 percent year-on-year (YoY), after rising by 8.9 percent in March, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Growth of trade deficit slows in Mar, Q1 rise reaches 79 pct
The rise in Greece’s trade deficit slowed in March, when it increased by 13.4 percent year-on-year (YoY), after surging by more than 170 pct in February, according to data released by ELSTAT on Friday.
Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
The Greek authorities submitted to Brussels last week the Stability Programme for the 2022-2025 period, in which the impact of the cost-of-living crisis and the fallout from the conflict in Ukraine are reflected.
Marginal growth for PMI in April as headwinds intensify
Greece’s Manufacturing PMI rose marginally to 54.8 points in April, from 54.6 points in March, according to S&P Global data released on Tuesday.
Economic sentiment drops sharply in Apr, consumer confidence hits lowest since 2017
Greece’s economic sentiment (ESI) dropped sharply by 7.1 points to 105 points in April, following a 1.9-point decline in March, according to European Commission figures released on Monday.