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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. The total numb...
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Greek PMI falls to 49.4 in June, lowest since November 2013
EconomyMacroeconomyin the output at Greek firms was the slowest over the past three months mainly due to a slight dip... heading south, while post-production inventories dropped at a solid rate, although slower than in May... was slower than in May. Markit analysts concluded that: “Greece’s manufacturing PMI fell back below
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Greek PMI falls again in July, dropping to 48.7 points
EconomyMacroeconomygoods. The rate of drop in July new orders was faster than that observed in June, mainly reflecting... prices were marginally higher than in June. One of the few areas of cost pressure stemmed from...-too-brief return to expansion, with the consequent dip in output helping drag the PMI to a nine
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Review gathers pace as mission chiefs prepare for Athens return
EconomyProgrammetarget. The position of the European lenders is not yet clear and, given the dip in revenues so far... than the target of 103.4 billion. The NPE ratio stood at 50.6 percent in Q2, slightly higher than
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Lull in review talks gives PM chance to mind domestic agenda
PoliticsGreek Politicsupbeat over the prospect of completing the review by the end of the year even though more than 70 prior... percent versus 18.4 percent for SYRIZA. Although both parties experienced a dip in their ratings... back this idea rather than the government’s proposal for some form of handout. Also, 75.6 percent
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Broad support in Parliament for handouts amid mixed signals from polls
PoliticsGreek Politicsby the heavy tax burden rather than a strong performance from the economy. It shows that 86 percent... move indicated in the University of Macedonia poll has not translated into a dip in SYRIZA’s rating... for the new party to remain independent rather than seek to attach itself to SYRIZA or New Democracy
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Govt and opposition stake out positions on pandemic impact measures
PoliticsGreek Politicsemployers preferred to let workers go rather than apply for the government’s SURE-backed employment... labour rather than suspending it”. With the exception like key departures such as the emergency minimum... to outbid the government; however, both schemes assume that the government will need to dip
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PMI drops to 46.8 points in July amid Covid-19 uncertainty
EconomyMacroeconomyof decline was slower than April's record, it was nonetheless much faster than the series average.... Markit analysts said that the Greek manufacturing sector entered the third quarter with a slight dip
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Govt treads carefully on economic relief measures, hoping normality is near
PoliticsGreek Politicseconomies than Greece’s, it could put Athens under the spotlight as the discussion about reshaping... to dip into the public coffers any more for Covid-related assistance. New Democracy is hopeful... that according to ELSTAT, sales in the first nine months of 2021 were 1.7 billion euros lower than in 2019
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Newsletter 331 - 11/03/2022
as 35 pct under an enhanced proportional representation system, rather than the 37-38 pct needed..., having committed more than 1 billion euros in subsidies since September last year. However... ministry officials realise that it might not be long before they have to dip into the ordinary budget
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