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Current account balance shows surplus of 1.87 bln in August
EconomyMacroeconomycame to 2.33 billion euros, against 2.52 billion in August last year, showing a drop of 7.5 percent. At the same time, total imports reached 4.20 billion euros, from 4.46 billion euros last year, a drop...' external assets due to a drop of 1.2 billion in residents' holdings of foreign bonds and T-bills
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Industrial production declines by 4.5 pct in Dec
EconomyMacroeconomycompared to a revised downward drop of 9 percent in November, according to Hellenic Statistical...-on-month (MoM), the index increased by 5.5 percent after a drop of 5.5 percent in November. The decline... was driven by a 11.5 percent fall in the mining and quarrying index, along with a drop of 5.8 percent
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Unemployment at 16.4 pct in January
EconomyMacroeconomy-on-year. Broken down by age group, the largest annual drop in unemployment was seen in the 15-24 years.... The smallest drop in unemployment was noted for those aged 55-64, where an annual drop of 0.4 pps was noted
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Trade deficit falls by 30.3 pct in April as Covid-19 restrictions hit trade
EconomyMacroeconomyGreece’s trade deficit fell by 30.3 percent year-on-year (YoY) in April compared to a drop of 7.9.... Imports totalled 3.20 billion euros, showing a drop of 30.5 percent YoY. At the same time, exports totalled 2.07 billion euros, recording a drop of 30.6 percent compared to the same month last year
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Trade deficit falls by 47.7 pct in May
EconomyMacroeconomyGreece’s trade deficit fell by 47.7 percent year-on-year (YoY) in May compared to a drop of 30.3 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed... a drop of 39 percent YoY. At the same time, exports totalled 2.07 billion euros, recording a drop
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Industrial production drops by 7.5 percent in May
EconomyMacroeconomypercent decrease in the mining and quarrying index, followed by a drop of 8.4 percent in manufacturing... to the same period in 2019. The aggregate was driven by a 8.7 percent drop in the electricity supply index and a drop of 3.3 percent in both the manufacturing index and the mining and quarrying index
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Trade deficit falls by 10.3 pct in June
EconomyMacroeconomyGreece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed... a drop of 9.2 percent YoY. At the same time, exports totalled 2.55 billion euros, recording a drop of 8.5
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomy, to fall by more than 10 pct annually. Beyond that, Athens sees a moderate drop in the last quarter... even deeper than the second quarter drop. In the medium-term, the Fund expects Greece to return... pct of GDP deficit in 2019. In 2021, the deficit will drop to 4.5 pct and more in line
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Newsletter 269 -16/10/2020
that, Athens sees a moderate drop in the last quarter of the year. This is its base case scenario, which... being a major drag that could push third quarter GDP even deeper than the second quarter drop... will drop to 4.5 pct and more in line with the recent trend with a current account deficit of 3.6 pct
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Trade deficit falls by 30 pct in October as imports and exports remain slow
EconomyMacroeconomyGreece’s trade deficit fell by 30 percent year-on-year (YoY) in October compared to a drop of 24 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed... a drop of 16.9 percent YoY. At the same time, exports totalled 2.68 billion euros, recording a drop
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