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Current account hampered by goods deficit in July as travel balance drops YoY
EconomyMacroeconomybillion euros in the same month last year. Total imports came to 7.37 billion euros in July, from 6.8 billion last year. At the same time, total exports came to 4.52 billion euros, from 4.18 billion... euros, from 567.3 million euros last year. The balance of goods excluding oil and ships was 2.52
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New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
EconomyMacroeconomy. Greek primary expenditure is to grow by 2.6 pct this year and 3.7 pct in 2025, then gradually.... The macroeconomic framework of the plan sees the economy growing by 2.2 pct this year, a slight revision from the 2.5 pct included in the preliminary MTFS sent to Brussels earlier in the year, and continue
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Growth of industrial production moderates to 3.1 pct YoY in Aug
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in August by 3.1 percent year-on-year (YoY), after...) data released on Thursday. The index now has just one negative reading in March this year since... points in the previous month. Since October last year, industry confidence is now up by circa 13
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Current account surplus at 651.3 mln in Aug, travel receipts drop again YoY
EconomyMacroeconomyto 2.67 billion euros in August, from 2.96 billion euros in the same month last year. Total imports came to 6.29 billion euros in August, from 6.64 billion last year. At the same time, total exports came... balance reaching a deficit of 736 million euros, from 546.9 million euros last year. The balance
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Newsletter 439 - 01/11/2024
term in 2027, before the new formula kicks in a year later. In its latest Greek economic outlook... pct in the previous month and 10.7 pct a year ago. The current levels of unemployment are the lowest... by over 66,000 people from a year ago. Retail The retail sales contraction accelerated in August
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PMI shows slight improvement in Oct, sector outlook improves
EconomyMacroeconomyin the sector being stronger than the series average, though it is the second weakest in almost one year... reported in recent surveys, however, the rate of expansion was slower than earlier in the year... and foreign clients, with new exports falling for the first time since November last year. Input
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Industrial production growth slows to 2.4 pct YoY in Sep, led by manufacturing rise
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in September growing by 2.5 percent year-on-year... Authority (ELSTAT) data released on Friday. The index now has just one negative reading, in March this year... sharply to 1.9 points from 8.1 points in the previous month. Since November last year, industry
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Newsletter 441 - 15/11/2024
because it gained a larger share of the national vote than PASOK in last year’s general election..., and ratified a year later, the Mutual Defence Cooperation Agreement (MDCA). There was disappointment... drop of 14.7 pct year-on-year (YoY), leading the movement in passenger cars down by 3.8 pct YoY
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Current account deficit at 7.67 bln for 9M as goods balance deteriorates
EconomyMacroeconomybillion euros in the same month last year. Total imports came to 7.18 billion euros in September, from 7.06 billion last year. At the same time, total exports came to 4.04 billion euros, from 4.25 billion... of 984.8 million euros, from 482.4 million euros last year. The balance of goods excluding oil and ships
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Producer prices down by 2.3 YoY in Oct on back of fuel drop, rise in other categories
EconomyMacroeconomyyear-on-year (YoY), after a decline of 4.5 percent in September, ELSTAT data showed on Wednesday. With the exception of July this year, which provided the first positive reading since February 2023...-year period since March 2021, before it turned negative in March last year. It peaked in April
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