Macroeconomy
Energy a key driver for further import prices drop of 14.6 pct in Aug
Greece’s import price index continued to contract in August, falling by 14.6 percent year-on-year (YoY) after dropping by 14.4 percent in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF forecasts high primary surpluses, tempers growth expectations
At the annual meetings of the IMF and the World Bank currently being held in Morocco, the Fund presented its latest global economic and fiscal estimates.
Car sales soar by 21.6 pct in Sept, up 12.9 pct in 9M
Road motor vehicles going into circulation for the first time picked up further pace in September, growing by 15.6 percent year-on-year (YoY), after a 12.3 percent rise in August, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Industrial production stays in contraction for third successive month in Aug
Greece’s Industrial Production Index (IPI) remained in negative territory in August, after back-to-back contractions in July. It fell by 0.5 pct year-on-year (YoY), after dropping by 1.9 pct in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
CPI rise eases to 1.6 pct in Sep, but food up by 9.4 pct
The upward trend in Greece’s Consumer Price Index (CPI) reversed in September with a 1.6-pct rise year-on-year (YoY), after an increase of 2.7 pct in August, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit continues to shrink in Aug despite exports losing momentum
Greece’s trade deficit recorded a drop of 7 percent year-on-year (YoY) in August, after a decline of 21 percent in July, according to data released by ELSTAT on Friday.
Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
The Finance Ministry tabled in Parliament on Monday the draft budget for 2024, with Greece seen growing by 3 pct in 2024 and securing a primary surplus of 2.1 pct of GDP.
Unemployment rate remains lodged near 11 pct after no change in Aug
Greece’s seasonally adjusted (SA) unemployment rate was unchanged in August, landing at 10.9 percent, the same as July after a slight upwards revision, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
Greece’s Manufacturing PMI remained in expansion territory in September, although it fell significantly to 50.3 points, from 52.9 points in August, according to S&P Global data released on Monday.
Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
Greece’s Producer Price Index (PPI) contracted for the sixth successive month in August, dropping by 8.3 percent year-on-year (YoY), after falling by 8.6 percent in July, ELSTAT data showed on Friday.