Macroeconomy
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.
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.