Macroeconomy
Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct
Greece’s seasonally adjusted (SA) GDP picked up pace in Q4, rising by 0.9 percent quarter-on-quarter (QoQ), from a 0.4 percent increase in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Negative hiring balance in Jan, but figures improve YoY
Greece’s employment balance started the new year with a negative balance, as there were 15,450 more departures than hires in January, according to data from the Labour Ministry’s Ergani information system.
Sharp drop in Jan unemployed leads to lowest rate since Dec 2008
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.7 percent in January, from 9.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI unchanged in Feb, shows signals of weakening domestic demand
Greece’s Manufacturing PMI was virtually unchanged in February, falling marginally to 52.6 points, from 52.8 points in January, according to S&P Global data released on Tuesday.
Producer prices record first rise since Jul with 0.3 pct YoY increase in Jan
Greece’s Producer Price Index (PPI) started the year in marginal growth, with a rise of 0.3 percent year-on-year (YoY), after a decline of 0.8 percent in December, ELSTAT data showed on Friday.
Retail sales suffer sharp YoY drop of 5.1 pct in Dec
Greece’s retail sales concluded 2024 in deep contraction with a drop of 5.1 percent year-on-year (YoY) in December, after a rise of 1.9 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit expansion picks up pace in Jan with 10 pct YoY rise
The credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Private sector deposits fall back below 200-bln-mark in Jan, led by coprorations
The private sector deposits in the Greek banking system started the new year with a sharp decline in January, with a net decrease of 4.79 billion euros, after a 5.59-billion-euro rise in December, according to the latest Bank of Greece (BoG) figures released on Thursday.
Industry, services and construction lead fall in Feb economic sentiment to 106.9
Greece’s economic sentiment (ESI) declined in February to 106.9 points, from 108.6 in the previous month, according to European Commission figures released on Thursday.
Building activity rises by 6.4 pct YoY in Nov, up 14.9 pct in 11M
Building activity remained in growth in November, with an increase of 6.4 percent year-on-year (YoY), after a rise of 5.9 percent in October, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday.