Macroeconomy
Despite further slowdown, property prices grew by 10.4 pct in Q1
The growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent in Q4 2023, Bank of Greece (BoG) data released on Tuesday showed.
Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
The strong start to the year continued for building permits, with a rise of 77.8 percent year-on-year (YoY), after a 15.1 percent increase in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
Primary surplus of 3.28 bln confirmed for Apr as timing and taxes support budget
The budget primary balance was confirmed at a surplus of close to 3.28 billion euros in April, compared to a surplus of 2.44 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Q1 travel receipts point to bumper tourism season, balance up 25 pct
Greece's travel balance recorded a surplus of 136.6 million euros in March, compared to 111.7 million euros in February, according to data released by the Bank of Greece (BoG) on Wednesday.
Seasonal jobs for chefs, waiters and cleaners propel April hiring balance to highest on record
Greece’s employment balance had another strong month in April, with 132,352 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Inflation and property data cloud economic picture
Although most of the attention after the Easter break in Greece has gradually shifting towards the European Parliament elections on June 9, the economy continues to pose challenges for the government and to be a source of doubt about some policy choices.
Q1 current account deficit widens to 4.15 bln as exports continue to shrink
Greece’s current account recorded a deficit of 2.69 billion euros in March, from a deficit of 3.1 billion euros in February, Bank of Greece (BoG) data showed on Tuesday.
Industrial turnover back in contraction again in Mar, falling by 6 pct YoY
Greece’s industrial turnover fell sharply in March, dropping by 6 percent year-on-year (YoY) from a 3 percent increase in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Central govt debt drops to 405.54 bln in Q1, bonds rise by 3bln
Greece’s central government debt recorded a drop of roughly 1 billion euros to 405.54 billion euros in Q1 2024, the Finance Ministry's (MoF) debt bulletin showed on Monday.
Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010
Road motor vehicles going into circulation for the first time grew by a strong 36.3 percent year-on-year (YoY) in March, after a contraction of 9.2 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.