Greece’s Consumer Price Index (CPI) continued its record-breaking rise in May, increasing by 11.3 percent year-on-year (YoY), from 10.2 percent in April, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
The OECD revised down its growth forecasts for Greece for 2022 amidst surging global inflation, heightened uncertainty, and tighter monetary policy conditions.
The rise in Greece’s trade deficit accelerated in April, when it increased by 49.5 percent year-on-year (YoY), from 13.5 percent increase in March, according to data released by ELSTAT on Tuesday.
Greece’s seasonally adjusted (SA) GDP increased by 2.3 percent quarter-on-quarter (QoQ) in the first quarter (Q1), from an upwards revised 0.8 percent in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
Greece’s Manufacturing PMI dropped by one point in May to 53.8 points, according to S&P Global data released on Wednesday.
The growth in Greece’s retail sales accelerated to 20.2 percent year-on-year (YoY) in March, after an increase of 16.9 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Greece’s Producer Price Index (PPI) recorded another explosive rise in April, shooting up by 48.8 percent year-on-year (YoY), after jumping by 46.2 percent in March, ELSTAT data said on Monday.
Greece’s economic sentiment (ESI) recovered by 2.9 points in May, rising to 108, after dropping sharply by 7.9 points in April, according to European Commission figures released on Monday.
Credit movement in the Greek private sector accelerated to 2.8 percent year-on-year (YoY) in April, from 1.6 percent in March, and 1.4 percent in February, Bank of Greece (BoG) figures released on Friday showed.
The net private sector deposit movement in the Greek banking system in April turned positive to 1.35 billion euros, from a negative flow of 989 million euros in March, and negative movement of 258 million seen in February, based on Bank of Greece (BoG) figures released on Friday.