Macroeconomy
Current account deficit improves significantly in 9M, falling to 7 bln
Greece’s current account recorded a deficit of 408.8 million euros in September, from a surplus of 1.1 billion euros in August, Bank of Greece (BoG) data released on Thursday showed.
EC autumn forecasts project stable growth and fiscal outlook
The European Commission published on Monday the latest autumn forecasts, in which the outlook for Greece remains broadly unchanged, while the effects of the conclusion of the RRF are captured further into the forecast horizon.
Budget underspend carries on in Oct as taxes continue to outperform
The budget primary balance produced a surplus of 10.3 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Import prices resume growth in Sep, food up 6.9 pct YoY
Greece’s import price index returned to growth in September, with a marginal rise of 0.4 percent year-on-year (YoY), after a 2.4 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Car sales remain in forward gear with 7.7 pct YoY rise in Oct
Vehicles going into circulation for the first time rose by 4.1 percent year-on-year (YoY) in October, after a rise of 11.7 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Manufacturing drives industrial production increase of 6.8 pct YoY in Sep
Greece’s Industrial Production Index (IPI) resumed growth in September with a jump of 6.8 percent year-on-year (YoY) drop, after a drop of 2.8 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
Greece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit narrows by 13.6 pct YoY in Sep on back of oil effects
Greece’s trade deficit fell sharply by 13.6 percent year-on-year (YoY) in September, after a drop of 18.8 percent in August, according to data released by ELSTAT on Friday.
Hiring balance turns negative in Sep on as tourism season winds down
Greece’s employment balance was negative in September with 9,196 more departures than hires, according to data from the Labour Ministry’s ERGANI information system.
Manufacturing grows in Oct amid persistent export challenges and higher input costs
Greece’s manufacturing PMI improved in October to 53.5 points, from 52 points in the previous month, S&P Global data showed on Monday.