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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
EconomyMacroeconomyGreece’s 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 improvement in the operating conditions of the Greek manufacturing sector and the slowest in th...
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Industrial production records first back-to-back drop since 2020 in Oct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped further into negative territory in October, falling by 2.5 percent year-on-year (YoY), after a decline of 1.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on ...
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Jan current account in surplus, trade balance worsens as exports drop again
EconomyMacroeconomyGreece’s current account recorded a surplus of 1.7 billion euros in January, from a deficit of 2.25 billion euros in December, Bank of Greece (BoG) data showed on Friday. In January 2023, the balance showed a deficit of 161.5 million euros. The Bank of ...
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.19 billion euros in June, from a surplus of 196.5 million euros in May, Bank of Greece (BoG) data released on Wednesday showed. In June 2024, the balance showed a surplus of 265.7 million euros. The Bank ...
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Economic sentiment rises in Dec despite sharp drop in retail trade
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in December, with the index at 107.4 points, from 105.9 in the previous month, according to European Commission figures released on Thursday. Over the rolling 12-month period, December’s ESI was lower by 1 poin...
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Lending to corporates drives credit drop of 6.8 pct YoY in Apr
EconomyMacroeconomyCredit expansion in the Greek private sector remained strong in April, rising by 6.8 percent year-on-year (YoY), from 7.7 percent the previous month, Bank of Greece (BoG) figures released on Tuesday showed. The net lending flow was negative by 1.22 bill...
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Polls show Golden Dawn support dropping after murder, New Democracy profiting most
PoliticsGreek PoliticsTwo more opinion polls published this week have shown a drop in support for Golden Dawn, with New... this path in June. Independent Greeks, the right-wing anti-bailout party, mopped up 1.2 percent of GD’s... for New Democracy fell from 20.1 percent to 19 percent and SYRIZA saw its ratings drop from 20.5
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Greece's current account in surplus for the fourth consecutive month
EconomyMacroeconomybillion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year... is attributed to a drop in the trade deficit by 20.2 percent to 11.41 billion, reflecting... travel spending by non-residents up 12.4 percent to 2.85 billion in August. The respective eight months
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A closer look at Greece's 2013 budget primary surplus of 603 mln
EconomyMacroeconomyfor the second straight month in December, but the 12-month figure posted a drop of 4.9 percent, reflecting... drop in interest payments by 50.6 percent compared to last year (mainly owed to last year’s PSI... the wage cuts imposed on police and army forces would create a new hole of up to 500 million.
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Greek primary budget surplus doubles to 835 mln in Jan but below target
Economy(up 2.6 percent). It is worth noting that January revenues are not fully comparable to last year’s... better than the target. The sharp drop mainly reflects a drop in grants to social security sector
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