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Manufacturing grows in Aug thanks to rise in new sales: optimism highest since 2024
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Growth of retail sales slows to 4.2% YoY in July as volumes data reveals price pressure
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Unemployment rate stable at 7.9% in July
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Energy propels 11.8% YoY increase in producer prices, as all categories rise
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Building activity eases in May with marginal 0.8% YoY drop
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Economic sentiment moderates further in Aug, as consumer confidence rises
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.
The PBO notes that the economy grew by 2.1 pct year-on-year (YoY) in Q1, which it describes as a more normal growth rate following a turbulent period that started with the pandemic and was followed by the energy crisis that accompanied the Ukraine war.
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