Macroeconomy
Disposable income rises by 3.8 pct in Q1, saving rate drops to lowest since 2018 at -9.8 pct
Household disposable income increased by 3.8 percent year-on-year (YoY) in the first quarter (Q1) of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Final budget execution for June affirms solid revenues, driven by VAT and income tax
The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Jan-May travel balance of 1.78 bln beats same period in 2019
Greece’s travel balance recorded a surplus of 1.19 billion euros in May, accelerating from the 432.1 million euros in April, according to Bank of Greece (BoG) data released on Friday.
Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
Greece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros in April, Bank of Greece (BoG) data showed on Thursday.
Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
Greece’s industrial turnover growth produced another impressive reading in May, jumping by 53.1 percent year-on-year (YoY), after a rise of 33.4 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Hiring balance slows in June as job market returns to normal levels
Greece’s employment balance slowed down in June with 19,113 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Energy products drive import price to second highest ever growth of 37.3 pct in May
Greece’s import price index grew at a solid pace in May, posting another rise of 37.7 percent year-on-year (YoY), after a 39.1 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Vehicle sales drop again YoY in June as only used passenger cars sales grow
Road motor vehicles going into circulation for the first time saw growth slow to 2 percent year-on-year, after an increase of 21.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
The rise in Greece’s trade deficit accelerated in May, jumping by 84.7 percent year-on-year (YoY), following a rise of 49.5 percent in April, according to data released by ELSTAT on Friday.