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Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution
EconomyMacroeconomyThe budget primary balance in November was confirmed at a surplus of 5.83 billion euros, compared... to November showed a deficit of 1.03 billion euros, from a 5.65-billion-euro deficit in 2022... against the initial budget submission of November 2022. Revenues Net revenues for the period stood
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Dependency on tourism highlighted by negative hiring balance of 82,463 in Nov
EconomyMacroeconomyGreece’s employment balance stayed negative in November, with 82,463 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in November... hirings in November came to 223,119 versus 305,582 departures. Voluntary departures accounted
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Newsletter 407 - 12/01/2024
pct in November last year, from a high of 12 pct in September 2022. However, food and non-alcoholic beverages climbed in November last year by six percentage points above the headline number to 9 pct... in November, an annual drop of 28.6 pct. The movement has significant base effects as the deficit has
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Close to 32 mln visitors by Nov as 11-month travel receipts set record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 206.2 million euros in November, from 1.5 billion euros in October, according to Bank of Greece (BoG) data released on Monday. November’s balance was 3.9 percent higher than the 198.5 million euros registered in November 2022. The balance in November
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Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations
EconomyMacroeconomypercent year-on-year (YoY), up from 2.8 percent in November, Bank of Greece (BoG) figures released... of 792 million euros in November, with a mixed flows picture in the last few months. The outstanding balance increased to 118.41 billion euros, from 113.26 billion euros in November. The corporate
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PMI posts moderate drop in Nov, difficulties in supply chain persist
EconomyMacroeconomyGreece’s Manufacturing PMI recorded a moderate drop in November, falling to 50.9 points, from 51.2... slowest in a year, though stronger than the long-run series average. In November, Greek manufacturers... and a reduction in temporary workers, making November’s job shedding the joint-sharpest since
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CPI stable at 2.4 pct in Nov, food inflation lowest since 2021
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) was stable in November with a rise of 2.4 percent... in November was 2.8 percent, from 2.9 percent in the previous month. Month-on-month, the CPI decreased by 0.4 percent, from no movement in October. In November 2023, the CPI was up by 3 percent YoY
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Final Nov budget data reaffirms solid finances as underspend boosts primary surplus
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 12 billion euros in November, compared... Ministry (MoF) budget execution data released on Friday. Up to November, the budget primary balance... revenues came to 66.72 billion euros. The total budget balance for November showed a surplus of 4.38
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Trade deficit jumps 18.7 pct YoY in Nov, 11M deficit at 31.51 bln
EconomyMacroeconomyGreece’s trade deficit rose sharply by 18.7 percent year-on-year (YoY) in November, after a rise... billion euros for November. Imports totalled 7.21 billion euros, rising by 3.2 percent YoY. Exports totalled 4.02 billion euros. A decrease of 6.5 percent compared with November 2023. In November
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Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 419.9 million euros in November, compared to 1.94.... The November balance was 82.7 percent higher than the 229.9 million euros recorded in November 2023. In November 2022, the balance was 198.5 million euros. Receipts for the month were 617.9 million euros
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