Macroeconomy
Sharp rise in employed as unemployment falls to 13 pct in Sep, lowest since Aug 2010
Greece’s seasonally adjusted (SA) unemployment rate dropped to 13 percent in September, from 13.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT
The budget primary balance up to October landed at a deficit of 7.2 billion euros, compared with a deficit of 9.07 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Building activity recovery continues in Aug, up by 29 pct in 2021
The number of building permits issued in Greece picked up again in August, rising by 12.7 percent year-on-year (YoY), from an increase of 6.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
The European Commission continued to revise upwards its estimates for Greek growth in 2021, moving up to 7.1 pct in the autumn forecasts released on Thursday, from 4.3 pct growth seen in the summer forecasts in July.
Manufacturing and electricity supply help keep industrial production buoyant in Sep
Greece’s Industrial Production Index (IPI) rose by 9.7 percent year-on-year (YoY) in September, from a downward revised 10 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Oct CPI at highest since May 2011, led by natural gas, oil and electricity
Greece’s Consumer Price Index (CPI) continued its climb in October, rising by 3.4 percent year-on-year (YoY), from 2.2 percent in September, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday.
Trade deficit widens by 27.8 pct to 2.11 bln, led by oil products
Greece’s trade deficit increased by 27.8 percent year-on-year (YoY) in September, from 43.3 percent in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
PMI grows for eighth month despite supply chain, inflation challenges
Greece’s manufacturing PMI edged up to 58.9 points in October, from 58.4 in September, according to Markit data released on Monday.
Retail sales grow for fifth month in a row but rate eases to 8.8 pct
Growth in Greece’s retail sales slowed down in August, rising by 8.8 percent year-on-year (YoY), from a slightly downward revised 13.1 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment picks up again in Oct but consumer confidence drops for fifth month
Greece’s economic sentiment (ESI) continued growing in October, when it rose by 3.7 points month-on-month (MoM) to 112.4 points after dropping by 3.3 points in September, according to European Commission figures released on Thursday.