Macroeconomy
CPI down by 1.6% in March, marking 12-month continuous drop
Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year in March, following a drop of 1.3 percent in February and a decline of 2 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Car sales almost double in March from level at start of pandemic
Road motor vehicles going into circulation for the first time rose by 98.5 percent in March compared to a drop of 16.4 percent in February, Hellenic Statistical Authority (ELSTAT) data showed.
Industrial production up by 4.4% in February
Greece’s Industrial Production Index (IPI) rose by 4.4 percent year-on-year (YoY) in February following a revised increase of 3.5 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
IMF expects modest recovery, lingering debt but primary surplus to return swiftly
Within the context of its Spring meetings, the IMF updated its macroeconomic and fiscal estimates for Greece in the World Economic Outlook and the Fiscal Monitor publications.
Trade deficit falls by 33.2 pct in February
Greece’s trade deficit fell by 33.2 percent year-on-year in February compared to a drop of 23.2 percent in January, data from the Hellenic Statistical Authority released on Wednesday showed.
General govt primary cash deficit at 1.99 bln in February; arrears jump
Greece’s general government (gg) primary cash deficit came to 1.99 billion euros in the first two months of the year, compared with a surplus of 1.42 billion euros in the same period of 2020, according to the Finance Ministry’s monthly gg bulletin.
PMI rises to 51.8 points in March, first expansion in over a year
Greece’s manufacturing PMI rose to 51.8 points in March from 49.4 points in February, according to the latest data from Markit.
Retail turnover drops by 5 pct and volume by 3 pct in January
Greece’s retail sales index decreased by 5 percent in January following a revised drop of 12.8 percent in December, Hellenic Statistical Authority data showed on Wednesday.
Economic sentiment rises to 96.9 points in March as all sectors improve
Greece’s economic sentiment rose by 5 points month-on-month in March to reach 96.9 points, European Commission figures showed on Tuesday.
Budget primary deficit confirmed at 1.5 bln in Feb, beating target
The budget primary balance recorded a deficit of 1.5 billion euros in the two month of 2021, compared with a surplus of 831 million in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for February showed.