Macroeconomy
CPI rise of 5.1 pct in Dec highest since 2011 as electricity, gas and heating oil drive price hikes
Greece’s Consumer Price Index (CPI) accelerated in December, rising by 5.1 percent year-on-year (YoY), following an equally strong movement of 4.8 percent in November, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Thursday.
Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
Greece’s Industrial Production Index (IPI) recorded a notable rise of 8 percent year-on-year (YoY) in November, slowing down from the jump of 16.5 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Trade deficit nearly doubles to 2.77 bln in Nov; largest since March 2012
Greece’s trade deficit nearly doubled in November, jumping by 93.1 percent year-on-year (YoY), from a rise of 52.8 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Economic sentiment drops by 3.1 pts in Dec, little change in consumer confidence over year
Greece’s economic sentiment (ESI) took a pause in December, dropping by 3.1 points to 110.3, from 113.4 in November, according to European Commission figures released on Friday.
PMI up to 59 pts in Dec as manufacturing nears year of growth despite supply chain challenges
Greece’s manufacturing PMI edged up slightly in December to 59 points, from 58.8 in November, according to Markit data released on Monday.
Retail sales rise by 13.1 pct in Oct, led by fuels and non-food sectors
Greece’s retail sales accelerated in October, rising by 13.1 percent, from a downward revised increase of 12.5 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Credit growth edges up to 1.1 pct in Nov
Credit movement in the Greek private sector increased by 1.1 percent year-on-year (YoY) in November, from a rise of 0.9 percent in October and 0.8 percent in September, Bank of Greece (BoG) figures released on Wednesday showed.
Private sector deposits rise by 1.83 bln in Nov, led by corporations
The net private sector deposit movement in the Greek banking system jumped by 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Wednesday.
Nov budget data confirms tax revenue outperformance at 784 mln
The budget primary balance recorded a deficit of 7.88 billion euros up to November 2021, compared with a deficit of 13.75 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
Unemployment drops to 13 pct in Q3, lowest since 2010, as employed exceed 4 mln
Greece’s non-seasonally adjusted unemployment rate continued its decline to 13 percent in the third quarter (Q3) from 15.8 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.