Macroeconomy
Car sales rise by 7.8 pct in July, driven by new vehicle purchases
Road motor vehicles going into circulation for the first time remained stable in July, growing by 9.2 percent year-on-year (YoY), after a 9.2 percent rise in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Industrial production drops for first time in 2023, down 3.6 pct in June
Greece’s Industrial Production Index (IPI) contracted in June, falling by 3.6 percent year-on-year (YoY), after rising by an upwards revised 1.9 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
CPI resumes upward trajectory in July, food inflation at 12.3 pct
Greece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit narrows by 14.9 pct in June despite sharp exports drop
Greece’s trade deficit recorded a drop of 14.9 percent year-on-year (YoY) in June, after a drop of 11 percent in May, according to data released by ELSTAT on Monday.
Waiters and hospitality jobs lead way as hiring balance improves YoY in June
Greece’s employment balance in June was positive by 28,761 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment rate hits 11.1 pct in June as recovery loses steam
Greece’s seasonally adjusted (SA) unemployment rate landed at 11.1 percent in June, from an upwards revised 11.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI records 6 months of improved manufacturing conditions, but outlook less upbeat
Greece’s Manufacturing PMI remained in expansion territory in July, rebounding to 53.5 points, from 51.8 points in June, according to S&P Global data released on Tuesday.
Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct
Greece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Producer prices for June increase in most categories aside from energy
Greece’s Producer Price Index (PPI) contracted for the fourth successive month in June, dropping by 11.7 percent year-on-year (YoY), after falling by 12.9 percent in May, ELSTAT data showed on Friday.
Building activity records modest growth in April, up 10 pct in first four months
Building permits recorded a modest movement in April, rising by 0.9 percent year-on-year (YoY), after rising by 34.2 percent in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.