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  1. Industrial production drops for first time in 2023, down 3.6 pct in June
    Image via www.viohalco.com

    EconomyMacroeconomy

    ), the seasonally adjusted index in June recorded a drop of 1.5 percent, after a contraction of 0.6 percent... percent and 0.6 percent in manufacturing. The manufacturing index drop was in coke and refined

    6%

  2. Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble

    EconomyMacroeconomy

    unchanged at 115.3 points in August, after a sharp drop of more than 8 points in July. The EEI is up... a 6.6-point drop to 38.4, after an 8.4-point rise in July. Services confidence is now 4.5 points

    6%

  3. Strong tourism season has little impact on unemployment, hovering at 10.8 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    compared with the same month of 2022, amounting to 512,721, a drop of 12.5 percent. Unemployment... the rate for men stood at 8.7 percent, a drop of 0.7 pps year-on-year. Youth unemployment dropped by 6

    6%

  4. Newsletter 392 - 08/09/2023

    Newsletters

    decreased by 1.2 pct and imports increased by 1 pct. The export drop was led by a decrease in goods by 9.8... year, with a drop of 21 pct YoY in July, from 14.9 pct in June. The deficit came to 2.45 billion

    6%

  5. CPI maintains upwards trend with 2.7 pct rise in Aug, food inflation at 10.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    drops, rising by 1.6 percent. These were partially offset by a sizable drop of 12.6 percent in housing... down by 3.1 percent. In August there was a notable drop in electricity that was down 6.5 percent

    6%

  6. Credit net flows remain negative in Aug, growth at just 0.9 pct YoY
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    in August, after a 1.4 billion euros drop in July, with back-to-back net contraction... lending balance’s net monthly flow was negative by 319 million euros, after a drop of 1.18 billion euros

    6%

  7. Consumer confidence takes 10-point dive in September
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points, after a 0.7-point increase in August, according to European Commission figures released on Thursday... unchanged at 36.8 points, after a sharp drop of 6 points in the previous month. Services confidence

    6%

  8. Unemployment rate remains lodged near 11 pct after no change in Aug
    Photo by MacroPolis

    EconomyMacroeconomy

    , amounting to 512,193, a drop of 12.2 percent. Unemployment is now approaching the half million-mark..., a drop of 0.9 pps year-on-year. Youth unemployment dropped by over 7 pps year-on-year to 22.5

    6%

  9. IMF forecasts high primary surpluses, tempers growth expectations
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    . The unemployment rate is expected to drop below 10 pct by next year, reaching 9.3 pct from 10.8... of GDP. According to the forecasts, the general deficit will drop below 1 pct of GDP next year

    6%

  10. S&P awards investment grade, bringing arduous cycle for economy to a close
    Photo by MacroPolis

    Economy

    , a development that would affect the debt reduction effort. The debt load is expected to drop to 146 pct... continues to drop from the combination of solid primary surpluses and structural reforms that would

    6%