Macroeconomy
Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
Greece’s non-seasonally adjusted unemployment rate was 15.8 percent in the second quarter of the year (Q2), from 17.1 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
Greece’s seasonally adjusted (SA) unemployment rate dropped to 14.2 percent in July from 15 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Growth in building activity decelerates to 17.6 pct in June after post-lockdown boom
The number of building permits issued in Greece decelerated to an increase of 17.6 percent year-on-year (YOY) growth in June, from 62.9 percent in May, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Industrial production rises 7.8 pct in Jul to continue recovery since late 2020
Greece’s Industrial Production Index (IPI) increased by 7.8 percent year-on-year (YoY) in July, slowing down from the 8.9 percent rise in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
CPI up by 1.9 pct in Aug for highest reading in almost a decade
Greece’s Consumer Price Index (CPI) continued its rise in August, when it increased by 1.9 pct year-on-year (YoY) from 1.4 percent in July, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Recovery in car sales slows to 2.7 pct in August
Road motor vehicles going into circulation for the first time increased by 2.7 percent year-on-year (YoY) in August, after a rise of 10.3 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Rise of property prices continues with 4.6 pct increase in Q2
The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY) in the second quarter (Q2), from an upwards revised 3.5 pct in the first quarter (Q1), according to Bank of Greece (BoG) data released on Thursday.
Trade deficit widens by 28.9 pct in July due to higher oil prices
Greece’s trade deficit increased by 28.9 percent year-on-year (YoY) in July according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
Greece’s seasonally adjusted (SA) GDP rose by 3.4 percent quarter-on-quarter (QoQ) in the second (Q2) quarter of the year, from a slightly upwards revised 4.5 percent in the first quarter (Q1) of 2021, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
General govt balance deteriorates due to deficits of state and social security funds
Greece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin.