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Unemployment drops to 11.6 pct in Oct, lowest since 2010
EconomyMacroeconomyquarter of the year did not see the desired drop given the seasonality of the labour market..., amounting to 542,941, a drop of 12.6 percent. Unemployment is now consistently below... stood at 8.4 percent, a drop of 1.6 pps year-on-year. Youth unemployment dropped by 5 pps year
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Unemployment drops to 10.8 pct in Jan, lowest since debt crisis began
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate experienced a notable drop in January, falling... fewer unemployed people in January compared with the same month of 2021, amounting to 501,948, a drop...-on-year and came to 13.9 percent, while the rate for men stood at 8.3 percent, a drop of 1.7 pps year
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Deposits continue to slide in Feb as households and firms dip into savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted further in February with a drop of 1.07 billion euros, after a 5.24 billion euros drop in January, based on the latest Bank... billion euros to 196.25 billion euros, after a 3.7-billion euros drop in January.
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Wages index continues growth in Q1 with 6.8 pct YoY rise
EconomyMacroeconomy, the index increased by 1.5 percent, after a drop of 0.5 percent in the previous quarter, the first quarterly drop since Q3 2021. The index in Q1 2024 came to 116.2 points, from 114.5 in the previous..., from 123.1 in Q4 2023, reflecting a sharp drop of 15.2 percent QoQ. Wages in Greece were in negative
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Growth of industrial production moderates to 2 pct YoY in Jan
EconomyMacroeconomy, the last recorded drop of 0.6 percent. Month-on-month (MoM), the seasonally adjusted index in January recorded a drop of 0.8 percent, after an increase of 2.4 percent in the previous month... by a drop of 6.4 percent in mining. The monthly movement was led by decreases of 0.9 percent
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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
EconomyMacroeconomya drop of 17.3 percent YoY seen in April, according to the data released by the Hellenic Statistical... down by 24.7 percent. The largest regional drop is in Epirus in north-western Greece with 31 percent decline and 422 permits, most permits were in Attica with 2,406 but with a sharp annual drop of 16
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IMF's latest macro and fiscal estimates reflect economic stability
EconomyMacroeconomyrespectively of the Greek authorities. The IMF’s projected fiscal path sees the debt to drop to just over 130 pct of GDP by 2030. For this year, the debt ratio will be 146.7 pct of GDP and drop further to 141.9 pct in 2026. The Finance Ministry expects debt to drop to 120 pct of GDP by 2030.
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Manufacturing drives industrial production increase of 6.8 pct YoY in Sep
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) resumed growth in September with a jump of 6.8 percent year-on-year (YoY) drop, after a drop of 2.8 percent in the previous month, according to Hellenic..., partially offset by a 3 percent drop in water supply. The manufacturing index was led by basic
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Deposits continue to slide in Feb, falling to 207.52 bln
EconomyMacroeconomyPrivate sector deposits recorded a further drop during February, with a net outflow of 445 million euros, after a drop of 5.18 billion euros in January, according to the latest Bank of Greece (BoG... euros to 216.38 billion euros, after a 4.85-billion euros drop in January.
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Industrial production growth slows to 1.8 pct YoY in Feb, led by manufacturing
EconomyMacroeconomyrecorded a drop of 0.9 percent. The annual movement in the index reflects a rise of 2.9 percent... and equipment, textiles. The monthly movement was led by a drop of 5.9 percent in electricity, partially offset by a 10.6 percent drop in mining, 1 percent in manufacturing and 1.3 percent in water supply
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