Search
-
Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Tuesday. After January’s annual drop of 0.6 percent... of declines. Month-on-month (MoM), the index also recorded a solid drop of 9.1 percent, from a rise of 9.3... last year, industry confidence is up by 3.8 points. In addition, Manufacturing PMI dropped by one point
7% -
Jobless rate grows marginally to 12.6 pct as youth unemployment drops by over 7 points
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate pushed up marginally in July to 12.6 percent... fewer unemployed people in July compared with the same month of 2021, amounting to 591,209, a drop... and came to 16.3 percent, while the rate for men stood at 9.6 percent, a drop of 0.9 pps year-on-year
7% -
Unemployment increases to 11.4 pct in Feb, inactive population rises
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate moved up in February, rising to 11.4 percent... in February compared with the same month of 2022, amounting to 526,742, a drop of 15.2 percent... percent, while the rate for men stood at 7.8 percent, a drop of 2 pps year-on-year. Youth unemployment
7% -
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
7% -
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
7% -
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
7% -
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
7% -
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
7% -
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
7% -
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.
7%