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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economy, the Commission expects the economy to be hit badly by the pandemic, leading to a severe drop of 9.7 pct... pct in 2020 and to rebound by 17.9 pct in 2021. Imports will drop by 18 pct this year and grow.... Private consumption is forecast to drop by 9 pct in 2020 and recover by 7.9 pct in 2021. Government
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Fall in industrial production speeds up in October with 5.2 pct drop
EconomyMacroeconomyThe Industrial Production Index (IPI) took on a faster downward trend in October with a drop of 5.2... digit drop. Note also that the IPI had only four positive year-on-year (YoY) readings since April... a moderate increase of 0.8 percent. The year to date drop stems from a decline in all industrial areas
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Greek building activity drop decelerates to 16 pct in March
EconomyMacroeconomy(ELSTAT). The respective drop in May surface was much softer at -8.2 percent, while volume posted... drop at slightly lower levels (-17.9 percent). The regional breakdown indicates Ionian Islands.... On the flipside, building activity in the Western Greece recorded a single-digit drop at -8.3 percent
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Drop in building permits accelerates to 7.1 pct in Jan
EconomyMacroeconomyThe drop in Greek building permits slightly accelerated to 7.1 percent in January from 6.4 percent... is the eighth straight monthly negative reading for the month and is the second lowest drop over this period... a decline of 16.1 and 11.7 percent respectively, while volume posted a mid single-digit drop of 5.2
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Office prices ease 0.2 pct in 2015, retail prices drop by 3.5 pct
EconomyMacroeconomypercent, which is the slowest drop rate over the past five years. The biggest decreases had been..., shows a cumulative drop by 36 percent. Office rents The figures published by BoG on office rents..., the office rent index has declined by 28.5 percent. In Athens, the relevant index posted a drop of 1.1
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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomyand 69 million respectively. Interest payments was the only expenditure item that posted a drop of 254... that started in mid July and have resulted so far in a net drop in the arrears’ stock by 976 million over... drop of 24 million in the 8-month period. Social security funds’ arrears of 2.85 billion remain
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Fall in apartment prices slows to 0.3 pct in Q4 2017, 1 pct average drop for year
EconomyMacroeconomyThe drop in the nominal value of apartments in Greece came to 0.3 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, slowing from a drop of 0.6 percent in Q3 2017, Bank of Greece (BoG..., the decline in property prices came to an average drop of 1 percent, improving against the drop
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Building activity records another sharp drop of 21.9 pct YoY in Feb
EconomyMacroeconomyBuilding activity recorded another sharp drop at the start of 2025 with a decrease of 21.9 percent year-on-year (YoY) in February, after a drop of 17 percent in January, according to the data... was all negative, with the biggest drop recorded in Ipeiros in north western Greece with 44.5 percent
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Sharper drop for retail sales in July points to lingering recession
EconomyMacroeconomyAuthority (ELSTAT). A similar drop (14.0 percent) was also evident in retail volumes. The picture remains... smoothened out to a mid-single digit drop of 4-5 percent. Monthly volatility in the automotive fuel sector... a decrease of 12.0 percent. It is noteworthy that unlike previous years, the rate of drop in retail sales
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Industrial production continues decline with 7.2 pct drop in August
EconomyMacroeconomyThe Industrial Production Index posted a drop of 7.2 percent in August with the figure... that except for April and June, all monthly readings so far in 2013 exhibit a single digit drop of between... percent respectively), while manufacturing and water supply production showed a moderate drop of 3.8
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