Macroeconomy
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.
Seasonal deposit rise of 4.29 bln in Dec takes total 2021 increase near to 18 bln
The net private sector deposit movement in the Greek banking system rose significantly by 4.29 billion euros, following a rise of 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Friday.
Building activity continues rising with 18.4 pct increase for permits in Oct
The number of building permits issued in Greece continued rising in October last year, increasing by 18.4 percent year-on-year, following a rise of 11.2 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment on up again after 4.2 pt rise in Jan
Greece’s economic sentiment (ESI) continued its upward trend in January, after a pause in December, increasing by 4.2 points to 114.2, according to European Commission figures released on Friday.