Macroeconomy
Industrial production concluded 2023 with modest annual growth of 2.2 pct
Greece’s Industrial Production Index (IPI) accelerated in December, growing by 4.3 percent year-on-year (YoY), after a 3.2-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit drops by 20 pct in 2023 despite contraction of exports
Greece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday.
Labour market improves further in 2023, with 43,802 more hirings
Greece’s employment balance turned positive in December, with 18,496 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment falls to 9.2 pct in Dec amid big YoY drop in number of out-of-job workers
Greece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in December, landing at 9.2 percent, from 9.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
Greece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday.
Retail sales make marginal YoY gains in Nov, volumes continue to fall sharply
Greece’s retail sales made marginal gains in November, with a rise of 0.6 percent year-on-year (YoY), after no change in October, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Producer prices drop by 7.1 pct in 2023, non-durables up by 6 pct in Dec
Greece’s Producer Price Index (PPI) contracted for the tenth successive month in December, dropping by 6.6 percent year-on-year (YoY), after falling sharply by 8.9 percent in November, ELSTAT data showed on Tuesday.
Economic sentiment up in Jan, consumer confidence plunges by 6 pts
Greece’s economic sentiment (ESI) experienced a solid recovery in January, rising by 1.4 points to 107.2, after an increase of 0.4 points in December, according to European Commission figures released on Tuesday.
Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
The net private sector deposits in the Greek banking system grew strongly, as is the seasonal trend, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros in November, based on the latest Bank of Greece (BoG) figures released on Friday.
Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations
The credit expansion in the Greek private sector slightly picked up pace in December, rising by 3.6 percent year-on-year (YoY), up from 2.8 percent in November, Bank of Greece (BoG) figures released on Friday showed.