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Seasonal jobs push quarterly unemployment to 7.9% in Q2: lowest since 2008
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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
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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