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Tracking Greece's fiscal performance
Agoraneeds to come down, and when that happens, it remains to be seen if the overall fiscal balance... in 2009-2010, both because the market jacked up Greece’s borrowing costs, and because inflation came down... conditions in Greece and a resumption of growth, real interest rates drifted down again, closely following
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Macroeconomic fundamentals for Greece
Agora. And, what should be the fiscal primary balance that aligns with the need to bring down the towering debt...). In a cyclical context, the population and WAP in Greece may have bumps up and down from year to year... the crisis in 2010-2015. As already noted, to get this number down further would require deeper labor
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Growth in car sales slows to 1.1 pct in April
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time slowed down considerably in April.... The remainder was made up of lorries (2,071) down by 8.7 percent and buses (65) down 43.5 percent... passenger car sales down by 5.4 percent. New buses and lorries were down by 39.1 and 13.1 percent
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Industrial turnover falls by 7.4 pct YoY in April for first drop since early 2021
EconomyMacroeconomy, the index posted the highest growth on record. Manufacturing revenue was down by 7.6 percent... in the domestic market decreased by 2.9 percent, while the non-domestic market was down by 14.4... of 12.1 percent in manufacturing and mining and quarrying down by 30.7 percent. Monthly, the domestic
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Despite annual drop in Sep, producer prices rise for 4 consecutive months
EconomyMacroeconomymarket dropped 4.8 percent annually, led by electricity and gas supply down by 12 percent, electrical equipment down by 7 percent and refined oil products that dropped by 6.9 percent. Goods sold to the foreign market were down also by 2.9 percent YoY, led by electricity and gas supply down by 19
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Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
EconomyMacroeconomyby 18.2 percent YoY, hence some base effects in this year’s rates. Manufacturing revenue was down by 2.6 percent, with the mining and quarrying also down by 7 percent. Manufacturing turnover decreases... was down by 2.5 percent. On a monthly basis, industrial turnover in the total market decreased by 2
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Newsletter 412 - 16/02/2024
in natural gas and electricity as part of housing costs. Natural gas is down by 60.2 pct compared... used in production were down by 5.3 pct, while the cost of agricultural investments has gone up by 4.6... slowed down in January, with the CPI rising by 3.1 pct, from 3.5 pct in December. Growth rates
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Sentiment falls sharply in Feb, consumer confidence continues to slide
EconomyMacroeconomywas the 111.4 points of August 2023. Over the rolling 12-month period, the ESI in February was down by roughly.... The Employment Expectations Indicator (EEI) increased marginally by 0.7 points to 116. The EEI is down... points, dropping by roughly 3 points. Since March last year, industry confidence is down by 7 points
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Survey of 2023 household budgets highlights lasting effects of debt crisis
Societyspending is down by over 20 pct compared to 2008, which is broadly in line with widely reported data that find wages in Greece down by circa 20 in terms of spending power. Since 2008, Greeks have significantly adjusted their spending with the largest cut coming in clothing and footwear which is down almost
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Retail sales suffer sharp YoY drop of 5.1 pct in Dec
EconomyMacroeconomyadjusted index decreased by 2.9 percent. The volume’s monthly movement was down by 3 percent. The annual growth for 2024 was a modest 1.6 percent, slowing down from the 3.6 percent annual growth rate of 2023. Compared to December 2023, automotive fuel was down by 9.6 percent, non-food decreased by 1.4
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