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  1. Newsletter 428 - 21/06/2024

    Newsletters

    to yield results in the form of a drop in inflation, however he acknowledged that the real goal... by manufacturing, industrial turnover jumped by 18 pct in April, from a drop of 6.1 pct in the previous

    21%

  2. Greece's ongoing divestment from banking sector creates new lender, stirs controversy
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyBanking

    that Thrivest executes its own, which will see the Greek state holding drop to 35-37 pct. In this way... participation in the Hercules III APS will drop its NPE ratio to 3 pct, from 60 pct that is the respective

    21%

  3. June unemployment rate at 9.6 pct as seasonality favours labour market
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2023, amounting to 456,663, a 15.8 percent drop. Unemployment dropped back below the half million... drop of 4,800 jobs. For the first half of 2024, the hiring balance was positive by 339,208 jobs

    21%

  4. Late Easter helps retail sales rise by 14.3 pct YoY in May
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday..., the seasonally adjusted index rose by 10.8 percent, after a 5.9 percent drop in the previous month. The volume

    21%

  5. Utilities and energy drive industrial production rise of 9.5 pct in June
    Photo via Flickr https://flic.kr/p/faksxt

    EconomyMacroeconomy

    , after a drop of 3.4 percent in the previous month. The annual movement in the index reflects a 5.2... in water supply, partially offset by 0.8 percent drop in manufacturing and 5 percent in mining

    21%

  6. Unemployment rate edges up to 9.9 pct in July
    Image: MacroPolis

    EconomyMacroeconomy

    compared with the same month of 2023, amounting to 465,167, an 11.8 percent drop. Unemployment... last year saw 28,761 more hires, a year-on-year drop of 4,800 jobs. For the first half of 2024

    21%

  7. Newsletter 432 - 06/09/2024

    Newsletters

    by one percentage point next year, rather than the 0.5 that had been planned. Another 0.5-point drop.... The ministry said that Greece had the largest drop in unemployment, the cumulative growth

    21%

  8. Deposits resume growth in Aug, rising to 195.36 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    The net private sector deposits in the Greek banking system resumed growth in August with a rise of 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece... billion euros, after an 868-million euros drop in July.

    21%

  9. New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    accelerating from 2.1 pct this year to 3.6 pct in 2025. The unemployment rate will drop to 9.7 pct in 2025... of this year. The longer-term horizon estimates debt-to-GDP to drop to just short of 115 pct of GDP

    21%

  10. PMI at 50.3 in Sept after falling for six straight months, posting weakest reading in a year

    EconomyMacroeconomy

    . Manufacturers responded with lower production volumes, leading to the first output drop in 20 months... production costs to customers. There was also a renewed drop in employment, and although job losses

    21%