Macroeconomy
Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
Greece’s Industrial Production Index (IPI) recorded back-to-back gains in June, rising by 8.4 percent year-on-year (YoY), after increasing by 3.6 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Unemployment rate drops to 12.1 pct in June, lowest since before first MoU
Greece’s seasonally adjusted (SA) unemployment rate de-escalated further in June, falling to 12.1 percent from 12.5 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Inflation slows to 11.6 pct in July as housing and transport costs rise sharply
Greece’s Consumer Price Index (CPI) remained at record high levels in July, rising by 11.6 percent year-on-year, though it did slow down from the 12.1 percent seen in June, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
The rise in Greece’s trade deficit slowed down in June, but still increased by a sizable 42.7 percent year-on-year, according to data released by ELSTAT on Friday. This came after an 84.7 percent jump in May.
Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July
Greece’s Manufacturing PMI dropped by 2 points to 49.1 in July, according to S&P Global data released on Monday.
Producer prices climb by 39.9 pct in June, but record first back-to-back monthly drops since 2020
The pace of Greece’s Producer Price Index (PPI) annual growth slowed down further, still with another explosive rise in June of 39.9 percent year-on-year, after shooting up by 43 percent in May, ELSTAT data said on Friday.
Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
The growth in Greece’s retail sales experienced a significant slowdown in May, rising by 5.1 percent year-on-year (YoY) from a solid 18.8 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Building permits turn negative for first time in more than a year, falling by 10 pct in April
The growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday.
Unemployment rate hovers at 12.5 pct in May, improves by 3 pps on last year
Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged in May, dropping to 12.5 percent, from an upwards revised 12.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Economic sentiment slides by 3 pts in July to lowest in over a year, construction mood sours
Greece’s economic sentiment (ESI) declined further by 3 points to 101.1 in July, after dropping by 3.7 points in June, according to European Commission figures released on Thursday.