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Trade deficit widens in May as exports contract by 15.4 pct
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 11 percent year-on-year (YoY) in May, after a solid drop of 22.9 percent in April, according to data released by ELSTAT on Friday. The deficit came to 2.94... deficit was down by 11.1 percent, at 9.72 billion euros. Year to date, imports from EU countries were up
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Industrial production drops for first time in 2023, down 3.6 pct in June
EconomyMacroeconomy), the seasonally adjusted index in June recorded a drop of 1.5 percent, after a contraction of 0.6 percent... percent and 0.6 percent in manufacturing. The manufacturing index drop was in coke and refined... last year, industry confidence is up by 4 points. In addition, manufacturing PMI remained
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Led by lending to corporations, pace of credit growth rises to 2.1 pct in Sep
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace in September, rising by 2.1 percent... in September, after a 405-million euros drop in August, reversing the net contraction of recent months.... The corporate lending balance’s net monthly flow was positive by 2.05 billion euros, after a drop of 322
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Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
EconomyMacroeconomyStatistical Authority (ELSTAT) on Friday. This is the eight successive annual drop, something not seen since... of 54 percent annually, the index posted the highest rise on record. In November 2022, it was up..., economic sentiment (ESI) experienced another marginal drop of 0.4 points in December, the same
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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBankingthe opposition parties and was seen as controversial as it essentially gave up all the upside in the sector... that Thrivest executes its own, which will see the Greek state holding drop to 35-37 pct. In this way... participation in the Hercules III APS will drop its NPE ratio to 3 pct, from 60 pct that is the respective
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Utilities and energy drive industrial production rise of 9.5 pct in June
EconomyMacroeconomy, after a drop of 3.4 percent in the previous month. The annual movement in the index reflects a 5.2 percent increase in manufacturing, while water supply was up by 8.9 percent. Electricity supply recorded... in water supply, partially offset by 0.8 percent drop in manufacturing and 5 percent in mining
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Deposits resume growth in Aug, rising to 195.36 bln
EconomyMacroeconomyof 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece..., while redeemable at notice rose by 5 million to 1.55 billion and other deposits were up by 259... billion euros, after an 868-million euros drop in July.
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New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
EconomyMacroeconomyaccelerating from 2.1 pct this year to 3.6 pct in 2025. The unemployment rate will drop to 9.7 pct in 2025... targets agreed with its eurozone lenders, with a primary surplus that stays stable at 2.4 pct of GDP up... of this year. The longer-term horizon estimates debt-to-GDP to drop to just short of 115 pct of GDP
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PMI at 50.3 in Sept after falling for six straight months, posting weakest reading in a year
EconomyMacroeconomy. Manufacturers responded with lower production volumes, leading to the first output drop in 20 months... production costs to customers. There was also a renewed drop in employment, and although job losses... issue, however, with output expectations for the year ahead picking up to the strongest in three
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Deposits resume rise in May, reaching 199.61 bln
EconomyMacroeconomyeuros, after a 795-million-euro drop in April, according to the latest Bank of Greece (BoG) figures... million to 1.55 billion and other deposits were up by 6 million to 35.54 billion. Corporate deposits..., increased by 1.53 billion euros to 207.49 billion euros, after a 1.1-billion euros drop in April.
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