Macroeconomy
Unemployment falls to 12.8 pct in Dec as jobless number drops to lowest since March 2010
Greece’s seasonally adjusted (SA) unemployment rate dropped further in December to 12.8 percent, from an upwards revised 13.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Jan budget execution impacted by unplanned pandemic spending and snowstorm
The budget primary balance for the first month of 2022 came to a small surplus of 17 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
CPI reaches 6.2 pct in Jan as inflation hits highest since late 1990s
Greece’s Consumer Price Index (CPI) picked up further pace in January, rising by 6.2 percent year-on-year (YoY), following a 5.1 percent increase in December, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
Road motor vehicles going into circulation for the first time dropped by 8.7 percent year-on-year (YoY) in January, following a rise of 21.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
IPI rise of 8.1 pct in Dec marks full year of growth, totalling nearly 10 pct
Greece’s Industrial Production Index (IPI) recorded another notable rise of 8.1 percent year-on-year (YoY) in December, from an upwards revised 8.4 percent annual increase in November, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Despite strong exports, trade deficit ends 2021 33.8 pct higher
Greece’s trade deficit maintained its upward momentum in December, rising by 79 percent year-on-year, from a jump of 93.1 percent in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Inflation to persist, creating more economic policy challenges
It has become increasingly evident that the inflation clouds which started gathering above the Greek economy since June last year are not going anywhere soon as the authorities had hoped when they started announcing a series of support initiatives for households and businesses several months ago.
PMI softens to six-month low, but employment in manufacturing grows at record pace
Greece’s Manufacturing PMI for January dropped to a six-month low of 57.9 points, from 59 in December, however, still signaling growth in the sector, according to Markit data released on Tuesday.
Reflecting annual base effect, retail sales rise 19 pct in Nov but fall on previous month
Greece’s retail sales experienced a significant annual recovery in November, rising by 19 percent year-on-year (YoY) from a downward revised 10.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Credit expands by 1.3 pct in Dec as loan balances drop by more than 31 bln in 2021
Credit movement in the Greek private sector increased by 1.3 percent year-on-year in December, from a rise of 1.1 percent in November, and 0.9 percent in October, Bank of Greece (BoG) figures released on Friday showed.