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Disposable income falls by 11.8 pct YoY in Q2, final consumption down by 12.7 pct
EconomyMacroeconomyGreek household disposable income fell by 11.8 percent year-on-year (YoY) in the second quarter (Q2) of 2020, worsening from the decline of 0.4 percent noted in Q1 2020, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. The absolute figure landed at 28.96 billion euros
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Retail turnover drops by 1.4 pct in August for sixth continuous decline, volume drops by 1 pct
EconomyMacroeconomyGreece’s retail sales index decreased by 1.4 percent in August following a downward revised drop of 2.7 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The latest month’s reading is the sixth consecutive negative reading in as many months. The corresponding volume
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PMI edges down to 48.7 points in October as output declines at fastest rate since May
EconomyMacroeconomyGreece’s manufacturing PMI slipped to 48.7 points in October from 50 points in September, according to the latest data from Markit. According to Markit, readings over 50 and above indicate overall improvement, meaning that the latest figure signals an overall deterioration in the Greek
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Concern over ICU capacity, support for business generate pressure for ND
PoliticsGreek Politicsto the data provided by the Health Ministry on Tuesday, there are currently 140 such places available
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EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in
EconomyMacroeconomydistancing. The most recent data available, from the second quarter of the year, reflected the strict
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Greece to enter second lockdown as govt faces criticism over 'total failure'
PoliticsGreek Politics. The lockdown announcement was accompanied by a presentation of the latest scientific data by the chair
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Trade deficit falls by 24 pct in Sept despite slight uptick in exports to EU
EconomyMacroeconomyGreece’s trade deficit fell by 24 percent year-on-year (YoY) in September compared to a drop of 27.1 percent in August, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.48 billion euros for the month. Imports totalled 4.04 billion euros, showing
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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 remained consistently negative in the year so far
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CPI falls by 1.8 pct YoY in October as air travel and energy drop
EconomyMacroeconomy2015 when it fell by -2.2 percent. The data showed that the core index fell by 1.4 percent
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Employment balance negative by 33,356 in October as seasonality affects education and tourism hires
EconomyMacroeconomyThe employment balance was negative with 33,356 more firings than hirings in October, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 86,731 more people hired than fired. Ergani noted that the balance for October has typically been
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