Macroeconomy
Primary cash balance deficit at 8.67 bln in July
Greece’s central government recorded a primary cash balance deficit of 8.67 billion euros in the first half of the year, according to figures released by the Bank of Greece.
Data for total revenues in Q2 reflects recovery from end of lockdown
The latest turnover data released by the Hellenic Statistical Authority (ELSTAT) reflects signs of recovery in the Greek economy as in the second quarter of the year total revenue reached 78.38 billion euros, up by 29.4 pct year-on-year (YoY).
Budget primary shows deficit of 9.08 bln in July, beating revised target despite revenue shortfall
The budget primary balance recorded a deficit of 9.08 billion euros in the first seven months of 2021, compared with a deficit of 7.46 billion in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for July showed on Monday.
Employment balance positive by 24,395 in July on tourism hires
The employment balance was positive with 24,395 more hirings than people leaving their jobs in July, data from the Labour Ministry’s Ergani information system showed.
Building permits jump by 62.9 pct in May, from year-earlier lockdown
Building permits increased by 62.9 percent year-on-year (YoY) in May after an increase of 124.5 percent seen in April, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Unemployment at 15 pct in June
Greece’s seasonally adjusted (SA) unemployment rate dropped to 15 percent in June from a revised 15.8 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Car sales increase by 10.3 percent in July
Road motor vehicles going into circulation for the first time rose by 10.3 percent in July compared to an increase of 40.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
CPI up by 1.4 pct in July as higher fuel prices and cost of electricity filter through
Greece’s Consumer Price Index (CPI) increased by 1.4 percent year-on-year (YoY) in July, accelerating from the 1 percent rise in June, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Monday.
Industrial production up 8.8 pct in June, continues annual recovery from 2020 lows
Greece’s Industrial Production Index (IPI) increased by 8.8 percent year-on-year (YoY) in June, from a 14.1 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
PMI grows in July, but supply chain issues and price pressure come to fore
Greece’s manufacturing PMI stood at 57.4 points in July, from 58.6 points in June, signalling the ongoing improvement in market conditions in Greece, Markit data showed on Monday