Macroeconomy
Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
Greece’s Consumer Price Index (CPI) more than doubled in October, with a 3.4-pct rise year-on-year (YoY), after an increase of 1.6 pct in September, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit to Sep drops by 18.1 pct, exports struggle with 6.4 pct decrease
Greece’s trade deficit recorded a drop of 25.9 percent year-on-year (YoY) in September, after a decline of 7 percent in August, according to data released by ELSTAT on Tuesday.
Hiring balance up to August improves by 43,573 jobs YoY
Greece’s employment balance stayed negative in August, with 15,826 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
Greece’s seasonally adjusted (SA) unemployment rate dropped to 10 percent in September, after a slightly downwards revision to 10.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
PMI in expansion territory in Oct, but jobs cut and inflation a challenge again
Greece’s Manufacturing PMI remained in expansion territory in October, rising by a fraction to 50.8 points, from 50.3 points in September, according to S&P Global data released on Wednesday.
Inflation boosts retail sales growth to 2.4 pct in Aug, volumes continue to slide
Greece’s retail sales remained in positive territory in August, with a rise of 2.4 percent year-on-year (YoY), after a 3.4-percent rise in July, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Despite annual drop in Sep, producer prices rise for 4 consecutive months
Greece’s Producer Price Index (PPI) contracted for the seventh successive month in September, dropping by 4.3 percent year-on-year (YoY), after falling by 8.3 percent in August, ELSTAT data showed on Monday.
Economic sentiment continues slide in Oct, consumer confidence low
Greece’s economic sentiment (ESI) continued its slide with a drop of 1.3 points to 106.4, after a decline of 3.3 points in September, according to European Commission figures released on Monday.
Building activity resilient, permits higher by 11.1 pct up to July
Building permits remained on a solid footing in July, rising by 7.5 percent year-on-year (YoY), after a rise of 13 percent in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
The budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022.