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  1. Unemployment rate inched up again in Sept to 27.4 pct
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    The seasonally adjusted unemployment rate in September rose marginally to 27.4 percent, from 27.3 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT). The September rate is now just under the historic high of 27....

    7%

  2. SYRIZA stumbles again on way to May elections

    PoliticsGreek Politics

    SYRIZA landed itself in more hot water this week with its candidate choices for next month’s local and European Parliament elections, creating more doubt about the party’s credentials. The leftist party has dropped one candidate, another has been forced...

    7%

  3. Manufacturing PMI rises again, reaching 51.1 in April

    EconomyMacroeconomy

    Greece’s Manufacturing PMI improved by 1.4 points to 51.1 in April, according to Markit. This was the third reading so far in 2014 above the 50-point mark, which separates growth from contraction. The monthly movement was boosted by faster rises in outp...

    7%

  4. Greek credit contracts again in April but at slightly lower rate of 3.7 pct

    EconomyMacroeconomy

    The year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April from 4.1 percent in March, with balances easing to 215.14 billion euros, according to the Bank of Greece (BoG). Monthly net deductions slightly slipped to ...

    7%

  5. After landmark return in April, Greece prepares to tap bond markets again
    Photo by MacroPolis

    Economy

    After tapping markets in April for the first time in four years, Greece is considering another bond transaction, which could take place as early as next week, according to reports. The first bond issue on April 10 was a 3-billion-euro, 5-year note in a ...

    7%

  6. Industrial production rises again in May, by 1.8 pct, after two months of decline

    EconomyMacroeconomy

    The Greek Industrial Production Index (IPI) rose 1.8 percent in May, following drops of 2.1 and 2.3 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT). This is the third positive reading in 2014 and the sixth i...

    7%

  7. Greek PMI falls again in July, dropping to 48.7 points

    EconomyMacroeconomy

    Greece’s Manufacturing PMI headed south for the second successive month in June, easing by 0.7 points to 48.7 in July from 49.4 in June, according to Markit. This was the lowest reading since October 2013, pointing to a further deterioration in the over...

    7%

  8. Greece sees travel receipts rise again in July to reach 2.74 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts increased for the second straight month in July, rising by 14.4 percent, according to the Bank of Greece (BoG). They were up 16.3 percent in June. The absolute figures showed travel receipts reached 2.74 billion euros in July fr...

    7%

  9. Deflation rises again in Greece: CPI down by 0.8 pct in September

    EconomyMacroeconomy

    Deflation in Greece resumed an upward trend in September with the Consumer Price Index (CPI) easing by 0.8 percent from 0.3 percent in August, according to the Hellenic Statistical Authority (ELSTAT). However, the CPI rose by 2.1 percent month on month ...

    7%

  10. Travel receipts up again in September, reaching 2.3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts grew for the fourth straight month by 10.9 percent to 2.28 billion euros in September, according to the Bank of Greece (BoG). At the same time, travel payments fell by 3.4 percent to 182 million. As a result, the travel surplus ...

    7%