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  1. Industrial production rises by 4.2 pct in April thanks to growth in electricity supply
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) picked up pace in April, rising by 4.2 percent year-on-year (YoY), after an upwards revised growth of 0.1 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. After last month’s revision, the index has been

    2%

  2. Car sales pick up pace in May, up 13.8 pct in first five months
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time accelerated in May, rising by 5.6 percent year-on-year (YoY), after slowing down to 1.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In May 2022, the year-on-year change was a 21.3

    2%

  3. Import price index falls for third straight month in Apr as energy prices contract by 35 pct

    EconomyMacroeconomy

    The contraction of Greece’s import price index accelerated further in April, as it fell by 17.5 percent year-on-year (YoY), after dropping by 12.7 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the third negative reading

    2%

  4. Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 2.29 billion euros in May, compared to a deficit of 1.49 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday. In the first five months of the year, the budget

    2%

  5. Growth of property prices picks up pace in Q1 with 14.5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a strong trajectory in Q1 2023, increasing by 14.5 percent year-on-year (YoY) from an upwards revised 13.5 percent in Q4 2022, Bank of Greece (BoG) data released on Monday showed. The latest figure surpassed last month’s highest

    2%

  6. Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday. In April 2022, the balance showed a deficit of 1.66 billion euros, while in April 2021 the current account posted a deficit of 2.1 billion euros

    2%

  7. Travel balance up 16 pct YoY in Apr, at 1.49 bln in first four months
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 498.2 million euros in April, from 100.2 million euros in March, according to Bank of Greece (BoG) data released on Wednesday. April’s balance was roughly 16 percent higher than the 429.2 million euros registered in April 2022. The balance in April 2021

    2%

  8. Bond re-opening with 4 pct yield completes debt strategy for year

    Economy

    in the budget execution data where interest payments came to 3.42 billion euros, above target by 374

    2%

  9. Newsletter 386 - 23/06/2023

    Newsletters

    at least to some extent on the energy front, the balance of payments data of the first four months

    2%

  10. VAT, income taxes help push May budget primary balance above target by more than 3 bln
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared to a deficit of 1.49 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday. In the first five months of the year, the budget

    2%