Macroeconomy
Employment balance turns negative by 70,048 in Oct as tourism season ends
Greece’s employment balance in October turned negative with 70,048 more departures than hirings, from a positive balance by 19,727 in September, according to data from the Labour Ministry’s Ergani information system.
Economic sentiment back up to pre-pandemic levels, reaching 113.4 pts in Nov
Greece’s economic sentiment (ESI) continued improving in November, rising by 1 point month-on-month (MoM) to 113.4 points, following a 3.7-point rise in October, according to European Commission figures released on Monday.
Credit growth stable at 0.9 pct in Oct, led by lending to corporates
Credit movement in the Greek private sector increased by 0.9 percent year-on-year (YoY) in October, from a revised 0.8 percent in September and 0.8 percent in August, Bank of Greece (BoG) figures released on Friday showed.
Deposits growth slows to just 11 mln in Oct
The net private sector deposit movement in the Greek banking system remained broadly stable in October, rising by just 11 million, from 441 million euros in September and an increase of 1.48 billion euros seen in August.
Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
The budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
Apartment prices rise 7.9 pct in Q3, continuing upward trend
The rise in the nominal value of apartments in Greece accelerated to 7.9 percent year-on-year (YoY) in the third quarter, from an upwards revised 6.2 pct in the second quarter, Bank of Greece (BoG) data released on Tuesday showed.
Growth in vehicle sales accelerates to 10.4 pct in Oct
Road motor vehicles going into circulation for the first time rose by 10.4 percent year-on-year (YoY) in October, following an increase of 6.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Travel receipts of 2.18 bln in Sep as arrivals pick up and spending per trip increases
Greece’s travel balance recorded a surplus of 2.06 billion euros in September, from 815.6 million euros a year ago, according to Bank of Greece (BoG) data released on Monday.
Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
Amidst growing concerns about the impact of the latest pandemic wave and ongoing pressures on the inflation front, led by energy prices, the Finance Ministry tabled a revised final budget for 2022 in which most macro variables and assumptions are improved compared to the draft tabled at the start of October.
Industrial turnover continues recovery with 39.6 pct rise in Sep, led by sales abroad
Greece’s industrial turnover continued its remarkable recovery, jumping by 39.6 percent year-on-year (YoY) in September, from a 31.6 percent rise in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.