Macroeconomy
Credit expansion slows to 1.2 pct in July as corporate loans contract
The pace of credit movement in the Greek private sector continued to slow in July, rising by 1.2 percent year-on-year (YoY), from 2.8 percent in June, Bank of Greece (BoG) figures released on Monday showed.
Building activity grows by 15.8 pct in May, up 11.5 pct in first five months
Building permits recorded a decent movement in May, rising by 15.8 percent year-on-year (YoY), after a modest rise of 0.9 percent in April, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Income tax, VAT help generate 3.56 bln budget surplus in July as interest expenses exceed 5 bln
The budget primary balance in July was confirmed at a surplus of 3.56 billion euros, compared to a deficit of 1.16 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Travel surplus rises to 5.06 bln in June as arrivals soar by 26 pct in 6M
Greece’s travel balance recorded a surplus of 2.73 billion euros in June, from 1.54 billion euros in May, according to Bank of Greece (BoG) data released on Tuesday.
Impact of energy moderates, current account deficit narrows to 7.86 bln in 6M
Greece’s current deficit narrowed further to 638.2 million euros in June, from 1.65 billion euros in May, Bank of Greece (BoG) data showed on Monday.
New bonds drive up central government debt by 3 bln to 404.69 bln in Q2
Greece’s central government debt recorded a sizable rise of over 3 billion euros to 404.69 billion euros in Q2 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday.
Drop in industrial turnover accelerates in June, falling by 17.2 pct YoY
Greece’s industrial turnover went further into contraction in June, dropping by 17.2 percent year-on-year (YoY), from a 13.5 percent decrease in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Underspend and improved tax collection help budget beat target by 881 mln in July
The budget primary balance came to a surplus of 3.56 billion euros in July, compared to a deficit of 1.16 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
Despite drop in input costs, rising agriculture output prices cause inflation concerns
Food inflation is currently the most prominent challenge for households, and there was more worrying data on this front from ELSTAT on Friday in the form of the release for input and output price index in the agriculture and livestock sectors.
Import prices fall for fifth straight month in June as energy drops by 38 pct
The contraction of Greece’s import price index continued in June, falling by 19.4 percent year-on-year (YoY), after dropping by 20.8 percent in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.