Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month
Unemployment stable at 12.2 pct in August despite strong tourism season
Producer prices up by 39.5 pct in Aug, reversing trend of monthly drops
Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
Economic sentiment recovers 3.4 pts in Sept, buoyed by rise in services
Tourism turnover index slows but signs remain positive
Turnover Index in Accommodation and Food Services rose 1.2 percent in the third quarter 2013, decelerating from the 5.2 percent posted in the second quarter, according to Hellenic Statistical Authority (ELSTAT). The improvement - one again - confirms the strong tourism season in Greece this year.
Indeed, latest Bank of Greece (BoG) data show that travel spending by non-residents to September soared 14.4 percent to 10.7 billion primarily reflecting a rise in non-residents’ arrivals by 15.2 percent over the same period. As a result, travel surplu...
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