Macroeconomy
Trade deficit up sharply in Sep, reaches 25.13 bln in 9M for 8.5 pct YoY rise
Greece’s trade deficit rose sharply by 12.9 percent year-on-year (YoY) in September, after a drop of 6.5 percent in August, according to data released by ELSTAT on Thursday.
Spotlight on challenges to labour productivity growth
Labour productivity has been an ongoing challenge for the Greek economy even before the 2010 debt crisis and is set to become more prominent from 2028 as it will be one of the components of the formula that will determine the minimum wage.
PMI shows slight improvement in Oct, sector outlook improves
Greece’s Manufacturing PMI recorded a moderate recovery in October, rising to 51.2 points, from 50.3 points in September, according to S&P Global data released on Friday.
Drop in retail sales accelerates to 1.8 pct YoY in Aug, fall in volumes sharper
Greece’s retail sales saw an accelerated drop of 1.8 percent year-on-year (YoY) in August, after a marginal decline of 0.2 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment drops further in Sep, dipping to 9.3 pct
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in September, dropping further to 9.3 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Energy drives producer prices down by 4.5 pct YoY in Sep, as all other categories rise
Greece’s Producer Price Index (PPI) remained in contraction in September, dropping by 4.5 percent year-on-year (YoY), after a decline of 2.4 percent in August, ELSTAT data showed on Wednesday.
Economic sentiment drops in Oct, spurred by retail and construction
Greece’s economic sentiment (ESI) deteriorated in October, falling to 107 points, from 110.2 in the previous month, according to European Commission figures released on Wednesday.
IMF forecasts add to concerns about sluggish growth ahead
Greece’s economic outlook received another dose of reality this week as the IMF published the latest economic outlook in its World Economic Outlook (WEO) in the context of the annual joint meetings with the World Bank.
Corporate loans lead 6.6 pct YoY growth in lending
The credit expansion in the Greek private sector decelerated its pace in September, rising by 6.6 percent year-on-year (YoY), from 6.9 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Boosted by corporations, Sep deposits reach highest since Apr 2011
The net private sector deposits in the Greek banking system remained in growth in September with a rise of 2.32 billion euros, after a 1.4-billion-euro rise in August, according to the latest Bank of Greece (BoG) figures released on Friday.