Macroeconomy
PBO sees medium-term risks mounting, despite positive near-term outlook
The Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter of the year, and notes the relative positive picture in the near-term, despite the uncertain times due to the energy crisis. However, it notes a series of challenges and risks in the medium-term.
Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
Greece’s travel balance recorded a surplus of 3.52 billion euros in July, from 2.42 billion euros in June, according to Bank of Greece (BoG) data released on Wednesday.
Despite boost from travel, current account deficit hits 9.74 bln in Jul, up 43 pct YoY
Greece posted a current account (C/A) surplus of 1.1 billion euros in July, from a deficit of 722.9 million euros in June, Bank of Greece (BoG) data showed on Tuesday.
Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop
Greece’s industrial turnover remained on a solid growth path in July, jumping by 38.9 percent year-on-year (YoY), from a slightly revised 43 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
The budget primary balance up to August 2022 came to a small surplus of 10 million euros, compared to a deficit of 6.38 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Friday.
Property prices rise by 9.4 pct in Q2, close to all-time high
The rise in the nominal value of apartments in Greece remained strong in Q2 of this year, rising by 9.4 percent year-on-year (YoY), from an upwards revised 9.3 percent in Q1 2021, Bank of Greece (BoG) data released on Thursday showed.
Q2 unemployment drops to 12.4 pct, reflecting seasonality in job market
Greece’s non-seasonally adjusted quarterly unemployment rate resumed a downward path in Q2 this year, falling to 12.4 percent, from 13.8 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Despite solid annual growth of 28.1 pct, import prices record first back-to-back monthly drop since 2020
Greece’s import price index grew at a solid pace in July, recording a rise of 28.1 percent year-on-year (YoY), according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Jobless rate grows marginally to 12.6 pct as youth unemployment drops by over 7 points
Greece’s seasonally adjusted (SA) unemployment rate pushed up marginally in July to 12.6 percent, from an upwards revised 12.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Passenger cars lead the way as vehicle sales rise by 17.9 pct in Aug
The rise in road motor vehicles going into circulation for the first time picked up pace in August, rising by 19.1 percent year-on-year (YoY), from the 2.3 percent growth in July, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.