Macroeconomy
Decline in car sales continues with 14 pct YoY fall during July
Road motor vehicles going into circulation for the first time dropped by 14 percent year-on-year in July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
The employment balance was positive by 67,911 more hirings than firings in July, according to data released on Friday by the Labour Ministry’s Ergani information system.
Trade deficit falls by 10.3 pct in June
Greece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
CPI falls by 1.8 pct YoY in July
Greece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in July compared to a decline of 1.6 percent seen in June, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Industrial production down by 4.9 pct YoY in May but picks up from previous month
Greece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Unemployment rate jumps to 17 pct in May
Greece’s seasonally adjusted (SA) unemployment rate came to 17 percent in May from a slightly upward revised figure of 15.7 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash deficit at 5.48 bln in June as tax revenues fall
Greece’s general government (gg) primary cash deficit came to 5.48 billion euros in the first σιχ months of the year compared to a surplus of 1.70 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
The month-on-month rise in Greece's new tax debt came to 222 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown.
PMI drops to 46.8 points in July amid Covid-19 uncertainty
Greece’s manufacturing PMI decreased to 48.6 points in July from 49.4 points in June, according to the latest data from Markit PMI.
Retail turnover drops by 5.3 pct in May, volume drops by 5.8 pct
Greece’s retail sales index decreased sharply by 5.3 percent in May following a sharp drop of 24.5 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.