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PMI drops to lowest in more than a year at 53.8 pts, but manufacturing remains on solid ground
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by one point in May to 53.8 points, according to S&P Global data released on Wednesday. May PMI is the lowest in more than one year, but still indicates solid operating conditions in the Greek manufacturing sector. The overall expansion is the slowest since March
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GDP rises by 2.3 pct QoQ in Q1 as consumption grows, but other components shrink
EconomyMacroeconomyby one percentage point to 3.5 pct, with inflation substantially revised from 0.4 pct to 4.5 pct
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Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
EconomyMacroeconomylast year, industry confidence is up by 3.8 points. In addition, Manufacturing PMI dropped by one point
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Rising bond yields a concern, but not an immediate fiscal problem
Economypct, the lowest yield ever secured on a Greek sovereign bond issue. Turning point As it became clear
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PM trails more relief, insists on dominant role for ND in future govt
PoliticsGreek Politicsfor political stability, a point he made emphatically during the interview in which he stated, “I do
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Budget primary balance to May beats target by wide margin, taxes continue to outperform
EconomyMacroeconomythe target by 2.43 billion euros against an anticipated deficit of 3.91 billion euros at this point
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Newsletter 342 - 17/06/2022
reached its highest point since the end of 2012, but is still off the peak of Q3 2008. This comes after
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Govt lines up new handouts to fight inflation as SYRIZA moves to election footing
PoliticsGreek Politics. Of course, the opposition party has treated the worsening inflation situation as a pressure point
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Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
EconomyMacroeconomyby one point in May to 53.8 points, according to S&P Global data released on Wednesday. May PMI
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Parties get into campaign mode as ND mulls possible election dates
PoliticsGreek Politicsto officially exit the enhanced surveillance regime, is seen as providing a potential break point
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