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Newsletter 269 -16/10/2020
that, Athens sees a moderate drop in the last quarter of the year. This is its base case scenario, which... being a major drag that could push third quarter GDP even deeper than the second quarter drop... will drop to 4.5 pct and more in line with the recent trend with a current account deficit of 3.6 pct
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Newsletter 270 -23/10/2020
year-on-year (YoY) in August compared to a sharper drop of 16.2 percent in July, Hellenic Statistical... months. The monthly performance was led by a 15.3 percent drop in the manufacturing index... percent. The drop in the domestic market was driven by a fall in manufacturing by 19 percent. The index
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Trade deficit falls by 24 pct in Sept despite slight uptick in exports to EU
EconomyMacroeconomyGreece’s trade deficit fell by 24 percent year-on-year (YoY) in September compared to a drop of 27.1 percent in August, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed... a drop of 16 percent YoY. At the same time, exports totalled 2.56 billion euros, recording a drop
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomydriven by a sharp drop in private consumption by 7.6 pct, investments by 14.3 pct and exports lower by 30.3 pct, reflecting the drop in services. Imports are also seen falling by 17.4 pct, with a rise... will rise by roughly 10 billion euros to 74 billion and T-bills stock will drop by 1 billion euros
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Trade deficit falls by 30 pct in October as imports and exports remain slow
EconomyMacroeconomyGreece’s trade deficit fell by 30 percent year-on-year (YoY) in October compared to a drop of 24 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed... a drop of 16.9 percent YoY. At the same time, exports totalled 2.68 billion euros, recording a drop
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Industrial production drops by 3.7 percent in Oct
EconomyMacroeconomy. The annual movement in the index was driven largely by a 7.2 percent drop in the electricity supply.... The aggregate decline was driven by an 8 percent drop in the electricity supply index, followed by the mining... the fastest since data collection began in May 1999. The decline stemmed from a notable drop in new
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Car sales drops by 12.5 pct in November, declining by nearly 25 pct in aggregate
EconomyMacroeconomycompared to a drop of by 17.6 percent in October, Hellenic Statistical Authority (ELSTAT) data showed..., registering a drop of 30 percent. Passenger car sales fell by 27 percent in the aggregate period... with the tourism industry. However, the sharp drop in vehicle purchases noted from March onwards is indicative
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Trade deficit falls by 18 pct in November
EconomyMacroeconomyGreece’s trade deficit fell by 18 percent year-on-year (YoY) in November compared to a drop of 30 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed... a drop of 9.4 percent YoY. At the same time, exports totalled 2.63 billion euros, recording a drop
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Retail turnover drops by 12.3 pct and volume by 11 pct in December
EconomyMacroeconomyGreece’s retail sales index decreased by 12.3 percent in December following a revised drop of 8.5... was the biggest decrease since April’s drop of 24.5 percent, and shows the impact of Greece’s... by a drop of 27.8 percent in automotive fuel. This was followed by books, stationery and other goods (-26.9
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Labour market developments in Greece during Covid-19
Agora. The summer in Greece is tourist season and employment tends to rise and unemployment tends to drop... growth, is that unemployed people may drop out of the labour market for recession-related reasons... spurt of more people coming into the labour market as economic activity started to drop. This, too
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