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Despite strains, manufacturing remains in growth as Nov PMI reaches 50.9 pts
EconomyMacroeconomymoved up in November, on the back of higher energy costs and oil prices, which was partially offset... low. Despite the challenging environment, business expectations edged up to their highest level since... export markets, which led to the fastest drop in new work from abroad since February”, they added.
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Decline in import prices accelerates to 13.4 pct in Oct
EconomyMacroeconomyGreece’s import price index continued to contract in October, picking up pace from the previous... 12-month rolling movement was negative by 9.2 percent, from a 6.6-percent drop in the previous period... percent, then durables with 2.7 percent. Non-durables were up by 0.2 percent and intermediate goods
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Growth in industrial production slows to 3.1 pct YoY in Nov, contracts MoM
EconomyMacroeconomyto a modest rise of 2 pct. Month-on-month (MoM), the seasonally adjusted index in October recorded a drop... in manufacturing, while water supply was up by 2.7 percent. Mining rose by 5.9 percent. The manufacturing index... for nearly one year, reaching 10 months. S&P notes that the rate of growth in December picked up
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Building activity slows in Nov as permits contract by 1.2 pct YoY
EconomyMacroeconomy, with the biggest rise noted in Crete with 20.3 percent, and the largest drop in Western Macedonia with 45.5... issued in Western Macedonia with 18. During the eleven months of the year, permits were up by 7.9 percent YoY to 24,429. The corresponding surface is up by 14.8 percent while volume is also higher
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Newsletter 414 - 01/03/2024
' families in the days leading up to the anniversary of the crash put pressure on the government... outlier compared to the rest of Europe. The ministry expects prices of formula milk to drop by as much... for certain products are also being introduced. The aim is to stop retailers from first bumping up prices
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Underwhelming GDP highlights investment falling short of mark
EconomyMacroeconomydrop was seen in Q3. There was a minor 0.1 pct contraction, not seen since Q2 2020 when the pandemic dealt a serious blow to the economy. The QoQ movement in Q1 was unchanged, it was up by 1.1 pct... framework that the ECB has deployed since the euro adoption. This has pushed up the interest rate
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NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln
EconomyBankingimpairments in 2023 stood at 241 million, from 280 million in 2022. Core income stood at 2.61 billion, up by 54 percent annually. Operating expenses in 2023 were 835 million euros, up by 4 percent YoY. Balance... euros, with 6.2 billion euros drop from the end of last year. Eurosystem funding was 8.1 billion
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Lending to corporations drives credit expansion of 3.8 pct YoY in Feb
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace slightly in February, rising by 3.8 percent year-on-year (YoY), up from 3 percent in January, Bank of Greece (BoG) figures released... by 924 million euros, after a drop of 2.51 billion euros in January. Within corporate lending, the flow
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Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops
EconomyMacroeconomymovement in the index reflects a 2.1 percent increase in manufacturing, while water supply was up by 3.3 percent. Mining had growth of 10.2 percent. Electricity supply recorded a drop of 1.4 percent..., industry confidence is now up by 2.2 points. In addition, Greece’s Manufacturing PMI continued its
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Newsletter 427 - 14/06/2024
and experienced a sharp drop in support compared to the 41 pct it got just one year ago in the national... polls by opposition parties. The French spread over bunds shot up to 74 basis points mid-week... by 4.4 pct, while water supply was up by 8.8 pct. Electricity supply recorded a strong rise of 14 pct
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