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  1. Newsletter 223 -11/10/2019

    Newsletters

    percent in July from a slightly upward revised of 17.1 percent in June, Hellenic Statistical Authority’s..., employment decreased by 10,167 people compared to June. Year-on-year, the figure for those employed... labour force came to 4.71 million in July, falling by approximately 26,600 compared to June

    3%

  2. Govt lays out recovery plan to October, launches tourism roadmap
    Photo by MacroPolis

    PoliticsGreek Politics

    of minimising job losses. Emergency benefits and rent discounts have been extended into June... by the Hellenic Development Bank’s Guarantee Fund which will begin accepting applications in June... connections. According to the plan, year-round hotels and campsites will open on June 1, followed

    3%

  3. Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    in mining and quarrying. In other indicators, Manufacturing PMI dropped by 2.7 points in June to 51.1 points, according to S&P Global data released on Friday. June’s PMI captured only a marginal... Commission’s business indicators for June, industry confidence fell sharply to 0.3 in June, from 5.8

    3%

  4. Economic sentiment slides by 3 pts in July to lowest in over a year, construction mood sours
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    by 3.7 points in June, according to European Commission figures released on Thursday. Economic... points, down by 4.5 points from June. The recovery in Greece’s consumer confidence, which began... Expectations Indicator (EEI) came to 110.3 in July, from 110.8 in June. The EEI is up 2 points in the rolling

    3%

  5. Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    The rise in Greece’s trade deficit slowed down in June, but still increased by a sizable 42.7... jump in May. The deficit came to 2.84 billion euros for June. Imports totalled 8.26 billion euros... compared with June last year. One needs to go back to early 2010 to find this level of trade deficit

    3%

  6. Growth in private sector deposits slows to 483 mln in July as corporate deposits drop
    Photo by MacroPolis

    EconomyMacroeconomy

    to the lowest since April, rising by 483 million euros, from a jump of 2.72 billion euros in June, and 1.31... percent, down from the 6.9 percent in June, and the 6.3 percent in May. The outstanding balance of private sector deposits stood at 182.93 billion euros, from 182.33 billion euros in June, reflecting

    3%

  7. Tsipras identifies failings, tries to rally SYRIZA as Androulakis attempts to tread own path
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    Greece to the June 25 elections was due to be sworn in on Friday but most of the attention... that Kyriakos Mitsotakis is a few seats short of a majority on June 25. Speaking to SYRIZA’s central... after the June 25 vote. Tsipras also gave no indication that he intends to step down from the party

    3%

  8. Mitsotakis sticks with stability mantra as SYRIZA looks for new approach
    Image: www.primeminister.gr

    PoliticsGreek Politics

    elections, hoping that this will drive New Democracy to a clear majority in the second vote on June 25... ballot so that it does not lose its status as the main opposition party on June 25. Mitsotakis gave... seats. The danger for New Democracy on June 25 is that the wide margin of victory in the first vote

    3%

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

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) dropped below the ECB’s target of 2 pct in June, with a reading... consecutive months. In June 2022, the CPI was up by 12.1 percent YoY as the wave of inflation was in full... pushing upward since. The highest annual increase reading of 2022 was in June with 12.1 percent

    3%

  10. Economic sentiment indicators inch up again in July
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) recorded a 1-point rise in July, after a 2-point increase in June... of the previous month. The euro area’s ESI was 94.5 points, also down from the 95.3 points of June. July’s... in July to 114.5, after rebounding by 1.5 points in June. The EEI is up by roughly 12 points

    3%