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  1. Nov budget data confirms tax revenue outperformance at 784 mln

    EconomyMacroeconomy

    with a deficit of 13.75 billion in the same period last year, the final Finance Ministry (MoF) budget... euros compared to a deficit of 18.25 billion euros in the aggregate period last year. The budget... last year’s 39.14 billion. The ministry notes that this overperformance is due to the increased

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  2. Budget primary deficit improves by 7.2 bln YoY in 2021, beats target by nearly 2 bln
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance for the full year landed at a deficit of 10.99 billion euros in 2021..., above target by 800 million euros. The budget balance last year recorded a deficit of 15.53 billion euros compared to a deficit of 22.81 billion euros in the aggregate period last year. The overall

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  3. Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the full year landed at a deficit of 10.33 billion euros in 2021.... At that level of economic activity last year, the primary balance landed at less then 6 pct of GDP... by 1.46 billion euros. The budget balance last year recorded a deficit of 14.87 billion euros compared

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  4. Reflecting annual base effect, retail sales rise 19 pct in Nov but fall on previous month
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    year-on-year (YoY) from a downward revised 10.5 percent in October, Hellenic Statistical Authority... in the previous year. On a monthly basis, the index dropped by 6.3 percent, compared to October 2021. Retail sales have been growing continuously since April, after sales fell continuously for almost a year

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  5. Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time dropped by 8.7 percent year-on-year... Authority (ELSTAT) data released on Friday. In January 2021, the year-on-year change was a drop of 27.8 percent. Car sales in January came to 14,044 compared to 15,983 last year, a drop of 12.1 percent

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  6. PM pledges more support as he seeks to resist inflation, pandemic threats
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    also stressed that he does not want to put this year’s budget execution at risk and that any support... by the government’s economic plan as Greece tries to work its way back to a primary surplus next year by first producing a smaller deficit of 1.4 pct of GDP this year. The Hellenic Statistical Authority

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  7. December current account deficit at 1.71 bln, worst for eight years
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    came to 2.79 billion euros, compared to a deficit of 1.53 billion euros in the same month last year. Total imports came to 6.27 billion euros, from 4.33 billion last year. At the same time, total... a surplus of 64 million euros, from last year’s figure of 2.2 million euros. It is also improved from

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  8. Travel receipts more than double in 2021, arrivals at 47 pct of 2019
    Photo by MacroPolis

    EconomyMacroeconomy

    being significantly higher than the 2.2 million euros recorded in December last year, the latest... million euros for the month, more than five times year-on-year, from 34.8 million euros. Travel... in December. Receipts in December last year had dropped by 84 percent annually. For euro-denominated

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  9. Uptick in retail sales accelerates to 23.8 pct in Dec, total rise for 2021 reaches 11.5 pct

    EconomyMacroeconomy

    percent year-on-year (YoY), from an upwards revised 21.1 percent rise in November, Hellenic Statistical... in the previous year and a much-subdued festive season in sales. The index during 2021 is up... for almost a year, when two lockdowns impacted the normally active Easter and Christmas periods

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  10. Car sales accelerate by 38.3 pct YoY in Feb, led by used vehicles

    EconomyMacroeconomy

    year-on-year (YoY) in February, after a drop of 8.7 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In February 2021, the year-on-year change was a drop of 16.4 percent. Car sales in February came to 18,521 compared to 13,464 last year, a rise

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