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Mitsotakis has ground to cover after election disappointment as progressives ponder future
PoliticsGreek Politicsthat the government has convincing responses to the concerns raised by the June 9 vote in which... not participate in the June 9 election, where the turnout was just above 40 pct, refused to take party... that Mitsotakis should call snap elections as a result of the June 9 result. Only 9 pct of ND voters believe
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Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyby 1 percent. According to the latest business indicators for June, consumer confidence moved up slightly in June to -42.7 points, from -43.8 points in the previous month. Consumer confidence...) moderated slightly in June, reaching 110.6 points, from 111 points in the previous month.
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Newsletter 430 - 05/07/2024
on June 9 is proof that New Democracy needs to shift its policies towards the right and stop courting... underwhelming performance in June’s EP elections and the ensuing speculation over the future of the centre... to grow; however, the S&P PMI reading was the softest in 2024, at 54 points in June, from 54.9
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Tough choices ahead for Mitsotakis, as reforms risk irking voters
PoliticsGreek Politicsin June’s EP elections. With another backlash brewing from the 6-day working week, it is now braced... New Democracy a conclusive win in 2023 but subsequently punished the party by abstaining in June... in late June to the financial crime prosecutor to have the anonymity of whistleblowers in the Novartis
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Newsletter 431 - 12/07/2024
disappointing performance in June’s EP elections. With another backlash brewing from the 6-day working week.... Data from ELSTAT for June shows that the tourism package has gone up by 12.7 pct annually. Hotels... contracting by 4.5 pct. CPI The growth of prices in Greece was stable at 2.3 pct in June, from 2.4 pct
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Inflation up to 2.7 pct in July as housing costs keep rising
EconomyMacroeconomy12-month period in June was unchanged at 2.8 percent. Month-on-month, the CPI decreased by 0.7 percent, from a rise of 0.5 percent in June. In July 2023, the CPI was up by 2.5 percent YoY. The price... of 0.1 pct. Prices have been rising since. The highest annual increase reading was in June 2022
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Bumper results for banks add to frustration over interest rates, fees
EconomyBankingin June. For new loans, the lending margin was 5.21 pct in June, after a eurozone era high of 5.96... are offering one of the lowest returns on deposits, also from BoG data for June, with rates for deposits
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Deposits drop by 607 mln in July, led by corporate savings
EconomyMacroeconomymillion euros, after a 3.83-billion-euro jump in June, according to the latest Bank of Greece (BoG... percent in the preceding month. The outstanding balance of private sector deposits in June stood... billion euros, after a 3.96-billion euros jump in June.
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Consumer confidence rises sharply by 4 points in May, other components drop
EconomyMacroeconomyperiod, May’s ESI is down roughly 3 points from June 2024. The average ESI in the EU stood at 95.2... points, from 6.2 points in the previous month. Since June 2024, industry confidence is up 1.5... 20 points from June 2024. Construction confidence dropped further to 6.2 points, from 13.6
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyin mining. According to the European Commission’s latest business surveys for June, industry confidence... virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data. The manufacturing sector continued to expand in June mostly thanks to domestic business
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