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March sees first retail sales fall for two years, volumes show consumption diving
EconomyMacroeconomyand non-food up by just 0.1 percent. According to the latest business indicators for May, consumer... in May to 14.8 points, from 27.2 in the previous month, up 14 points from June last year. Overall, economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after
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Opinion poll offers Mitsotakis encouragement in quest for majority
PoliticsGreek PoliticsThe latest opinion poll to be published since the May 21 elections has provided New Democracy..., down 1 point on May 21, and PASOK 11.7 pct. The Communist Party (KKE) is projected to receive 7.6... more parties – Plefsi and Niki – entering Parliament compared to the May 25 results, Kyriakos
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Mitsotakis not taking majority for granted despite encouraging poll numbers
PoliticsGreek Politicswho voted for his party on May 21, just over 2.4 million Greeks, to do so again on June 25. He also... pct threshold for electing MPs on May 21. The New Democracy leader accused Niki of holding positions... be limited to only 149 seats. Such a scenario looks far-fetched based on the May 25 result and the opinion
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Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ
EconomyMacroeconomyin the Stability Programme that was sent to Brussels in early May, the growth outlook is improved to 2.3 pct..., published mid-May, the Bank of Greece reiterates its growth outlook of 2.2 pct in 2023, with consumption... outlook on Greece for this year in its latest forecast also published mid-May. It now expects the Greek
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Tsipras resignation opens up debate about SYRIZA's future
PoliticsGreek Politicssecond election campaign after the defeat in May. Temponeras is not presently an MP, which would... and political nous. Further candidates may emerge from groupings such as the “umbrella” movement... that several candidates for the new party had stood for Kasidiaris’s party Ellines in the May elections
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Newsletter 388 - 07/07/2023
that the deadline may be extended. The vote for a new leader is due in early September, following... up pace from May. S&P notes that the growth rate was affected by some reports of customer hesitancy.... Interest rates The interest rate spread for loans widened in May, reaching 5.76 pct for new loans
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Newsletter 389 - 14/07/2023
. It is clear that after seeing its support plummet in the May and June elections, SYRIZA has to move... a large part of its pledges during the election campaigns of May and June and a market foray... production growth in May slowed to 1.4 pct YoY, from 4.1 pct recorded in the previous month
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Newsletter 390 - 21/07/2023
and the importance of fiscal prudence, it may be easier to blame tight budgets over the coming years on tax... accelerated in May, falling by 13.6 pct, after a drop of 7.6 pct in the previous month... since February 2021. That said, in May last year with a 54 pct YoY jump the index posted its highest
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Deposits jump to highest since 2011 in Jun as corporate savings record significant rise
EconomyMacroeconomyin June, from a positive flow of 794 million euros in May, based on the latest Bank of Greece (BoG... percent in May and 3.7 percent in April. The outstanding balance of private sector deposits in June... a 787 million euros rise in May.
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Drop in industrial turnover accelerates in June, falling by 17.2 pct YoY
EconomyMacroeconomy-on-year (YoY), from a 13.5 percent decrease in May, according to data released by the Hellenic... recording much more modest growth rates in recent months. In May last year, with growth of 54 percent... in the Greek manufacturing sector have improved, with July’s growth the strongest since May 2022
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