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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
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Jobs in education lead negative hiring balance of 20,728 in July
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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
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PMI improves significantly in Aug, despite exports orders falling for four straight months
Wage index drops by 1.7 pct YoY in Q3 for first decline in two years
Greece’s seasonally adjusted (SA) Wages Index went in contraction in Q3, dropping by 1.7 percent year-on-year (YoY), from 7.3 percent growth in the second quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
The wages index captures employees’ gross earnings, including salaries, bonuses, extraordinary payments (Christmas and Easter bonuses as well as annual leave) and payments for non-working days (holidays, national holidays, and maternity leave).
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