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Growth of retail sales slows to 8.8 pct in Dec amid decline in volume of food sold
EconomyMacroeconomyThe growth in Greece’s retail sales slowed down in December, rising by 8.8 percent year-on-year.... Compared to December 2021, automotive fuel was up 6.6 percent, non-food was up by 10.9 percent... was significantly upwards revised to -41.4 points, from -47.9 points in December, showing an impressive
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Industrial production up by 0.5 pct in Jan, electricity supply drops
EconomyMacroeconomypercent year-on-year (YoY), after falling by 1.4 percent in December, according to Hellenic... the 47.2 points of December. Greece’s Manufacturing PMI remained in contraction at the start of 2023 at 49.2 points, eased off though from the 47.2 points of December, according to S&P Global data
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Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
EconomyMacroeconomyGreece’s industrial turnover remained strong in January, rising by 17.7 percent year-on-year (YoY), from 16.6 percent in December, according to data released by the Hellenic Statistical Authority... from the 47.2 points of December, according to S&P Global data. December’s PMI marks seven months
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Economic sentiment stable in Nov, consumer confidence slides further
EconomyMacroeconomyperiod, the ESI in November was 2.3 points up from the 103.9 points of December 2022. The EU average... in November. Since December last year, industry confidence is down by almost 4 points. The services index.... Retail trade recovered almost 4 points to 19.5, up by 14 points from December last year. Construction
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Car sales jump by 30.1 pct in Dec, marking 16.1 pct rise in 2023
EconomyMacroeconomyin December, growing by 24.8 percent year-on-year (YoY), after a 24.3 percent rise in November, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In December 2022, the year-on-year change was a rise of 1.3 percent. Car sales in December came to 15,581 compared to 11,976
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Timing factors, underspend lead to budget outperformance of 4.54 bln in 2023
EconomyMacroeconomyThe budget primary balance came to a surplus of 3.69 billion euros for the full year in December... notes that the overperformance is mainly due to the collection in December 2023 of the amount.... Expenditure In December, overall expenditure stood at 70.77 billion euros, below the target by 2.77 billion
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Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
EconomyMacroeconomyby 4.7 percent. Greece’s Manufacturing PMI experienced marginal gains in December, remaining in expansion... indicators for December, industry confidence was further into negative territory to -5.7 points, dropping..., economic sentiment (ESI) experienced another marginal drop of 0.4 points in December, the same
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Newsletter 408 - 19/01/2024
government as the latest data for December showed that headline inflation picked up pace and food prices... CPI that stood at 3.5 pct year-on-year (YoY) in December, up from 3 pct in the previous month... prices was up by 8.9 pct YoY in December, barely changed from the 9 pct of the previous month
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Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly picked up pace in December, rising by 3.6... on Friday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009... flow of 21 million in December, from a negative flow of 65 million in November. Consumer credit
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Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
EconomyMacroeconomy, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros... in December was 3.1 percent year on year (YoY), from 2.4 percent in the preceding month. The outstanding balance of private sector deposits in December stood at 194.79 billion euros, reflecting corporate
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