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Industrial production drops by 7.5 percent in May
EconomyMacroeconomypercent decrease in the mining and quarrying index, followed by a drop of 8.4 percent in manufacturing... to the same period in 2019. The aggregate was driven by a 8.7 percent drop in the electricity supply index and a drop of 3.3 percent in both the manufacturing index and the mining and quarrying index
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Trade deficit falls by 10.3 pct in June
EconomyMacroeconomyGreece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed... a drop of 9.2 percent YoY. At the same time, exports totalled 2.55 billion euros, recording a drop of 8.5
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Decline in car sales continues with 14 pct YoY fall during July
EconomyMacroeconomyin July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic..., 49,748 were new vehicles, registering a drop of close to 40 percent. Passenger car sales fell by 32.6..., with the aggregate figure showing a fall of 15.6 percent. The sharp drop in vehicle purchases noted
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Trade deficit falls by 17.1 pct in July
EconomyMacroeconomyGreece’s trade deficit fell by 17.1 percent year-on-year (YoY) in July compared to a drop of 10.3 percent in June, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed... a drop of 12.7 percent YoY. At the same time, exports totalled 2.88 billion euros, recording a drop
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Trade deficit falls by 27.1 pct in August
EconomyMacroeconomyGreece’s trade deficit fell by 27.1 percent year-on-year (YoY) in August compared to a drop of 17.1 percent in July, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed... a drop of 19.6 percent YoY. At the same time, exports totalled 2.06 billion euros, recording a drop
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomy, to fall by more than 10 pct annually. Beyond that, Athens sees a moderate drop in the last quarter... even deeper than the second quarter drop. In the medium-term, the Fund expects Greece to return... pct of GDP deficit in 2019. In 2021, the deficit will drop to 4.5 pct and more in line
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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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