Macroeconomy
IMF sees short-term progress and persistent long-term challenges
The IMF published on Tuesday the concluding staff statement of the mission in the context of the Article IV consultations which took place recently.
Annual contraction of import prices slows in Sep, index growing MoM since Jun
Greece’s import price index continued to contract in September but at a considerably slower rate compared to recent lows as it fell by 9.2 percent year-on-year (YoY), after dropping by 14.6 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Vehicles market grows strongly by 38.9 pct, led by new passenger cars
Road motor vehicles going into circulation for the first time picked up further pace in October, growing strongly by 38.9 percent year-on-year (YoY), after a 15.6 percent rise in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Industrial production returns to growth of 2 pct in September
Greece’s Industrial Production Index (IPI) returned in positive territory in September, reversing three contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
Greece’s Consumer Price Index (CPI) more than doubled in October, with a 3.4-pct rise year-on-year (YoY), after an increase of 1.6 pct in September, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit to Sep drops by 18.1 pct, exports struggle with 6.4 pct decrease
Greece’s trade deficit recorded a drop of 25.9 percent year-on-year (YoY) in September, after a decline of 7 percent in August, according to data released by ELSTAT on Tuesday.
Hiring balance up to August improves by 43,573 jobs YoY
Greece’s employment balance stayed negative in August, with 15,826 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
Greece’s seasonally adjusted (SA) unemployment rate dropped to 10 percent in September, after a slightly downwards revision to 10.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
PMI in expansion territory in Oct, but jobs cut and inflation a challenge again
Greece’s Manufacturing PMI remained in expansion territory in October, rising by a fraction to 50.8 points, from 50.3 points in September, according to S&P Global data released on Wednesday.
Inflation boosts retail sales growth to 2.4 pct in Aug, volumes continue to slide
Greece’s retail sales remained in positive territory in August, with a rise of 2.4 percent year-on-year (YoY), after a 3.4-percent rise in July, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.