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Wages index rises again to reach 91 in Q3, highest since Q4 2012
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rose for the fourth successive quarter in the third quarter (Q3) of 2016, albeit at a slower pace of 1 percent year on year (YoY) from a higher increase of 4.6 percent in Q2, Hellenic Statistical Authority (ELSTA...
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Industrial turnover on downward trend again after 2.8 pct drop in Oct
EconomyMacroeconomyGreece’s Turnover Index in Industry fell by 2.8 percent in October after an upward revised increase of 9.9 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The recorded drop in October compares with a very low readin...
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6 percent in October, Bank of Greece (BoG) figures showed on Thursday. The November headline figure is the lowest contraction rate since July 2011. The mont...
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After holiday hiatus, Athens tries to get review moving again
EconomyProgrammeWith the date of the return of the institutions’ mission chiefs to Athens still unknown, Greek Finance Minister Euclid Tsakalotos is heading to Paris and Brussels this week to meet with his French counterpart Michel Sapin and European Economic Affairs C...
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Pensions main source of finance for half of households as income falls again
SocietyThe inequality fuelled by the Greek crisis expanded even further in 2016, with three-quarters of households reporting that they were worse off quantitatively and qualitatively than before and with just under half of them claiming that they rely on pensi...
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PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday. The April headline figure is the highest reading since December. It was also the eighth sub-50 reading. The latest downturn reflects ...
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Government stalls possible bond issue, clashes again with judiciary
PoliticsGreek PoliticsIt appears that plans for a trial bond issue have been shelved for the time being by the government. Press speculation last week pointed to a five-year note of around 4 billion euros being offered to investors this week. However, it appears the governme...
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Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued in August its steady rise over the last three months as it edged up by 0.8 points although this was smaller than the 4.5-point increase in the previous month, European Commission (EC) figures revealed on Wedne...
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Unemployment falls again in August, edging down to 20.6 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell to 20.6 percent in August after a downward revised 20.9 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. The headline figure brings the jobless rate to the same ...
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CPI rises again in November, at accelerating rate of 1.1 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1.1 percent in November, accelerating from the 0.7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The prices index is about to close a full rolling year in positive territor...
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