Macroeconomy
Disposable income rises by 10.9 pct in Q4
Household disposable income increased by a solid 10.9 percent year-on-year (YoY) in the fourth quarter (Q4) of 2022, from a 10.2 percent rise in the third quarter (Q3), according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Higher VAT and income tax takes, with limited spending help budget beat targets in Mar
The budget primary balance in March was confirmed to be a surplus of 3.08 billion euros, compared to a deficit of 1.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Boost for travel balance as arrivals rise by 83.5 pct in first two months of 2023
Greece’s travel balance recorded a surplus of 106.8 million euros in February, from 26.3 million euros in January, according to Bank of Greece (BoG) data released on Friday.
Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
The Greek authorities were handed a welcome boost on Friday as ELSTAT announced the latest fiscal data for 2022, in the context of the first Excessive Deficit Procedure (EDP) notification of 2023, where a small primary surplus was recorded.
Industrial turnover growth slows to 6.7 pct in Feb
Greece’s industrial turnover remained in growth territory in February, growing by 6.7 percent year-on-year (YY), from a 17.7 percent rise in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Current account deficit narrows to 1.32 bln in Feb as oil impact wanes
Greece’s current balance in the second month of 2023 came to a deficit of 1.32 billion euros, from a narrow deficit of 125.2 million euros in January, Bank of Greece (BoG) data showed on Thursday.
Budget primary surplus at 3.07 bln in Mar on back of 2022 tax collections, underspend
The budget primary balance came to a surplus of 3.07 billion euros in March, compared to a deficit of 1.65 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
Import prices turn negative in Feb for first time in two years
Greece’s import price index went in contraction in February, dropping by 5.6 percent year-on-year (YoY), after a rise of just 0.4 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
The IMF spring meetings produced some good news for Greece via the World Economic Outlook and Fiscal Monitor.
Car sales jump by 28.4 pct in Mar, rise by 21.5 pct in Q1
Road motor vehicles going into circulation for the first time grew strongly in March, rising by 31.3 percent year-on-year (YoY), after dropping by 8.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.