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PMI rises to 41.1 points in May but manufacturer pessimism persists
EconomyMacroeconomyGreece’s manufacturing PMI increased to 41.1 points in May from 29.5 points in April, according... conditions since August 2015. The small recovery noted in May was linked to a slower decrease... for the second month running in May, as demand for inputs decreased following lower new order inflows
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Deposits rise by 1.72 bln in May
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 1.72 billion euros in May.... Deposits have reached the highest level since December 2014 when they stood at 160.29 billion. In May... deposits, which also include the general government (gg), fell by 200 million in May to come to 159.45
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Industrial turnover drops by 30.4 pct in May
EconomyMacroeconomyGreece’s industrial turnover fell by 30.4 percent year-on-year (YoY) in May compared to a drop of 35.4 percent in April, Hellenic Statistical Authority (ELSTAT) data published on Monday showed. May’s... indicators, June’s PMI index rose to 49.4 points from 41.1 points in May. The latest reading
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Retail turnover drops by 5.3 pct in May, volume drops by 5.8 pct
EconomyMacroeconomyGreece’s retail sales index decreased sharply by 5.3 percent in May following a sharp drop of 24.5... month. Compared to May 2019, the main decreases in turnover were seen in automotive fuel...). The monthly seasonally adjusted (SA) retail sales index in May rose by 26.2 percent compared to April
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Primary cash balance deficit at 8.23 bln in May
EconomyMacroeconomy, revenue rose by 496 million euros in May compared with a year earlier and came to 2.77 billion euros... billion euros from last year, coming to 16.5 billion euros. Expenditure for May rose by 595 million euros... of 474 million euros compared to a deficit of 638 million in May last year. The aggregate PIB balance
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Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomyMinistry (MoF) budget execution bulletin for May showed on Monday. The primary balance came short... billion euros compared to a deficit of 7.49 billion euros up to May last year. For the current aggregate... to May. These include the expenditure of the special purpose compensation (of employees) of about 1.65
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Industrial production up by 14 pct YoY in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 14 percent year-on-year (YoY) in May..., after rising sharply by 12.9 points in May. Year-on-year, industry confidence has jumped by 21.1... in June reached 58.6 points, from 58 points in May, signalling the ongoing improvement in market
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CPI leaps by 11.3 pct in May as food and energy prices rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) continued its record-breaking rise in May, increasing by 11.3.... The prices index was in deflation for the 12 months prior to May 2021, when CPI posted a marginal.... In May, the annual CPI movement was led by a 12.1 percent increase in food and non-alcoholic beverages
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Budget primary balance to May beats target by wide margin, taxes continue to outperform
EconomyMacroeconomy. The budget balance up to May showed a deficit of 4.06 billion euros, from a 10.8-billion-euro deficit in May 2021. The overall balance is better than the target by 2.44 billion euros. Revenues Net revenues.... Tax refunds came to 2.18 billion euros, 574 million euros above target. Expenditure Up to May
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Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year...-on-month (MoM), the index recorded a rise of 2.4 percent in May, after a drop of 9.1 percent MoM in April..., from 5.8 points in May. Since July last year, industry confidence is down by 7.5 points. In addition
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