Macroeconomy
Retail sales up by 20.2 pct YoY in Mar, effects of inflation emerge in volume data
The growth in Greece’s retail sales accelerated to 20.2 percent year-on-year (YoY) in March, after an increase of 16.9 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Producer prices skyrocket by 48.8 pct in Apr as energy products shoot up by 90 pct
Greece’s Producer Price Index (PPI) recorded another explosive rise in April, shooting up by 48.8 percent year-on-year (YoY), after jumping by 46.2 percent in March, ELSTAT data said on Monday.
Economic sentiment improves to 108 in May, consumer confidence also recovers by 4 pts
Greece’s economic sentiment (ESI) recovered by 2.9 points in May, rising to 108, after dropping sharply by 7.9 points in April, according to European Commission figures released on Monday.
Credit growth at 2.8 pct in Apr, highest in 13 months
Credit movement in the Greek private sector accelerated to 2.8 percent year-on-year (YoY) in April, from 1.6 percent in March, and 1.4 percent in February, Bank of Greece (BoG) figures released on Friday showed.
Deposits grow by 1.35 bln in April, reversing Q1 trend
The net private sector deposit movement in the Greek banking system in April turned positive to 1.35 billion euros, from a negative flow of 989 million euros in March, and negative movement of 258 million seen in February, based on Bank of Greece (BoG) figures released on Friday.
Growth in building permits rises to 13.7 pct for Feb after slow start
The growth in building permits picked up pace again in February, with total permits rising by 13.7 percent year-on-year (YoY), from 4.3 percent in January, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday.
Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
The budget primary balance for the first four months of 2022 was confirmed at a deficit of 799 million euros, compared to a deficit of 6.2 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
Removal of restrictions boosts travel receipts in Mar
Greece’s travel balance recorded a surplus of 77 million euros in March, from 63 million euros in February, according to Bank of Greece (BoG) data released on Monday.
Growth in industrial turnover continues in Mar as manufacturing, petroleum products lead 38.3 pct rise
Greece’s industrial turnover growth remained strong in March, rising by 38.3 percent year-on-year (YoY), from a slightly upwards revised 34 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit deepens in Mar, reaching 6.45 bln for Q1
Greece posted a current account (C/A) deficit of 2.33 billion euros in March, from a deficit of 2.12 billion euros in February, Bank of Greece (BoG) data showed on Friday.