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Inflation slows to 11.6 pct in July as housing and transport costs rise sharply
EconomyMacroeconomyof 1.6 percent in June. This is the first monthly drop since January this year and the second since.... These were partially offset by a drop of 2.1 percent in communication. Reflecting the impact of the energy crisis, electricity was up 55.8 percent annually and natural gas shot up by 178.9 percent. Heating
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Opposition pushes for phone-tapping probe as early polls claim limited damage to ND
PoliticsGreek Politicson the revelations. This translates into a 1.7 percentage point drop in support for New Democracy from.... Support for SYRIZA has edged up by almost 1 point to 25.1, while PASOK saw an increase of 1 point..., and the cost of living in particular, rather than the phone-tapping issue. This is backed up by a Marc poll
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CPI growth slows to 8.5 pct as electricity prices record rare 5.3 pct YoY fall
EconomyMacroeconomynot grow monthly. In November 2021, the CPI was up by 4.8 percent YoY as the wave of inflation... by a drop of 2.1 percent in communication. There was a notable drop in November in electricity that was down 5.3 percent annually, while natural gas shot up by 27.8.4 percent. Heating oil also moved
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Industrial production growth accelerates to 5.2 pct in Feb, electricity supply contracts again
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) picked up strength in February, rising by 5.2 percent..., the index is up by 3.1 percent annually. Month-on-month (MoM), the seasonally adjusted index in February recorded a rise of 4.8 percent, after a drop of 1.3 percent in the previous month. The annual
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Industrial production drops 0.2 pct in March on back of 28.1 pct electricity supply decline
EconomyMacroeconomyyear-on-year, after it had picked up strength in February, rising by 5.2 percent according to Hellenic... territory. During the first three months of 2023, the index is up by 1.8 percent annually. Month-on-month (MoM), the seasonally adjusted index in March recorded a drop of 0.4 percent, after a rise of 4.8
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Import prices fall sharply in May as energy drops by 40.5 pct
EconomyMacroeconomyThe contraction of Greece’s import price index picked up further pace in May, as it fell by 20.8... 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
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Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
EconomyBankingof 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... in H1, up from 28.2 percent in 2022. The H1 cost of risk - or provisions over average net loans
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IMF forecasts high primary surpluses, tempers growth expectations
EconomyMacroeconomy. The unemployment rate is expected to drop below 10 pct by next year, reaching 9.3 pct from 10.8..., from 1 pct in 2023 and remain above 2 pct for the whole forecast horizon up to 2028 at 2.2 pct of GDP. According to the forecasts, the general deficit will drop below 1 pct of GDP next year
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
EconomyBankingof 924.2 million euros last year, a drop of under 1 percent. The profit was adjusted by normalising... and restructuring costs. Net profit was 980.1 million euros vs. 1.11 billion euros in 2022, a drop... percent YoY to 672.7 million euros. This took the cost-to-income ratio to 33.1 percent in 9M, up from
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Retail sales back in contraction for Jan, as volumes fall by 8.9 pct
EconomyMacroeconomyGreece’s retail sales went into contraction in January, with a drop of 2.3 percent year-on-year..., automotive fuel was down by 3.9 percent, non-food was down by 4.4 percent and food sales were up... sales were up by 0.9 percent. The inflationary effects are reflected in volumes, with fuels down
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