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Business loans drive 7.7% YoY credit growth in June
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Corporate inflows in June push deposits to highest point since April 2010
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VAT and underspend drive budget outperformance in first six months
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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
Industrial production drops for first time in 2023, down 3.6 pct in June
Greece’s Industrial Production Index (IPI) contracted in June, falling by 3.6 percent year-on-year (YoY), after rising by an upwards revised 1.9 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
The index had been growing in the first five months of 2023, with June’s print being the first negative reading since December 2022.
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