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PMI drops marginally in Nov amid declining export orders and rising input costs
EconomyMacroeconomydeclined again with the rate of contraction accelerating amid subdued international demand. Despite softer.... The resulting rate of charge inflation was the weakest in the 27-month sequence of rising output prices... sparking momentum in sales was reflected in a further slowing in the rate of charge inflation
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BoG sees Greek growth resilience, highlights global risks
EconomyMacroeconomyprofile. Real GDP grew by 2.1%, matching the 2024 growth rate and significantly exceeding the euro.... Investment grew at nearly twice the rate of 2024, helping to close the long‑standing investment.... While net interest income fell by 3.8% due to ECB interest rate cuts, net fee and commission income
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Births drop 14 pct since start of crisis as Greece faces wider population worries
Societytime. According to the CIA World Factbook, Greece has the 206th lowest birth rate out of 221... rate with 9.6 deaths per 1,000 people – one of the highest in Europe. Given that Greece already has
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Taking a macro snapshot
Agorawith the unemployment rate seen unchanged in the region of 27%. The Greek manufacturing PMI recorded in March... a marginal rate, though margins remained under considerable pressure due to further declines in factory
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Is VAT all you've got?
Agoracommunicated widely and loudly to visitors, could have been a real boon. Equally, a reduction of the rate... returns but the sluggish rate at which the Greek state is dealing with its arrears means
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Sharper drop for retail sales in July points to lingering recession
EconomyMacroeconomyRetail sales continued heading south for yet another month with the contraction rate accelerating to 14.2 percent in July from a revised 7.7 percent in June, according to Hellenic Statistical... a decrease of 12.0 percent. It is noteworthy that unlike previous years, the rate of drop in retail sales
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomyas a retroactive rate reduction of 286 million in 2013, which are not incorporated in Greece’s fiscal... the unemployment rate, not comparable with ELSTAT data (last figure at 27.9 percent in June), to decrease
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What is the state of play with Greek banks?
Economyreduction of time deposit rate on the new production by c1.40 percentage points to 3.3 percent... deposit balances is much lower at c0.8 percentage points with the respective rate at 3.85 percent
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For Stournaras, it's out of the frying pan and into the heating oil
PoliticsGreek Politicswas purchased) and many households sought to save money by stocking up on fuel before the new rate... flat rate corporate tax in Greece. This formed the basis of his economic plan before he was elected
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Does new troika visit spell fresh drama for Greece? Maybe not
Economy. The 2013 budget foresaw an aggregate unemployment rate of 22.8 percent, which is a few percentage points off the actual rate but through a tight control of spending, Greece is still on track for a primary
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