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In first contraction since Oct 2020, Jan IPI falls by 10.9 pct MoM
EconomyMacroeconomyby a 21.5 percent drop in mining and quarrying index, a 6.7 percent decrease in the Electricity Supply Index, followed by 0.02 percent drop in water supply. These were offset by a 2.6 percent increase... and 4.2 percent in mining and quarrying. Water supply was up by 1 percent. According to the European
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Car sales accelerate by 38.3 pct YoY in Feb, led by used vehicles
EconomyMacroeconomyyear-on-year (YoY) in February, after a drop of 8.7 percent in January, according to Hellenic... was a drop of 16.4 percent. Car sales in February came to 18,521 compared to 13,464 last year, a rise... cars increased by 45 percent, with the absolute figure standing at 15,820. The remainder was made up
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NBG reports profits of 833 mln in 2021
EconomyBankingmillion, from 1.1 billion in 2020, was up by 4 pct at 1.5 billion euros. Asset quality NPEs continued to drop, standing at 2.1 billion euros at the end of 2021, from 4.3 billion euros at the end of last... euros. Operating expenses in 2021 were limited to 783 million euros, a 6 pct drop YoY. Balance Sheet
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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
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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
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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
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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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