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Fitch rating upgrade concludes another successful year for GGBs
Economydrop in 2024. Though still nearly triple the BBB-median debt ratio, the figure has fallen more than..., closing a painful 15-year cycle that kicked off with the debt crisis. S&P in April also moved Greece up
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Lost decades for Greek incomes tell different story to recovery narrative
EconomyMacroeconomyat the bottom of the table with a 5% drop in household real income, followed by Italy with a 4% decline.... It is reflected in Greeks’ ability to keep up with housing-related payments: more than four in ten
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Quarterly unemployment eases to 8.2 pct in Q3, lowest since end-2008
EconomyMacroeconomyto the tourism sector peak in Q3 each year and the build-up in hiring for the high season in Q2. A total... quarter and a sharp drop by 8.2 percent compared to the same quarter of 2024. The number of people
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Industrial turnover falls by 8.1 pct in August
EconomyMacroeconomyby a decrease of 12.7 percent in the mining and quarrying index, along with a drop of 8.1 percent... in the non-domestic market fell by 15.7 percent. The drop in the domestic market was driven by a drop... noted in three out of five main industrial groupings. The biggest drop was observed in energy
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Industrial turnover drops by 9.3 pct in March
EconomyMacroeconomyGreece’s industrial turnover fell by 9.3 percent year-on-year (YoY) in March compared to a drop... percent decrease in the mining and quarrying index, along with a drop of 9.3 percent... in the non-domestic market fell by 10 percent. The drop in the domestic market was driven by a fall
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Industrial turnover drops by 3.8 pct in June, slowing from previous months
EconomyMacroeconomyGreece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop... percent drop in the mining and quarrying index, followed by a milder drop of 3.4 percent... in the domestic market fell by 2.2 percent. The drop in the domestic market was driven by a fall
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Industrial turnover drops 3.5% in December as overseas markets hit
EconomyMacroeconomyfrom a year earlier, compared with a revised drop of 2.5 percent in November, according to data... before. The index’s performance in December was led by a 12.1 percent drop in the mining... market dropped by 2.2 percent. In the non-domestic market, December’s drop in industrial turnover
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomyStatistical Authority (ELSTAT). The drop in the February figures for surface and volume was less.... The highest drop in building activity was recorded in Epirus and the Ionian Islands at 35.6 and 34.5... building activity has remained stable at around 22 percent over the past few years. The sharp drop
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Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter
EconomyMacroeconomyshowing a 63.3 percent drop YoY. The volume and value of appraisals showed a similar move slumping... been heading south since then. It has seen a cumulative drop of 34.7 percent. The decline... posted in Q1 2007. A similar trend with a drop in excess of 90 percent is also evident in the volume
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Greek retail trade turnover index declined by 3.7 pct in December
EconomyMacroeconomyvolume fell by 4.6 percent suggesting that the drop in the respective turnover is fully owed to the drop...) and furniture and electrical and household equipment (-5.1 percent) posted a drop above the headline... to the Christmas period. Only automotive fuel recorded a MoM drop in December sales by 4.3 percent, fully
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