Macroeconomy
Employment balance positive by 32,975 in May, aggregate figure shows 259,233 fewer jobs
The employment balance was positive with 32,975 more hirings than firings in May, data from the Labour Ministry’s Ergani information system showed.
Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
Greece’s seasonally adjusted (SA) unemployment rate came to 14.4 percent in March from a downward revised reading of 15.9 percent in February, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
The latest OECD economic outlook for June 2020 takes stock of Greece’s position in light of the coronavirus pandemic and presents a number of scenarios.
Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
Road motor vehicles going into circulation for the first time fell by 49.1 percent in May, softening compared to a sharper drop of 80.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
CPI falls by 1.1 pct YoY in May
Greece’s Consumer Price Index (CPI) fell by 1.1 percent year-on-year (YoY) in May compared to a decline of 1.4 percent seen in April, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Turnover in tourism drops by 6.5 pct in Q1, reflecting hotel closure impact
The turnover index in accommodation and food services fell by 6.5 percent year-on-year (YoY) in the first quarter (Q1), slowing from an increase of 4.8 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
General govt primary cash deficit of 1.85 bln in Apr as revenues decline
Greece’s general government (gg) primary cash deficit came to 1.85 billion euros in the first four months of the year compared to a surplus of 1.73 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
Greece’s Industrial Production Index (IPI) decreased by 9.9 percent year-on-year (YoY) in April following a slightly downward revised increase of 0.4 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Trade deficit falls by 30.3 pct in April as Covid-19 restrictions hit trade
Greece’s trade deficit fell by 30.3 percent year-on-year (YoY) in April compared to a drop of 7.9 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
Overall loan interest at 4.05 pct in April, hitting new series low
The overall weighted average interest rate on all new loans to households and non-financial corporations was almost unchanged month-on-month 4.05 percent in April from 4.06 percent in March, data from the Bank of Greece (BoG) showed on Friday.