Macroeconomy
Current account surplus at 651.3 mln in Aug, travel receipts drop again YoY
Greece’s current account was in a 651.3-million-euro surplus in August, from 246.2 million euros in July, Bank of Greece (BoG) data showed on Monday.
Revision of GDP to have varied knock-on effect
The Hellenic Statistical Authority (ELSTAT) released this week the second estimate for 2023 GDP, along with some benchmark revisions of the base year to 2020 and the years prior, starting at 1995.
Industrial turnover contracts in Aug, falls sharply by 23.6 pct MoM
Greece’s industrial turnover fell sharply in August, dropping by 4.1 percent year-on-year (YoY) from an 11.4 percent increase in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Strong taxes and significant underspend push 9M primary balance 3.45 bln above target
The budget primary balance recorded a surplus of 8.74 billion euros up to September, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
Drop in energy pushes import prices down by 4.3 pct YoY in Aug
Greece’s import price index remained in contraction in August, accelerating to 4.3 percent year-on-year (YoY), after a 1.6 percent drop in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Draft budget maps out narrow fiscal path for coming years
The new fiscal reality that the Greek government will have to deal with was set out in black and white in the draft budget for 2025, which was tabled to Parliament on Monday in the wake of the medium-term fiscal-structural plan (MTP) being presented by the Finance Ministry last week.
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.