Macroeconomy
Vehicle sales up 10.8 pct YoY in Jun, rising by 13.2 pct in H1
Road motor vehicles going into circulation for the first time accelerated further in June, rising by 9.2 percent year-on-year (YoY), from 5.6 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
Greece completed on Tuesday its third syndicated transaction of the year with a 3.5 billion euros 15-year bond with a coupon of 4.375 pct.
Industrial production growth slows to 1.4 pct annually in May, only manufacturing expands
Greece’s Industrial Production Index (IPI) slowed in May, rising by 1.4 percent year-on-year (YoY), from a slightly downwards revised 4.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Trade deficit widens in May as exports contract by 15.4 pct
Greece’s trade deficit recorded a drop of 11 percent year-on-year (YoY) in May, after a solid drop of 22.9 percent in April, according to data released by ELSTAT on Friday.
CPI drops in Jun on back of lower energy costs, but food prices continue to climb
Greece’s Consumer Price Index (CPI) dropped below the ECB’s target of 2 pct in June, with a reading of 1.8 percent year-on-year (YoY), after growing by 2.8 percent in May, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
PBO sees normality returning, but inflation will have multifaceted effects
The Parliamentary Budget Office (PBO) published its latest quarterly report on Tuesday in which progress is outlined along with challenges for the Greek economy as the government starts a new term under the spectre of inflation.
Manufacturing remains in expansion in May amid client demand concerns
Greece’s Manufacturing PMI remained in expansion territory in June, although it stayed virtually unchanged at 51.8 points, from 51.5 points in May, according to S&P Global data released on Monday.
BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
The Bank of Greece published its latest monetary policy report, which re-affirms the growth outlook for this year, the challenges that lie ahead for the new Greek government as well as an array of policy recommendations.
Producer Price Index contracts for third consecutive month, down 12.9 pct in May
Greece’s Producer Price Index (PPI) contracted for the third consecutive month in May, falling by 12.9 percent year-on-year (YoY), from a 13.3 percent contraction in April, ELSTAT data showed on Friday.
Retail sales rise by 1.5 pct in Apr, food volumes down by 4.2 pct
Greece’s retail sales turned positive after the first negative reading since 2021, with a rise of 1.5 percent year-on-year (YoY), from a marginal drop of 0.3 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.