Macroeconomy
Travel surplus at 11.46 bln for 8M, beating 2019 record
Greece’s travel balance recorded a surplus of 3.83 billion euros in August, from a 3.52-billion-euro surplus in July, according to Bank of Greece (BoG) data released on Monday.
Current account surplus drops in Aug, as 8M deficit jumps by 73 pct to over 10 bln
Greece posted a current account (C/A) surplus of 449.1 million euros in August, from 1.1 billion euros in July, Bank of Greece (BoG) data showed on Friday.
Industrial turnover up 42 pct YoY in Aug, but drops 15 pct MoM
Greece’s industrial turnover remained on a solid growth path in August, accelerating to 42 percent year-on-year (YoY) growth, after jumping by 38.8 percent in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Education hirings offset losses in tourism for Sept as 9M figure drops by 21,394 jobs YoY
Greece’s employment balance turned positive in September with 26,238 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Preliminary Sep budget records 37 mln primary surplus as taxes outperform by 4.9 bln
The budget primary balance up to September 2022 came to a small surplus of 37 million euros, compared to a deficit of 5.96 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Import price growth accelerates to 32 pct, food imports indicate significant price rise
Greece’s import price index grew strongly in August by 32 percent year-on-year, picking up pace from the 28.1 percent of July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
The International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington
Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023
Amidst gloomy global economic prospects, which led to significant growth revisions in the World Economic Outlook that was published yesterday as part of the annual meetings of the IMF and World Bank, the Fund offered a small glimpse of hope to the Greek authorities for the challenging year ahead.
Car market growth slows to 4.9 pct for 9M, from 23.1 pct last year
The rise in road motor vehicles going into circulation for the first time slowed down in September, rising by 4.7 percent year-on-year (YoY), from 19.1 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Industrial production up by 3.9 pct in Aug as rare monthly contraction is recorded
Greece’s Industrial Production Index (IPI) continued recording gains in August, although by a more modest 3.9 percent year-on-year (YoY), after rising by a downwards revised 6.5 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.