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  1. Disposable income rises by 3.8 pct in Q1, saving rate drops to lowest since 2018 at -9.8 pct
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Household disposable income increased by 3.8 percent year-on-year (YoY) in the first quarter (Q1... figure was 30.77 billion euros, from 29.64 billion euros a year ago. A rise of 5.3 percent was noted... percent, the lowest since Q1 2018, from a high 9.8 percent a year ago. In the non-financial

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  2. Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent year-on-year (YoY), after increasing by 3.6 percent in May, according to Hellenic Statistical... of the year, and has been on a general recovery trajectory since November 2020. This is also... to negative territory at -0.1 in July, from 0.3 in June. Since August last year, industry confidence

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  3. Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
    Finance Ministry

    EconomyMacroeconomy

    to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance... billion euros against an anticipated deficit of 5.81 billion euros at this point of the year... of February 2022, the better performance of the previous year taxes collected in installments until

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  4. Travel balance of 4.19 bln in H1 beats 2019 as tourism sector leaves pandemic behind
    Photo by MacroPolis

    EconomyMacroeconomy

    , the record year before the pandemic. Receipts came to 2.62 billion euros for the month from 806.7 million euros in 2021, roughly four times higher year-on-year. Travel payments rose by 99.1 percent to 201.5 million euros. All the data reflects the low base effect of June last year, when travel

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  5. Despite another annual rise of 35.6 pct in Jul, producer prices fall for third straight month
    Image via www.http://www.cenergyholdings.com

    EconomyMacroeconomy

    with another solid rise of 35.6 percent year-on-year (YoY) in July, after the 39.9 percent in June, ELSTAT... a year and half. This has taken the index from 102.63 points in February last year, to 146.9 points... in the previous month. There have now been three continuous monthly drops this year and the first since August

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  6. Seasonality drives retail sales up by 12.1 pct in Jun, but cost-of-living crisis evident in volume data
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in Greece’s retail sales picked up pace again in June, rising by 12.1 percent year-on-year (YoY), from a downward revised 4.6 percent rise in May, Hellenic Statistical Authority (ELSTAT... and the inflation wave. Retail sales have been growing continuously since April last year when

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  7. PM sets out winter relief measures, rules out change to electoral law

    PoliticsGreek Politics

    as it seeks to get Greek voters on board ahead of next year’s elections. The PM also doused recent... in heating oil subsidies (up from 174 million last year), 150 million euros in subsidies for farmers... May next year. Regarding the housing benefit for young Greeks, the PM said that 1.8 billion euros

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  8. Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves

    Economy

    so far this year has one upgrade by S&P to ‘BB+’ that is also just one notch before the investment...’ twice this year, two notches from investment grade. Moody’s had not issued a review when... of the year, Greece still has one of the highest debt burdens globally and its sustainability hinges

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  9. Despite strong annual growth, flow of loans to enterprises in Aug at lowest since Jan
    Photo via https://flic.kr/p/5Yb76K

    EconomyMacroeconomy

    Credit movement in the Greek private sector gathered more pace in August, rising by 5.8 percent year-on-year (YoY), from 5.5 percent year-on-year in July and 4.5 percent rise in June, Bank of Greece... after reaching a peak of 3.7 pct in February last year, with the latest figure for August being

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  10. Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    The growth in Greece’s retail sales stayed essentially stable in July, rising by 11.9 percent year-on-year (YoY), from an only slightly downward revised 12 percent rise in June, Hellenic Statistical...-of-living impact. Retail sales have been growing continuously since April last year when they jumped

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