Macroeconomy
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.
Economic sentiment indicators inch up again in July
Greece’s economic sentiment (ESI) recorded a 1-point rise in July, after a 2-point increase in June, according to European Commission figures released on Friday.
Deposits jump to highest since 2011 in Jun as corporate savings record significant rise
The net private sector deposit movement in the Greek banking system jumped by 3 billion euros in June, from a positive flow of 794 million euros in May, based on the latest Bank of Greece (BoG) figures released on Wednesday.
Growth in credit expansion slows further to 2.8 pct in Jun
The pace of credit movement in the Greek private sector continued to slow in June, rising by 2.8 percent year-on-year (YoY), from 3.1 percent in May, Bank of Greece (BoG) figures released on Wednesday showed.
VAT and income tax drive budget performance in Jun, interest bill above target by 741 mln
The budget primary balance in June was confirmed to be a surplus of 2.12 billion euros, compared to a deficit of 3.43 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Disposable income rises by 11.3 pct in Q1, saving rate negative for successive quarters
Household disposable income increased by a solid 11.3 percent year-on-year (YoY) in Q1 this year, from 10.9 percent in Q4 of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Travel balance up to May rises by 30.7 pct as arrivals soar by a third
Greece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday.