Macroeconomy
Trump's tariffs create gloomy economic environment for vulnerable Greece
The worst possible scenario for the Trump tariff policy materialised this week as the US announced reciprocal tariffs across the globe, with the EU being hit with 20 pct on its products sold to the US.
Hiring balance turns positive in Feb, driven by seasonal jobs in tourism
Greece’s employment balance was positive by 23,945 more hires than departures in February, according to data from the Labour Ministry’s Ergani information system.
Sharp drop in unemployed figures pushes unemployment rate to 8.6 pct in Feb
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.6 percent in February, from an upwards revised 9.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI rise in Mar signals strong expansion, input costs at highest since 2022
Greece’s Manufacturing PMI saw a solid rise in March, when it reached 55 points from 52.6 points in the previous month, according to S&P Global data released on Tuesday.
Retail sales start 2025 with 2.5 pct YoY rise, led by food
Greece’s retail sales started the new year with growth of 2.5 percent year-on-year (YoY) in January, after a sharp drop of 5 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Economic sentiment improves in Mar, consumer confidence and retail deteriorate
Greece’s economic sentiment (ESI) improved in March to 107.7 points, from 106.9 in the previous month, according to European Commission figures released on Friday.
Building activity ended 2024 strongly, permits up 14.9 pct in 2024
Building activity closed 2024 strongly with an increase of 15.6 percent year-on-year (YoY) in December, after a rise of 6.4 percent in November, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Corporate lending drives 10.5 pct YoY rise in credit expansion
The credit expansion in the Greek private sector remained strong in February, rising by 10.5 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits continue to slide in Feb with 6.5 bln loss at start of 2025
The private sector deposits in the Greek banking system continued the contraction in February, with a net decrease of 1.7 billion euros, after a 4.79-billion-euro decline in January, according to the latest Bank of Greece (BoG) figures released on Friday.
Feb prim surplus confirmed at 2.8 bln, as taxes remain strong and spending contained
The budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.