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Energy drives import price drop of 2.1 pct YoY in July
EconomyMacroeconomyGreece’s import price index remained in contraction in July, with a drop of 2.1 percent year... market, and a 0.4 percent drop from the eurozone market. Coal and lignite decreased by 17.2 percent... by 0.2 percent. Non-durables were up by 2.3 percent.
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
EconomyMacroeconomy(YoY), from a 1.8 percent drop in July, according to data released by the Hellenic Statistical... 12-month basis, the industrial turnover was down by 1.8 percent, from a 2 percent drop... month. Since October 2024, industry confidence is up by under one point. Overall, Greece’s economic
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesin 6,370,099 family tax returns (up until 2018 married couples submitted joint tax returns). This marks... on an individual basis fell from 11,500 euros in 2012 to 9,015 in 2017, a drop of 22 percent. Total income tax... of tax returns and paid 42 percent of total taxes, while pensioner households made up 35 percent
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyfar in 2015. Arrears After a marginal drop by 0.6 percent month on month (MoM) in January, arrears... million, making up more than 20 percent of outstanding arrears. Social security funds followed suit with their arrears up by 71 million MoM to 1.89 billion accounting for slightly less than half
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Greece gears up to secure slice of smaller tourism pie this summer
PoliticsGreek Politicstourism season in Q3. Not only would it mean suffering a lower drop in tax revenues than many experts fear, it would also lead to the government having to spend less later this year on propping up... administration has lined up to help the sector, as well as what kind of health protocols will be in place
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CPI at 3.1 pct in Jan, foods up by 8.3 pct
EconomyMacroeconomy. Month-on-month, the CPI decreased by 0.8 pct, from a drop of 0.1 percent in November. In January 2023, the CPI was up by 7 pct YoY, as the inflation wave was beginning to gradually moderate. Still... annually in January, up from 3.7 pct in the previous month. Month-on-month, the HICP was down by 0.9
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CPI at 2.9 pct in Feb, food prices up by 6.7 pct
EconomyMacroeconomy-on-month, the CPI increased by 0.1 percent, from a drop of 0.8 percent in January. In February 2023, the CPI was up by 6.1 percent YoY, as the inflation wave was beginning to gradually moderate. Still... pct annually in February, from 3.2 pct in the previous month. Month-on-month, the HICP was up
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomydisposable income, with latest data showing a 9.3 percent drop in the second quarter of 2013... growth and drop in unemployment arrive. It is worth noting that despite deposit outflows, Greek banks... sharp drop mainly reflects higher interbank lending and lower funding needs on continued deleveraging
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Of symmetry and adjustments in the eurozone
Agoraadjustment. The increase of youth unemployment and the dramatic drop in investment rates, not only... reasons why an export-led model cannot work: The first is the many times recalled fallacy... on an export-led growth model Germany and Europe will be forced to rely on somebody else’s growth
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General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
EconomyMacroeconomymonths of the year, up by 263 million euros compared to the same period last year, according...), interest paid (+94 million) and subsidies (+45 million). A drop of 233 million euros was seen... security funds made up the majority of arrears during the month, followed by hospitals (25.1 percent). Debt
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