Economy
Budget primary deficit at 1.13 bln in Nov as taxes continue to outperform
The budget primary balance up to November 2022 came to a deficit of 1.13 billion euros, compared to a deficit of 7.89 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.
Growth in import prices slows to 21.3 pct in Oct
Greece’s import price index further slowed down its pace in October, rising by 21.3 percent year-on-year (YoY), from 25.2 percent, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
After three quarters of contraction, wages rise by 7.3 pct in Q3
Greece’s seasonally adjusted (SA) Wages Index moved back to positive territory in the third quarter (Q3), rising by 7.3 percent year-on-year (YoY) after dropping by 0.9 pct in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Car sales fall by 0.7 pct in Nov for first drop since July
The rise in road motor vehicles going into circulation for the first time moved to negative territory in November, dropping by 0.7 percent year-on-year (YoY), after rising by 2.4 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Industrial production records first back-to-back drop since 2020 in Oct
Greece’s Industrial Production Index (IPI) dropped further into negative territory in October, falling by 2.5 percent year-on-year (YoY), after a decline of 1.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI growth slows to 8.5 pct as electricity prices record rare 5.3 pct YoY fall
Greece’s Consumer Price Index (CPI) increased by 8.5 percent year-on-year (YoY) in November, slowing further from the 9.1 percent in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit worst since 2008 as 10M figure sees 63.2 pct rise
Greece’s trade deficit jumped by 70.5 percent year-on-year (YoY) in October after a 70.4 percent rise in September, according to data released by ELSTAT on Thursday.
GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
Greece’s seasonally adjusted (SA) GDP dropped by 0.5 percent quarter-on-quarter (QoQ) in the third quarter (Q3), from a downwards revised 0.6 percent in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Another crisis chapter closes, triggering final round of debt relief measures
The Eurogroup noted on Monday Greece’s progress in the post-enhanced surveillance era and released another set of debt relief measures. This marked the end of a years-long period during which Greece was often a specific agenda item in Eurogroup meetings.
Average loan rate rises to 4.86 pct in Oct
The Bank of Greece released on Friday the latest rates information for deposits and loans for October, which showed that the average rates for new loans are 4.86 percent, from 4.6 percent in the previous months.