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New Democracy and PASOK challenged by arrival of new parties
PoliticsGreek Politics, but its support among younger voters, the self‑employed and farmers - groups that were crucial... dynamics of the new parties are revealing. ELAS draws 56% of its support from former SYRIZA voters and 28..., draws support from across the spectrum, including ND, ultraorthodox Niki and right-wing Greek Solution
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomyThe seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged at 27.3 percent in the preceding three months, according to the Hellenic Statistical Agency (ELSTAT). The evolution of the May headline figure reflects a...
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Industrial production edges up 1 pct in April after double-digit growth in previous two months
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) edged up by 1 percent in April after upward revised growth of 10.1 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. Although the headline figure for April is the seventh succes...
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PMI at 52.1 in October, dropping slightly from previous month
EconomyMacroeconomyGreece’s Manufacturing PMI dipped slightly by 0.7 points in October to 52.1. Although the latest headline figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth consecutive month. The report by Markit stated ...
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February deposit balance positive by 59 mln, reversing previous month's outflow
EconomyMacroeconomyNet deposit movement in the Greek banking system returned to positive territory in February with inflows of 59 million compared to outflows of 1.40 billion euros in January, Bank of Greece (BoG) figures revealed on Tuesday. The headline figure for the m...
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Industrial production down by 4.9 pct YoY in May but picks up from previous month
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. Month...
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Industrial turnover drops by 3.8 pct in June, slowing from previous months
EconomyMacroeconomyGreece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop of 30.4 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed. After two preceding months where the headline figure fell ...
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CPI shoots up by 8.9 pct YoY and 2.7 pct on previous month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up more pace in March, rising by 8.9 percent year-on-year (YoY), from a 7.2 percent increase in February, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI...
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped by 4.5 billion euros in January, reversing December’s impressive rise, when it jumped by 5 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. D...
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Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
EconomyMacroeconomyBuilding permits closed last year on a growth trajectory thanks to a rise of 16.1 percent year-on-year (YoY), after an increase of 9 percent in November, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The to...
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