Macroeconomy
Current account deficit at 7.67 bln for 9M as goods balance deteriorates
Greece’s current account was back in deficit in September, widening to 316.5 million, from a 651.3 million euros surplus in August, Bank of Greece (BoG) data showed on Wednesday.
Central govt debt at 404.29 bln thanks to drops in short-term notes and repos
Greece’s central government debt recorded a drop of roughly 3 billion euros to 404.29 billion euros in Q3 2024, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
OECD report underlines sobering reality of economic recovery
The latest hit to efforts to create a buzz around the Greek economy came this week from the OECD’s How’s Life 2024 report, with the challenges outlined in an op-ed by the country’s representative at the Paris-based think-tank a few days ago.
Privatisation proceeds, major underspend push Oct primary surplus to 8.82 bln above target
The budget primary balance recorded a surplus of 13.49 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
The European Commission published on Friday the latest autumn forecasts that included minor adjustments for the Greek growth outlook from the previous estimate in May.
Drop of 24.1 pct YoY in energy prompts biggest import price decline in a year
Greece’s import price index remained in contraction in September, accelerating to 10.6 percent year-on-year (YoY), after a 4.3 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Vehicle sales down by 2.3 pct YoY in Oct due to sharp drop in new cars
Road motor vehicles going into circulation for the first time rose by 2.1 percent year-on-year (YoY) in October, after a rise of 4.4 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Role of inflation in US elections gives government food for thought
The PM’s office must have been following nervously the results in the US presidential elections and the qualitative findings from the exit polls as the economy dominated the factors that determined the vote of the American electorate.
CPI moderates to 2.4 pct YoY in Oct, food inflation below headline number
The growth in Greece’s Consumer Price Index (CPI) moderated in October with a rise of 2.4 percent year-on-year (YoY), after an increase of 2.9 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Industrial production growth slows to 2.4 pct YoY in Sep, led by manufacturing rise
Greece’s Industrial Production Index (IPI) slowed in September growing by 2.5 percent year-on-year (YoY), after a 3.3 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.