Macroeconomy
Jobs in tourism push May hiring balance upwards
Greece’s employment balance in May had 132,730 more hires than departures, according to data from the Labour Ministry’s ERGANI information system.
PBO sees resilience in economy, revises growth outlook slightly down
In its latest quarterly report, the Parliamentary Budget Office (PBO) argues that the Greek economy is currently navigating a complex global landscape, showing remarkable resilience despite geopolitical tensions.
Unemployment slides to 8.1% in May as male and youth rates improve
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.1 percent in May, from a downward revised 9.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Manufacturing PMI improves slightly in June, cost and export challenges persist
Greece’s manufacturing PMI rose to 53.8 points in June, from 53.3 points in the previous month, S&P Global data showed on Wednesday.
Energy continues to drive rise in producer prices as May sees 13.5% YoY increase
Greece’s Producer Price Index (PPI) accelerated further in May to 13.5 percent year-on-year (YoY), after a rise of 12.8 percent in the previous month, ELSTAT data showed on Tuesday.
Retail sales growth slows to 4% YoY in Apr, volumes drop as fuel consumption decreases
The growth of Greece’s retail sales moderated further with a rise of 4 percent year-on-year (YoY) in April, after an increase of 6.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Loans to businesses keep credit growth at 7.4% YoY in May
Credit expansion in the Greek private sector remained strong in May, rising by 7.4 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Monday showed.
Corporations at forefront of 5.53 bln deposit inflow in May
Private sector deposits rose sharply in May, with a net inflow of 5.53 billion euros, after a minor drop of 66 million euros in April, according to the latest Bank of Greece (BoG) figures released on Monday.
Building activity maintains strong first quarter with 22.3% YoY rise in March
Building activity jumped in March, with a rise of 22.3 percent year-on-year, after an increase of 5.4 percent in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Services elevate economic sentiment in June as all other components fall
Greece’s economic sentiment (ESI) continued improving in June, with the index at 108.3 points, from 107.7 in the previous month, according to European Commission figures released on Monday.