Macroeconomy
Trade deficit narrows by 13.6 pct YoY in Sep on back of oil effects
Greece’s trade deficit fell sharply by 13.6 percent year-on-year (YoY) in September, after a drop of 18.8 percent in August, according to data released by ELSTAT on Friday.
Hiring balance turns negative in Sep on as tourism season winds down
Greece’s employment balance was negative in September with 9,196 more departures than hires, according to data from the Labour Ministry’s ERGANI information system.
Manufacturing grows in Oct amid persistent export challenges and higher input costs
Greece’s manufacturing PMI improved in October to 53.5 points, from 52 points in the previous month, S&P Global data showed on Monday.
Retail sales grow strongly in Aug with 5.3 pct YoY rise
Greece’s retail sales accelerated growth with a 5.3 percent year-on-year (YoY) in August, after a 3.9 percent increase in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
Greece’s Producer Price Index (PPI) remained in contraction in September, with a drop of 1.1 percent year-on-year (YoY), after a decrease of 1.1 percent in August, ELSTAT data showed on Thursday.
Economic sentiment picks up in Oct, consumer confidence sliding again
Greece’s economic sentiment (ESI) improved in October, with the index at 107.5 points, from 106.2 in the previous month, according to European Commission figures released on Thursday.
Unemployment unchanged at 8.2 pct in Sep
Greece’s seasonally adjusted (SA) unemployment rate was unchanged at 8.2 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Business loans drive credit growth of 10.7 pct in Sep
The credit expansion in the Greek private sector remained strong in September, rising by 10.7 percent year-on-year (YoY), virtually unchanged from the previous month, Bank of Greece (BoG) figures released on Monday showed.
Corporate deposits propel savings increase to 208 bln in Sep
The Greek banking system’s private sector deposits rose strongly in September, with a net increase of 2.65 billion euros, after a rise of 2.05 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Monday.
Despite recovery in previous three months, building permits down 9.9 pct YoY to July
Building activity growth was solid in July, with a rise of 12.2 percent year-on-year, after an increase of 6.1 percent YoY seen in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.