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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
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Retail sales grow strongly in Aug with 5.3 pct YoY rise
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Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
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Economic sentiment picks up in Oct, consumer confidence sliding again
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Unemployment unchanged at 8.2 pct in Sep
Government hails rising wage data, but full picture tells more complex story
The issue of wages resurfaced in the public debate last week after the government launched a communication offensive and briefed the Greek media that, based on Eurostat data, incomes in Greece have significantly improved.
According to government officials, the latest Eurostat data for 2024 showed that annual incomes in Greece since 2019 have increased by 24 pct, a development that places Greece in the middle of the EU table in terms of annual earnings.
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