Macroeconomy
Strong start to budget execution in 2024 as Jan brings 2.12 bln primary surplus
The budget primary balance started the new year strongly with a surplus of 2.12 billion euros in January, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
CPI at 3.1 pct in Jan, foods up by 8.3 pct
The growth in Greece’s Consumer Price Index (CPI) slowed down marginally in January, when there was a rise of 3.1 pct increase year-on-year (YoY), after an increase of 3.5 pct in December, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Import prices end 2023 with 12.3 pct drop after 27.7 pct jump in 2022
Greece’s import price index remained in contraction in December, as it fell by 8.7 percent year-on-year (YoY), after dropping by 8.6 percent in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car market starts year on the up, with 6.7 pct rise in Jan
Road motor vehicles going into circulation for the first time opened the new year with a growth rate of 8.6 percent year-on-year (YoY) in January, after a 24.8 percent rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Industrial production concluded 2023 with modest annual growth of 2.2 pct
Greece’s Industrial Production Index (IPI) accelerated in December, growing by 4.3 percent year-on-year (YoY), after a 3.2-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit drops by 20 pct in 2023 despite contraction of exports
Greece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday.
Labour market improves further in 2023, with 43,802 more hirings
Greece’s employment balance turned positive in December, with 18,496 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment falls to 9.2 pct in Dec amid big YoY drop in number of out-of-job workers
Greece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in December, landing at 9.2 percent, from 9.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
Greece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday.
Retail sales make marginal YoY gains in Nov, volumes continue to fall sharply
Greece’s retail sales made marginal gains in November, with a rise of 0.6 percent year-on-year (YoY), after no change in October, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.