Search
-
May PMI still in expansion as firms report supply chain and cost issues
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion in May, though it slightly moderated to 54.9... month of growth in new sales, with growth in May similar to the previous month, though... led to higher input costs in May leading to the steepest rise in costs since December 2022. Despite
10% -
CPI slows to 2.4 pct in May as food price increases ease
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) slowed down in May with a rise of 2.4 percent..., from a rise of 0.5 percent in April. In May 2023, the CPI was up by 2.8 percent YoY. The price index was in deflation for the 12 months prior to May 2021, when the CPI posted a marginal increase of 0.1
10% -
Unemployment rate almost unchanged at 10.6 pct in May
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed virtually unchanged in May, landing... showed on Monday. In May last year, the unemployment rate was 11.2 percent. Despite stabilising.... The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed
10% -
Ongoing rise in imports and tame exports elevate trade deficit to 3.39 bln in May
EconomyMacroeconomyGreece’s trade deficit recorded a solid rise of 13.6 percent year-on-year (YoY) in May, after... billion euros for May. Imports totalled 7.55 billion euros, rising by almost 7 percent YoY. Exports totalled 4.16 billion euros. An increase of just 1.9 percent compared with May 2023. In May 2023
10% -
Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. May's balance was 2.7 percent higher than the 1.61 billion euros recorded in May 2023. In May 2022, the balance
10% -
CPI increases to 2.5 pct YoY in May, housing costs soar by 6 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up pace in May with a rise of 2.5 percent year-on-year (YoY) in May, from 2 percent in the previous month, according to the data released on Monday... percent, from no change in the previous month. In May 2024, the CPI was up by 2.4 percent YoY
10% -
Car registrations rise by 13.5 pct YoY in May to highest since 2010
EconomyMacroeconomyVehicles going into circulation for the first time rose by 16.3 percent year-on-year (YoY) in May... released on Monday. In May 2024, licences had dropped by 0.8 percent annually. Car sales in May... percent YoY in May. This is the highest figure of car registrations since early 2010. Passenger
10% -
Waiters and chefs lead May hiring balance to highest on record
EconomyMacroeconomyGreece’s employment balance was strong as is usually the trend in May with 137,841 more hires than... balance in May last year was also strong, with 126,660 more hires. This led to a year-on-year rise of 11,181 jobs and this year is a new monthly record, breaking last year’s high. Total hirings in May came
10% -
Travel receipts maintain momentum in May with 17.7 pct YoY rise
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.88 billion euros in May, compared to 778.6 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. The May balance was 15.5 percent higher than the 1.62 billion euros recorded in May 2024. Receipts for the month were
10% -
Budget balance up to May well above target as VAT brings in 650 mln more than planned
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.65 billion euros for May, compared... execution data released on Thursday. The primary balance up to May was 2.41 billion euros above... euros. Net revenues were 30.22 billion euros. The total budget balance for May showed a surplus
10%