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Strong economic indicators continue, but household pressures persist
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Manufacturing remains in expansion despite October slowdown
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Energy powers producer price jump of 20.4% YoY in Sep, highest since 2022
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Inflation and high tourism season push retail sales up by 8.2% in August
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Unemployment broadly steady at 7.6% in September
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Economic sentiment moderates in Oct as consumer confidence falls sharply
Scope raises rating to 'BBB+' as Moody's ups outlook to positive
Positive developments around Greek sovereign bonds (GGBs) continued last Friday, with Moody’s upgrading its outlook on Greece to positive from neutral, while Scope Ratings raised the country’s credit rating by one notch to BBB+ with a stable outlook.
Moody’s kept Greece at Baa3, one notch behind S&P, Fitch and DBRS, while Scope - after its upgrade - now sits one notch ahead of those agencies. DBRS opened the autumn rating‑review cycle by maintaining its BBB rating and raising its outlook to positive...
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