Macroeconomy
Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
The budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
Travel balance drops to 3.76 bln in July as expenditure per trip eases by 9.1 pct YoY
Greece's travel balance recorded a surplus of 3.76 billion euros in July, compared to 2.86 billion euros in June, according to data released by the Bank of Greece (BoG) on Monday.
Manufacturing and mining growth push industrial turnover up by 11.7 pct YoY in July
Greece’s industrial turnover picked up pace in July, rising by 11.7 percent year-on-year (YoY) from a 5.6 percent increase in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account hampered by goods deficit in July as travel balance drops YoY
Greece’s current account was in a 246.2 million surplus in July, from 270 million euros in June, Bank of Greece (BoG) data showed on Friday.
Significant underspend pushes 8M primary balance to 7.57 bln
The budget primary balance recorded a surplus of 7.57 billion euros by August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
Import prices drop by 1.6 pct YoY in Jul due to energy, as all other categories rise
Greece’s import price index turned into contraction in July, dropping by 1.6 percent year-on-year (YoY), after a 4.4 percent rise in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Sharp drop in new car sales as vehicle registrations decrease by 5.8 pct in Aug
Road motor vehicles going into circulation for the first time dropped by 5.8 percent year-on-year (YoY) in August, after a rise of 13.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Property prices see steady increase of 9.2 pct in Q2, pace of rise moderates further
The growth in the nominal value of apartments in Greece continued at a steady pace in the second quarter of 2024, increasing by 9.2 percent year-on-year (YoY) from an upwards revised 10.6 percent in Q1 2024, Bank of Greece (BoG) data released on Tuesday showed.
Industrial Production grows 10.6 pct in Jul as electricity and manufacturing lead way
Greece’s Industrial Production Index (IPI) grew in July by 10.6 percent year-on-year (YoY), after a 9.9 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.