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Traditional sectors carry burden of job creation as unemployment levels fall
EconomyMacroeconomyon the recovery path it has been following since July 2013, when monthly unemployment rate peaked at 28 pct... on Wednesday and, for the time in more than a decade, the rate was under 13 pct, landing at 12.8 pct.... The latest available quarterly figure is up to Q3 2021, where the rate is seen at 13 pct, aligned
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Newsletter 335 - 15/04/2022
taxes were rising by a rate of 1 billion euros monthly. It was always a concern that households... quarter of the year and interest rate rises will follow. Greece had enjoyed the lowest borrowing... monthly unemployment rate was stable at 12.8 pct in March, from a slightly revised 12.9 pct in February
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Newsletter 342 - 17/06/2022
announced a path for interest rate rises from July that would reach 75 points by September.... With the Fed announcing this week a rate hike of 75 basis points, the highest since 1994, it is beyond... improving from last year’s rate of 17.2 pct as the number of employed increased significantly year
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
EconomyMacroeconomy, in the fastest rate of contraction since early 2021. There is anecdotal evidence that price hikes... for the second time in the last four months and at the sharpest rate since January 2021... higher costs to clients via selling prices, with the rate of inflation now well above the series
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Tailor-made Maastricht criteria for Greece?
Agora(shrinks with a surplus). Nominal GDP grows each year with the nominal growth rate. Governments aim to stabilize both the deficit and GDP growth rate within a narrow band, because large swings... interesting detail is that the 5 percent nominal growth rate can be thought of as 2 percent
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Newsletter 361 - 02/12/2022
rate currently stands at 1.5 pct, marking the fastest policy tightening the eurozone’s central bank... decisions to their variable rates. Variable mortgages use the 3-M Euribor as reference rate and apply... hesitancy among customers, with some reports of cancellations. The rate of inflation remains
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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
EconomyMacroeconomy, with the weighted average rate on loans climbing to over 5 percent, at 5.06 percent at the end of 2022... in July when loans responded to the rate hikes of the ECB. Household deposits had a rate of just 0.09... funded by their own contributions that subsidises half of the added cost in payments from the rate hikes
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Manufacturing posts back to back growth in March as PMI rises to 52.8 pts
EconomyMacroeconomyto the strongest rate of growth since May 2022. The main driver of the successive months of overall expansion.... There was also a notable slowdown in the pace of output charge inflation and the rate of increase... rising at a solid rate, which was the sharpest for almost one year. “Greek manufacturers indicated
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Workers lost almost 9 pct of real income last year, research shows
Societypct in 2012 and 2013 and the rate had been de-escalating up to 2021, when it recorded a rise... pct in 2010 and 2016, landing at 16 pct in 2021, while the same rate for households without children... of 18-24 years is in the region of 16 pct, with the same rate for those over 50 years is around 13 pct
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Newsletter 396 - 06/10/2023
to an unemployment rate of 10.6 pct, based on the labour force survey. The growth outlook of the Greek... over the next year, reaching a ten-month low. Unemployment The unemployment rate records..., the rate has not managed to make any significant progress and distance itself from the 11 pct rate. It came
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