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  1. Wage rises become top issue but trajectory lined with obstacles
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to return only when unemployment would drop below 10 pct. The latest Stability Programme that the Greek... employment has increased by an impressive 19 pct, despite the 6 pct drop that was observed in 2020 due

    6%

  2. Unemployment rate drops to 10.8 pct in May, youth figures improve to 24 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2022, amounting to 506,184, a drop of almost 16 percent. Unemployment is now approaching the half... percent, a drop of 1.7 pps year-on-year. Youth unemployment dropped by almost 9 pps year-on-year to 24

    6%

  3. CPI drops in Jun on back of lower energy costs, but food prices continue to climb
    Photo by MacroPolis

    EconomyMacroeconomy

    increased by 7.7 percent. These were partially offset by a sizable drop of 11.7 percent in housing due... percent. Communications were also down by 2.7 percent. In June there was a notable drop in electricity

    6%

  4. Trade deficit widens in May as exports contract by 15.4 pct
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit recorded a drop of 11 percent year-on-year (YoY) in May, after a solid drop of 22.9 percent in April, according to data released by ELSTAT on Friday. The deficit came to 2.94 billion euros for May. Imports totalled 7 billion euros, dropping by 13.6 percent YoY. Exports

    6%

  5. Industrial production growth slows to 1.4 pct annually in May, only manufacturing expands
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in May recorded a drop of 0.6 percent, from a decrease of 1.9 percent in the previous month... points to 4.3, after a 2.2 points drop in May. Since July last year, industry confidence is up by almost

    6%

  6. Import prices fall sharply in May as energy drops by 40.5 pct

    EconomyMacroeconomy

    rises, this year’s numbers have a significant base effect. Month-on-month, the index posted a drop... percent, refined petroleum products with a drop of 8.2 percent and extraction of oil and natural

    6%

  7. Newsletter 390 - 21/07/2023

    Newsletters

    refuse to drop and have been even growing for the last three months, despite the tamed energy prices... accelerated in May, falling by 13.6 pct, after a drop of 7.6 pct in the previous month

    6%

  8. Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent. The profit was adjusted by normalising other... and restructuring costs. Net profit was 684 million euros vs. 940.7 million euros in 2022, a drop of 27.3

    6%

  9. Unemployment rate hits 11.1 pct in June as recovery loses steam
    Photo by MacroPolis

    EconomyMacroeconomy

    , amounting to 523,409, a drop of over 10 percent. Unemployment is now approaching the half million-mark..., a drop of just 0.2 pps year-on-year. Youth unemployment dropped by 8 pps year-on-year to 23.6 percent

    6%

  10. CPI resumes upward trajectory in July, food inflation at 12.3 pct
    Photo via Flickr https://flic.kr/p/6KMfsR

    EconomyMacroeconomy

    by 5.2 percent and health increased by 7.8 percent. These were partially offset by a sizable drop... there was a notable drop in electricity that was down 16.2 percent annually, while natural gas also

    6%