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  1. CPI up by 1.4 pct in July as higher fuel prices and cost of electricity filter through

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) increased by 1.4 percent year-on-year (YoY) in July, accelerating from the 1 percent rise in June, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Monday. The average CPI for the rolling 12 months fell by 1.3 percent

    2%

  2. Car sales increase by 10.3 percent in July
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 10.3 percent in July compared to an increase of 40.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In July 2020, the year-on-year change showed a drop of 12.3 percent. Car sales in July came

    2%

  3. Building permits jump by 62.9 pct in May, from year-earlier lockdown
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits increased by 62.9 percent year-on-year (YoY) in May after an increase of 124.5 percent seen in April, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed. The total number of permits came to 2,222. In the same month of 2020, the country was still in its first

    2%

  4. Employment balance positive by 24,395 in July on tourism hires
    Photo by MacroPolis

    EconomyMacroeconomy

    The employment balance was positive with 24,395 more hirings than people leaving their jobs in July, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, the employment balance worsened by 43,516. Total hirings came to 288,893 versus 264,498

    2%

  5. Primary cash balance deficit at 8.67 bln in July
    Photo by MacroPolis

    EconomyMacroeconomy

    of 3.26 billion euros. The Finance Ministry released its own preliminary data this week that showed

    2%

  6. Current account shows deficit of 1.34 bln in June as tourism begins to come back
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece posted a current account (C/A) deficit of 1.34 billion euros in June compared to 1.4 billion euros in May, Bank of Greece (BoG) data showed on Friday. In June 2020, the balance showed a deficit of 1.43 billion euros, meaning that the month’s improved by 87.6 million euros year-on-year (YoY

    2%

  7. Travel balance increases by wide margin in June from last year's tourism collapse
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance came to a surplus of 689.4 million euros in June from 38.5 million a year ago, when the pandemic caused a collapse in tourism, Bank of Greece (BoG) data has shown. The balance remained below its June 2019 level, when it came to a surplus of 2.36 billion euros Receipts came

    2%

  8. Retail turnover rises by 11.7 pct and volume by 10.8 pct in June
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index rose by 11.7 percent in June following a revised increase of 14.8 percent in May, Hellenic Statistical Authority data showed on Tuesday. This the third straight increase in the index, following a drop in 12 of the previous 13 months with the retail sector hit hard

    2%

  9. GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP rose by 3.4 percent quarter-on-quarter (QoQ) in the second (Q2) quarter of the year, from a slightly upwards revised 4.5 percent in the first quarter (Q1) of 2021, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday. On annual

    2%

  10. Trade deficit widens by 28.9 pct in July due to higher oil prices
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    Greece’s trade deficit increased by 28.9 percent year-on-year (YoY) in July according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday. The deficit came to 2.12 billion euros for the month. Imports totalled 5.65 billion euros, rising by 23.7 percent YoY. Exports totalled

    2%