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  1. A closer look at Greece's Q3 2023 national accounts
    Photo by MacroPolis

    Agora

    above for the full year 2023. Since employment growth remains buoyant and unemployment is coming down... and look ahead to the next year or so, move from these headlines to the next level of detail.... The thin line in the Figure shows the growth rate of productivity year-over-year (Y/Y). The trend line

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  2. Industrial turnover drops by 2.1 pct YoY in Oct due to foreign markets and manufacturing
    Photo via https://flic.kr/p/29HRurs

    EconomyMacroeconomy

    in as it dropped by 2.1 percent year-on-year (YoY), from a 5.1 percent decrease in September, according to data... 2021. In May last year, with growth of 54 percent annually, the index posted the highest rise on record. Last October, it was up by 25.4 percent YoY, hence some base effects in this year’s rates

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  3. Retail sales barely move in Oct, collapse in volumes accelerates
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales barely stayed on positive ground in October, with a rise of 0.1 percent year-on-year (YoY), after a 3.3-percent rise in September, Hellenic Statistical Authority (ELSTAT) data... been contracting in seven months of this year. Retail sales had been growing since April 2021, when

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  4. Car sales jump by 30.1 pct in Dec, marking 16.1 pct rise in 2023
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    in December, growing by 24.8 percent year-on-year (YoY), after a 24.3 percent rise in November, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In December 2022, the year-on-year change was a rise of 1.3 percent. Car sales in December came to 15,581 compared to 11,976

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  5. Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover remained in contraction in November, dropping by 2.7 percent year-on-year (YoY) from a 2 percent decrease in October, 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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  6. IMF approves Article IV consultation, growth seen resilient
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    by the IMF this year. Growth will be led by private consumption supported by real wage growth... moderating to 2 pct by the end of next year as core inflation will moderate only gradually, despite... is expected to drop further to 9.2 pct this year, from 10.6 pct in 2023 and 12.4 pct in 2022

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  7. Current account deficit drops sharply to 14.13 bln in 2023 as energy effects moderate
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    of almost 3 billion euros in the same month last year. Total imports came to 6.36 billion euros in December, from 7.47 billion last year. At the same time, total exports came to 3.6 billion euros... a deficit of 567.3 million euros, from 846.2 million euros last year. The balance of goods excluding oil

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  8. Industrial turnover drops by 7.2 pct in Dec, pulling 2023 figure 4.1 pct lower

    EconomyMacroeconomy

    percent year-on-year (YoY) from a 2.5 percent decrease in November, according to data released... year, with growth of 54 percent annually, the index posted the highest rise on record. In December 2022, it was up by 16.7 percent YoY, hence some base effects in this year’s rates. On a rolling

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  9. Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
    Image via www.eurobank.gr

    EconomyBanking

    billion euros in the previous year, a rise of 6.6 percent. Net profit was 1.14 billion euros vs... percent year-on-year (YoY) in 2023 to 1.82 billion euros, from 1.14 billion euros in 2022. Asset quality... ratio stood at 3.5 percent in 2023, down by 1.7 percentage points year-on-year, while NPE coverage

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  10. Industrial production grows by 10.3 pct in Jan, boosted by electricity supply
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    year-on-year (YoY), after a 4.5-percent rise in the previous month, according to Hellenic... year, the index has been growing for the last six months. Last year’s annual growth was a modest rise... points, dropping by roughly 3 points. Since March last year, industry confidence is down by 7 points

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