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  1. Q1 current account deficit widens to 4.15 bln as exports continue to shrink
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    in March, unchanged from the same month last year. Total imports came to 6.78 billion euros in March, from 7.32 billion last year. At the same time, total exports came to 4.2 billion euros, from 4.74... of 207.9 million euros, from 680.5 million euros last year. The balance of goods excluding oil and ships

    1%

  2. Industrial production jumps by 10.8 pct in Apr due to electricity and manufacturing

    EconomyMacroeconomy

    percent year-on-year (YoY), after a contraction of 0.6 percent in the previous month, according... in the middle of last year, the index has been growing since August 2023, with March being the first... year, industry confidence is now down by only 0.4 points. In addition, Greece’s Manufacturing PMI

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  3. Current account deficit continues to grow, reaching 6.84 bln up to Apr
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    to 3.16 billion euros in April, from 2.29 billion euros in the same month last year. Total imports came to 7.53 billion euros in April, from 6.2 billion last year. At the same time, total exports came... as the oil balance reached a deficit of 518.9 million euros, from 325 million euros last year. The balance

    1%

  4. Newsletter 429 - 28/06/2024

    Newsletters

    of this year, with the aim of turning SYRIZA into a political force that could mount a genuine challenge... path in the short-term, with the estimate for this year at 2.2 pct, then 2.5 pct in 2025 and 2.3 pct in the following year. This year’s estimate by the BoG is slightly more modest than the 2.5 pct

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  5. Reports raise questions about some economic policy decisions
    Photo byPanayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and rather stable growth path in the short-term, with the estimate for this year at 2.2 pct, then 2.5 pct in 2025 and 2.3 pct in the following year. This year’s estimate by the BoG is slightly more modest... the fiscal path on the basis that the spending ceiling could rise by 3 pct per year, per the latest SGP

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  6. Electricity and manufacturing boost industrial production for 6.7 pct growth in June

    EconomyMacroeconomy

    year-on-year (YoY), after an upwards revised 11.7 percent increase in the previous month, according... negative reading in March this year since August 2023. Month-on-month (MoM), the seasonally adjusted..., almost unchanged from the previous month. Since July last year, industry confidence is now up

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  7. Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    in May, from 3.02 billion euros in the same month last year. Total imports came to 7.55 billion euros in May, from 7 billion last year. At the same time, total exports came to 4.1 billion euros, from... of 1.11 billion euros, from 793.4 million euros last year. The balance of goods excluding oil and ships

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  8. Utilities and energy drive industrial production rise of 9.5 pct in June
    Photo via Flickr https://flic.kr/p/faksxt

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) grew in June by 9.5 percent year-on-year (YoY), after...) data released on Friday. The index now has just one negative reading in March this year since August... negative to -1.6 points from 3.7 points in the previous month. Since August last year, industry

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  9. Opposition slams PM's positive assessment of Athens wildfire response
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    with the way the operation was handled, noting that “every year we try to improve, with conditions..., asserting that the government “will not allow anyone to pick apart the significant effort made this year... quarter of year were communications systems worth 23.5 million euros, meteorological stations worth 6.2

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  10. Moody's latest agency to up outlook to positive, keeps rating below investment grade
    Photo by Panayiotos Tzamaros

    Economy

    , keeping it just one notch below. After the upgrade by Fitch in early December last year, becoming the most recent ratings service to award the investment grade, this year the agencies have only upped Greece... Greece to comfortably meet the primary surplus targets of 2.2 pct from this year to 2026

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