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Import prices dropped by 14.4 pct YoY in Jul, although energy segments rose MoM
EconomyMacroeconomyThe contraction of Greece’s import price index continued in July, falling by 14.4 percent year-on-year (YoY) after dropping by 19.4 percent in June, according to data released by the Hellenic... that, the index expanded until January this year. The index peaked in April last year with a 39.1 percent rise
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Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing
EconomyMacroeconomyGreece’s industrial turnover remained in contraction in July, dropping by 10.2 percent year-on-year... recording much more modest growth rates in recent months. In May last year, with growth of 54 percent... base effects in this year’s numbers. Manufacturing revenue was down by 10.3 percent, with the mining
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Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
EconomyMacroeconomyGreece’s retail sales returned to positive territory in July, with a rise of 3.1 percent year-on-year (YoY), after a drop of 1.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed... contracting in four of the seven months this year. Retail sales had been growing since April 2021, when
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Industrial turnover records five months of contraction after 6.2 pct drop in Aug
EconomyMacroeconomyGreece’s industrial turnover remained in contraction in August, dropping by 6.2 percent year-on-year (YoY), from a 10.3 percent decrease in July, according to data released by the Hellenic... early 2021. April was the first negative reading since February 2021. In May last year, with growth
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Inflation boosts retail sales growth to 2.4 pct in Aug, volumes continue to slide
EconomyMacroeconomyGreece’s retail sales remained in positive territory in August, with a rise of 2.4 percent year-on-year (YoY), after a 3.4-percent rise in July, Hellenic Statistical Authority (ELSTAT) data showed... contracting in five of the eight months this year. Retail sales had been growing since April 2021, when
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Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
EconomyBankingNII was 1.34 billion euros in 9M, up by 46 percent year-on-year, from 919 million in 9M 2022. Net fee and commission income was 294 million euros in 9M, from 296 million euros last year. Trading income... at 711 million euros, from 712 million a year ago. Loan loss impairments rose by 12 percent to 222
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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
EconomyBankingpercent in 9M 2023, from 8.8 percent a year ago. The NPE coverage ratio was 57 percent in 9M, from 49 percent in the same quarter of last year. The organic cost of risk was 0.93 percent, from 0.83... from a year ago. Net fee income was 403 million euros in H1 2023, while normalised trading income
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Industrial turnover contracts for six months on bounce in Sep with 5.1 pct drop
EconomyMacroeconomyGreece’s industrial turnover remained in contraction in September, dropping by 5.1 percent year-on-year (YoY), from a 6.4 percent decrease in August, according to data released by the Hellenic... since early 2021. April was the first negative reading since February 2021. In May last year
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Aug sees second annual drop in building activity with 4 pct decline
EconomyMacroeconomyBuilding permits posted the second negative reading of the year in August, falling by 4 percent year-on-year (YoY), after a rise of 7.5 percent in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday. Permits have been growing annually this year except
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Retail sales rise by 3.3 pct in Sep, but falling volume reflects challenges
EconomyMacroeconomyGreece’s retail sales stayed in positive ground in September, with a rise of 3.3 percent year-on-year (YoY), after a 2.7-percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed... contracting in six of the nine months this year. Retail sales had been growing since April 2021, when
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