Search
-
Newsletter 12 - 23/01/2015
Win for SYRIZA looks certain Overall majority will depend on strength of minor parties A victory for SYRIZA in the general elections looks certain according to opinion polls but there are three factors to look out for on Sunday that will prove decisive ...
10% -
Greece’s price index falls to second lowest point in 12 years
SocietyCommunications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week. Based on price surveys covering m...
10% -
Manufacturing PMI up to 54.2 in May, completing 12 months of rises
EconomyMacroeconomyThe Greek manufacturing sector’s recovery completed a full year of expansion in May, with Markit’s PMI settling at 54.2, up from the 52.9 in April. Markit notes that the improvement of business conditions in the sector is reflected on the twelfth consec...
10% -
In negative territory for 12 straight months, industrial production drops by 2.4 pct in Sept
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 2.4 percent year-on-year (YoY) in September following a revised decrease of 4 percent in August, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. On a YoY basis, the index has remai...
10% -
Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct
EconomyMacroeconomyGreece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corres...
10% -
Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2022, the balance showed a deficit of 3.91 billion euros, while in Nov...
10% -
Budget rolls on with solid primary surplus of 12 bln in Nov
EconomyMacroeconomyThe budget primary balance recorded a surplus of 12.01 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. During the eleven months of the year, the primary balance came in 2...
10% -
Stock taking: Where is the Greek economy now?
Agoraevents in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can... an aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details.... The IMF has potential growth at 1 percent a year, and the EU Commission is a bit above (because
10% -
Greek household income falls almost 30 pct in 8 years, finds OECD
SocietyHousehold disposable income fell by 27.5 percent per capita in Greece from 2007 to the first quarter of 2015, bucking the trend in the world’s leading industrialised nations, where the figure went up by 8.13 percent. According to data published earlier ...
10% -
PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday. The headline figure for May remains below the 50-point mark that separates contraction from growth and points t...
10%