Macroeconomy
Travel balance up 16 pct YoY in Apr, at 1.49 bln in first four months
Greece’s travel balance recorded a surplus of 498.2 million euros in April, from 100.2 million euros in March, according to Bank of Greece (BoG) data released on Wednesday.
Industrial turnover falls by 7.4 pct YoY in April for first drop since early 2021
Greece’s industrial turnover turned negative in April for the first time since early 2021, contracting by 7.4 percent year-on-year (YoY), from upwards revised growth of 3.3 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
Greece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday.
Growth of property prices picks up pace in Q1 with 14.5 pct
The growth in the nominal value of apartments in Greece remained on a strong trajectory in Q1 2023, increasing by 14.5 percent year-on-year (YoY) from an upwards revised 13.5 percent in Q4 2022, Bank of Greece (BoG) data released on Monday showed.
Wage rises become top issue but trajectory lined with obstacles
Wages in Greece have featured prominently in this summer's election campaign as, in the midst of the cost-of-living crisis, there is a wider recognition by the leading parties that earnings in Greece need a boost.
Wages index grows by 5.5 pct in Q1, slows from previous quarter
Greece’s seasonally adjusted (SA) Wages Index kept the strong growth territory rising by 5.5 percent year-on-year, from an upwards revised 8.8 percent in the last quarter of 2022, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Unemployment unchanged at 11.8 pct in Q1, sharp fall in long-term jobless
Greece’s non-seasonally adjusted quarterly unemployment rate stayed virtually unchanged in Q1 this year, rising to 11.8 percent, from 11.9 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln
The budget primary balance came to a surplus of 2.29 billion euros in May, compared to a deficit of 1.49 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.
Import price index falls for third straight month in Apr as energy prices contract by 35 pct
The contraction of Greece’s import price index accelerated further in April, as it fell by 17.5 percent year-on-year (YoY), after dropping by 12.7 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
The Labour Ministry has presented the updated data of wages in the labour market, after the incorporation of the latest rise in the minimum wage to 780 euros per month, effective April 1.