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Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 8.7 percent year-on-year (YoY) in January, following a rise of 21.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In January 2021, the year-on-year change was a drop of 27.8
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PM pledges more support as he seeks to resist inflation, pandemic threats
PoliticsGreek Politicsis expected to announce on Tuesday the highest inflation data in Greece since 1997, above 6 pct
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CPI reaches 6.2 pct in Jan as inflation hits highest since late 1990s
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up further pace in January, rising by 6.2 percent year-on-year (YoY), following a 5.1 percent increase in December, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday. The average CPI for the rolling 12-month
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Traditional sectors carry burden of job creation as unemployment levels fall
EconomyMacroeconomyadjusted, the quarterly unemployment data from ELSTAT, they are broadly in line with the monthly
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Faced with limited policy options, govt mulls inflation handout
PoliticsGreek Politicshas the data for tax revenues in February and there is a clearer picture regarding the available
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December current account deficit at 1.71 bln, worst for eight years
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 1.71 billion euros in December, from 2.52 billion euros in November, Bank of Greece (BoG) data showed on Monday. In December 2020, the balance showed a deficit of 639.4 million euros, while in December 2019 the current account posted a deficit
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Employment balance negative by 25,804 in Jan as pandemic support is wound down
EconomyMacroeconomyGreece’s employment balance stayed negative in January as departures outpaced hires by 25,804, according to data from the Labour Ministry’s Ergani information system. This followed a negative balance of 2,598 more departures than hires in December. The balance in January 2021 was positive by 2,338
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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 64 million euros in December, from a surplus of 173.8 million euros in November, according to Bank of Greece (BoG) data released on Tuesday. Aside from being significantly higher than the 2.2 million euros recorded in December last year, the latest
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Newsletter 329 - 25/02/2022
households will be taken next month, once the Finance Ministry has the data for tax revenues in February
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Uptick in retail sales accelerates to 23.8 pct in Dec, total rise for 2021 reaches 11.5 pct
EconomyMacroeconomyGreece’s retail sales marked another significant annual recovery in December, rising by 23.8 percent year-on-year (YoY), from an upwards revised 21.1 percent rise in November, Hellenic Statistical Authority (ELSTAT) data showed on Monday. It should be noted that Greece’s second lockdown
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