Macroeconomy
Producer prices triple YoY and increase by 4.9 pct MoM
Greece’s Producer Price Index (PPI) continued its meteoric rise in February, when it jumped by 33.6 percent year-on-year (YoY), after another solid increase of 31.6 percent in January, ELSTAT data said on Wednesday.
Economic sentiment holds in Mar as consumer confidence falls sharply
Greece’s economic sentiment (ESI) dropped by 0.8 points in March to 113.2 points, from 114 points in February, according to European Commission figures released on Wednesday.
Net credit flow turns positive in Feb: 1.4 pct rise led by loans to corporations
Credit movement in the Greek private sector accelerated to 1.4 per percent year-on-year (YoY) in February, from 0.9 in January and 1.4 percent also seen in December, Bank of Greece (BoG) figures released on Monday showed.
Start of 2022 sees back-to-back negative deposit flows for first time in three years
The net private sector deposit movement in the Greek banking system in February remained negative, though much contained at 260 million euros, from negative flow of 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Monday.
Building activity ends 2021 on the up, rising by 26.6 pct annually
Last year ended on a high with respect to the number of building permits issued in Greece, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Feb budget primary surplus confirmed at 840 mln, as revenues overperform
The budget primary balance for the first two months of 2022 was confirmed to be a surplus of 840 million euros, compared to a deficit of 1.5 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Travel surplus of 60.8 mln in Jan substantially higher than a year earlier
Greece’s travel balance recorded a surplus of 60.8 million euros in the opening month of 2022, from 64 million euros in December, according to Bank of Greece (BoG) data released on Thursday.
Current account deficit rises to almost 2 bln in Jan, highest since 2011
Greece posted a current account (C/A) deficit of nearly 2 billion euros in January, from 1.71 billion euros in December, Bank of Greece (BoG) data showed on Wednesday.
Property prices rise again in Q4 2021, taking full-year increase to 7.1 pct
The rise in the nominal value of apartments in Greece accelerated to 9.1 percent year-on-year (YoY) in the last quarter of 2021, from an upwards revised 8.3 percent in the third quarter, Bank of Greece (BoG) data released on Tuesday showed.
Hirings turn positive, but with low balance, in Feb
Greece’s employment balance turned positive in February with 15,189 more hirings than departures, according to data from the Labour Ministry’s Ergani information system.