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Newsletter 455 - 14/03/2025
by almost 10 pct. Trade After a pause in December when the trade deficit dropped by 9 pct YoY, it resumed
2% -
Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
Economyalthough in December Scope Ratings upped Greece by one notch further into investment grade. Last week
2% -
Industrial turnover growth slows to 2.2 pct YoY in Jan with modest manufacturing gains
EconomyMacroeconomyGreece’s industrial turnover growth slowed in January, rising by 2.2 percent year-on-year (YoY), from a 5.7 percent increase in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. On a rolling 12-month basis, the industrial turnover was up by 2 percent
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Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
EconomyMacroeconomyGreece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes that this is mainly due to a deterioration
2% -
Jan travel balance at 87.5 mln as 30 pct rise in payments offsets receipts increase
EconomyMacroeconomyGreece's travel balance recorded a surplus of 87.5 million euros in January, compared to 149.9 million euros in December, according to data released by the Bank of Greece (BoG) on Wednesday. The January balance was 24.5 percent lower than the 115.9 million euros recorded in January 2024. Receipts
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Sharp drop in unemployed figures pushes unemployment rate to 8.6 pct in Feb
EconomyMacroeconomyfluctuations in recent months, the current single-digit rate is Greece’s lowest since December 2008. Monthly
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CPI at 2.4 pct in Mar as housing rises by 5.9 pct and food picks up pace again
EconomyMacroeconomymoderating for nearly three quarters below the headline CPI, and in deflation since December last year
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Building activity starts 2025 with sharp YoY drop of 17 pct in permits
EconomyMacroeconomyBuilding activity started 2025 with a sharp decrease of 17 percent year-on-year (YoY) in January, after a rise of 15.6 percent in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday. The total number of permits issued in January reached 1,762, from 2,123
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Unemployment rate edges up marginally to 9 pct in Mar
EconomyMacroeconomymonths, the current single-digit rate is Greece’s lowest since December 2008. Monthly unemployment
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Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
EconomyBankingin December 2024. Asset quality The NPE ratio was 2.6 percent in Q1, from 3.5 percent a year ago. The NPE
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