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CPI moderates to 3 pct, but food inflation persists at 11.4 pct
EconomyMacroeconomyin electricity, natural gas and heating oil. In March there was a notable drop in electricity that was down 29.9 percent annually, while natural gas also dropped by 25.1 percent. Heating oil moved down by 20.7
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Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
EconomyMacroeconomythis year. The index peaked in April last year with a 39.1 percent rise. Growth has been slowing down... by extraction of oil and gas down by 31.2 percent, then basic metals fell by 3 percent. The monthly
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EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
EconomyMacroeconomyconsumption is expected to cool down this year due to lower real disposable income and negative saving... estimate for 2024 is revised slightly down to 1.9 pct, from 2.4 pct in the previous estimate, as Greece
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Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
EconomyBankingpercent in Q1, down by 1.6 percentage points year-on-year, while NPE coverage increased by over 4..., down 11.6 percentage points YoY. The Q1 cost of risk - or provisions over average net loans - was 75
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Trade deficit narrows in April, though exports drop by 4.3 pct
EconomyMacroeconomyproducts and ships, the aggregate deficit was down by 10.4 percent, at 7.38 billion euros. Year to date... markets were down by 6.6 percent at 13.99 billion euros. Exports to EU countries increased 17.3
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Car sales pick up pace in May, up 13.8 pct in first five months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time accelerated in May, rising by 5.6 percent year-on-year (YoY), after slowing down to 1.1 percent in April, according to Hellenic... annually. Passenger cars are up by 15.3 percent, lorries increased by 4.3 percent and buses down by 1.2
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Mitsotakis enters last week of campaign with confidence, high ratings
PoliticsGreek Politicstargets for the second four-year term, but also promised to clamp down on tax evasion. He suggested... to step down from his current position, and pointed out in a recent interview with Kathimerini
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Economic sentiment approaches pre-Ukraine war high, consumer confidence highest since 2021
EconomyMacroeconomyaverage ESI stood at 94 points in June, down from the 95.1 points of the previous month. The euro area’s ESI was 95.3 points, also down from the 96.4 points of May. June’s consumer confidence
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Tsipras resigns, paves way for leadership contest at SYRIZA as left looks to regroup
PoliticsGreek PoliticsAlexis Tsipras has announced that he is stepping down as leader of SYRIZA after roughly 15 years at the helm of the left-wing grouping, paving the way for a leadership contest that could... their share of the vote dive to 20.1 pct, down almost 11.5 points on their 2019 result, when
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Newsletter 387 - 30/06/2023
to the efforts of the ECB to bring down inflation through repeated rate hikes since last summer... had its first annual drop since early 2021, falling by 7.4 pct in April, with manufacturing down
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