Macroeconomy
Despite rise of 6.1 pct YoY in June, building permits down 13.8 pct in H1
Building activity growth slowed in June, with a rise of 6.1 percent year-on-year, after a jump of 31.6 percent YoY seen in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Credit growth stable at 10.6 pct YoY in Aug
The credit expansion in the Greek private sector remained strong in August, rising by 10.6 percent year-on-year (YoY), virtually unchanged from the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
The Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday.
Strong tax revenues, major underspend lead primary surplus 3.57 bln above target in Aug
The budget primary balance was confirmed at a surplus of 8.5 billion euros up to August, compared to a surplus of 7.57 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
Tourism on track for new record season as receipts rise by 12.5 pct up to July
Greece's travel balance recorded a surplus of 4.18 billion euros in July, compared to 2.98 billion euros in June, according to data released by the Bank of Greece (BoG) on Monday.
Current account in 938.4 mln surplus for July thanks to services
Greece’s current account recorded a surplus of 938.4 million euros in July, from a surplus of 1.19 billion euros in June, Bank of Greece (BoG) data released on Friday showed.
Industrial turnover drops by 1.8 pct YoY in July, driven by markets abroad
Greece’s industrial turnover dropped in July, with a decrease of 1.8 percent year-on-year (YoY), from a 0.1 percent increase in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Property prices rise by 7.3 pct YoY in Q2, index at all-time high again
The growth in the nominal value of apartments in Greece accelerated marginally in the second quarter of 2025, increasing by 7.3 percent year-on-year (YoY) from 7 percent in Q1 2025, Bank of Greece (BoG) data released on Wednesday showed.
Underspend and taxes push primary balance up to Aug 3.77 bln above target
The budget primary balance produced a surplus of 8.7 billion euros up to August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Growth treads water as PM targets relief for households
Ahead of the PM’s recent keynote speech and extensive press conference at the Thessaloniki International Fair, ELSTAT released the latest set of GDP data for Q2, where the Greek economy’s annual growth slightly moderated to 1.7 pct year-on-year (YoY), from a 2.1 pct YoY rise in Q1.