Macroeconomy
Industrial turnover up by just 0.3 pct YoY in Oct as manufacturing growth, domestic market slow
Greece’s industrial turnover recorded a marginal rise of 0.3 percent year-on-year (YoY) in October, from a strong rebound of 13 percent drop in September, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Budget continues to outperform in Nov as taxes beat target by 334 mln
The budget primary balance produced a surplus of 12.65 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
Government’s growth ambitions meet RRF reality
The government was battered this week by farmers blocking national roads and key infrastructure and from its own parliamentary group, which questioned openly the administration’s approach, the Eurogroup’s unanimous election of Greek Finance Minister Kyriakos Pierrakakis as its president for the next two and half years was a welcome development for Prime Minister Kyriakos Mitsotakis, at least on the public relations front.
Disposable income rises in Q2, saving rate stays negative at -3 pct
Household disposable income increased by a solid 8.1 percent year-on-year (YoY) in Q2 this year, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Wages index growth slows to 7.4 pct YoY in Q3
Greece’s seasonally adjusted (SA) Wages Index grew by 7.4 percent year-on-year (YoY) in Q3, from 9.3 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Import prices contract again in Oct with 2.4 pct drop
Greece’s import price index resumed the contraction in October, with a drop of 2.4 percent year-on-year (YoY), after a 0.4 percent increase in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Subdued passenger car sales lead to overall drop of 1.6 pct in Nov
Vehicles going into circulation for the first time dropped by 1.6 percent year-on-year (YoY) in November, after a rise of 4.1 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Electricity propels 6.4 pct YoY jump in Oct industrial production
Greece’s Industrial Production Index (IPI) recorded another solid growth in October with a rise of 6.4 percent year-on-year (YoY) drop, after a jump of 7.3 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
RRF promise fades as growth outlook weakens
The Finance Ministry submitted to the European Commission recently the latest multiyear fiscal framework for the 2026–2029 period, including updated fiscal and macroeconomic expectations.
CPI accelerates to 2.4 pct YoY in Nov, housing costs up 3.7 pct
Greece’s Consumer Price Index (CPI) accelerated in November with a rise of 2.4 percent year-on-year (YoY), from 2 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).