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Unemployment rate broadly stable at 8.1 pct in Aug
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PMI drops to 52 pts in Sep as manufacturing sector continues to grow
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Producer prices contract 1.7 pct YoY in Aug due to energy drop
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Retail sales up by 4 pct YoY in July as inflation drives volume rise of 2.1 pct
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Economic sentiment drops sharply in Sep, consumer confidence at highest since June
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Despite rise of 6.1 pct YoY in June, building permits down 13.8 pct in H1
Conflict in Middle East puts fresh pressure on economy
The relative stability and calm that the Greek economy profited from over the last couple of years has started to look like a thing of the past over the past few days as tension in the Middle East flared up, threatening a protracted conflict in the region, which will have a global impact and will affect the growth outlook for Greece.
The side-effects of the crisis can affect the Greek economy through several channels. However, the main concerns are the inflationary pressures, mostly via energy and transport, the current account deficit and tourism.
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