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Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
EconomyMacroeconomyCommission’s latest business surveys for May, industry confidence rose by 2.1 points to 5.9. Since June... in May to 53.8 points, according to S&P Global data released on Wednesday. This is the lowest
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PM trails more relief, insists on dominant role for ND in future govt
PoliticsGreek Politicsthat, “there may always be reasons for early elections, but there may also be many more reasons not to go
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Where is Odysseus? Part 4 - Unemployment and Employment
Agora. We can first consider how the economy may transition from today’s high (cyclical) unemployment rate... the economic crisis of the 2010s. Still, for now, we assume that the natural UR may settle at 7 percent
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Economic sentiment slides by 3 pts in July to lowest in over a year, construction mood sours
EconomyMacroeconomyrecent low in May 2020 following the outbreak of the pandemic, dropping to 84.3. The EU average ESI... in May 2021 when the indicator stood at -21.9 points. The current consumer confidence was reached
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Producer prices climb by 39.9 pct in June, but record first back-to-back monthly drops since 2020
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down further, still with another explosive rise in June of 39.9 percent year-on-year, after shooting up by 43 percent in May.... Month-on-month (MoM), the index dropped by 0.6 percent, after a decline of 2.9 percent in May
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Impact of uncertainty on economy starting to emerge in hard data
EconomyFeaturesto the highest levels for decades. Consumer confidence in Greece had been sliding since May 2021... on Greece’s trade balance, which is going deep into deficit each month. The total deficit up to May
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PM prepares response as pressure over spying scandal mounts
PoliticsGreek Politicsthat the outgoing EYP chief had acted outside of his remit or that there may be rogue elements within the service... Androulakis, suggesting that EYP, and perhaps the government, may be in possession of information
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No let-up in pressure over spying scandal as govt unveils intelligence agency changes
PoliticsGreek Politics2,302 in 2019. There may be some questions about the degree to which the legislative act introduces... on Tuesday that EYP’s file on Androulakis may have been destroyed simply fuelled speculation
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Unemployment rate drops to 12.1 pct in June, lowest since before first MoU
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate de-escalated further in June, falling to 12.1 percent from 12.5 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday... percent unemployment rate in May 2008. Year-on-year, the number of employed people increased by 155,318
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Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recorded back-to-back gains in June, rising by 8.4 percent year-on-year (YoY), after increasing by 3.6 percent in May, according to Hellenic Statistical..., after a 2.4 percent increase in May. The annual movement in the index was led by a 13.2 percent
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