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Car sales remain in forward gear with 7.7 pct YoY rise in Oct
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Manufacturing drives industrial production increase of 6.8 pct YoY in Sep
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
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Trade deficit narrows by 13.6 pct YoY in Sep on back of oil effects
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Hiring balance turns negative in Sep on as tourism season winds down
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Manufacturing grows in Oct amid persistent export challenges and higher input costs
Spotlight on challenges to labour productivity growth
Labour productivity has been an ongoing challenge for the Greek economy even before the 2010 debt crisis and is set to become more prominent from 2028 as it will be one of the components of the formula that will determine the minimum wage.
The current consultation process, which has essentially been grandfathered from the adjustment programmes, will be replaced by a mathematical calculation that will be based on inflation for the most vulnerable households, the 20 pct of the lowest income...
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