Macroeconomy
Led by sharp drop in purchases of new vehicles, car sales decline by 5.6 pct in Sep
Road motor vehicles going into circulation for the first time rose by 4.4 percent year-on-year (YoY) in September, after a drop of 5.8 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Growth of industrial production moderates to 3.1 pct YoY in Aug
Greece’s Industrial Production Index (IPI) grew in August by 3.1 percent year-on-year (YoY), after a 9.9 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Sep CPI almost unchanged at 2.9 pct, food inflation rises above headline number again
The growth in Greece’s Consumer Price Index (CPI) was virtually unchanged in September with a rise of 2.9 percent year-on-year (YoY), after an increase of 3 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit reaches 22 bln in 8M as exports continue to slide
Greece’s trade deficit recorded a drop of 6.5 percent year-on-year (YoY) in August, after a rise of 6.6 percent in July, according to data released by ELSTAT on Tuesday.
Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
The draft budget for 2025 was tabled in Parliament on Monday, with the main parameters in line with the medium-term fiscal-structural strategy (MTS) that was presented by the government last week.
Data underlines Greece still has big wage gap to bridge
The issue of Greeks’ wages and spending power has become a thorn in the government’s side - aside from some data and research that place Greece at the bottom of EU tables in terms of real wages and purchasing power parity, the current administration has repeatedly pledged a rise of the average wage in Greece to 1,500 by the end of the term, currently standing just above 1,200 euros.
Aug hiring balance improves annually, 8M up by 18,350 jobs
Greece’s employment balance improved year-on-year in August, with 5,081 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Unemployment edges down to 9.5 pct in Aug
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in August, dropping to 9.5 percent, from 9.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI at 50.3 in Sept after falling for six straight months, posting weakest reading in a year
Greece’s Manufacturing PMI continued to moderate further in September, dropping to just a whisker above the growth threshold to 50.3 points, from 52.9 points in August, according to S&P Global data released on Tuesday.
New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
The Finance Ministry presented on Monday the latest Medium Term Fiscal Plan for the 2025-2028 after negotiations with Brussels within the context of the new SGP rules.