Macroeconomy
Growth of industrial turnover slows in Nov, drops by 1.4 pct MoM
Greece’s industrial turnover stayed strong in November, rising by 18.2 percent year-on-year (YoY), after a slightly downwards revised 25.1 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit widens to 3.93 bln in Nov, 17.48 bln in 11M
Greece posted a deep current account deficit (C/A) of 3.93 billion euros in November, from 2.7 billion euros in October, Bank of Greece (BoG) data showed on Friday.
Retail and catering continued to dominate business activity, employment in 2022
The special report issued via the Labour Ministry’s information database ERGANI captures the annual picture regarding firms and employment in the Greek economy and labour market.
Inaugural 2023 bond attracts strong demand and steep interest
Greece had its inaugural bond issue for 2023 on Tuesday with a 10-year benchmark that covered half of the country’s debt strategy for the year thanks to the high demand.
Budget primary deficit ends 2022 at 6.68 bln, from 10.33 bln in 2021
The budget primary balance up to December 2022 came to a deficit of 6.68 billion euros, compared to a deficit of 10.33 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Car sales end 2022 with modest full-year growth of 3.3 pct, from 22.1 pct in 2021
Road motor vehicles going into circulation for the first time in December rose by 1.3 percent year-on-year (YoY), after going into negative territory in November, when they dropped by 0.7 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Rise in import prices slow further to 15.7 pct YoY in Nov
The pace of the increase in Greece’s import price index slowed again in November, when it rose by 15.7 percent year-on-year (YoY), from 21.3 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
CPI moderates further to 7.2 pct in Dec, food prices soar by 15.5 pct
Greece’s Consumer Price Index (CPI) increased by 7.2 percent year-on-year (YoY) in the last month of 2022, slowing down further from the 8.5 percent in November, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
OECD sees recovery slowing, urges fiscal discipline
OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
Industrial production drops by 0.9 pct YoY in Nov for third straight decline
Greece’s Industrial Production Index (IPI) stayed in negative territory in November, falling by 0.9 percent year-on-year (YoY), after a decline of 2.7 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.