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  1. Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct

    EconomyMacroeconomy

    Greece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index dropped by 0.4 percent

    2%

  2. PMI records 6 months of improved manufacturing conditions, but outlook less upbeat
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s Manufacturing PMI remained in expansion territory in July, rebounding to 53.5 points, from 51.8 points in June, according to S&P Global data released on Tuesday. This was the sixth straight month that the conditions in the Greek manufacturing sector have improved, with July’s growth

    2%

  3. Government offers free holidays, bigger fines and more hirings in evolving fire response
    Photo by MacroPolis

    PoliticsGreek Politics

    by the tourism industry. Airport arrival data for the first six months of the year indicates that 27.4 million

    2%

  4. Waiters and hospitality jobs lead way as hiring balance improves YoY in June
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance in June was positive by 28,761 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year was 19,113 more hires, suggesting an improvement of 9,648 jobs. Total hirings in June came to 357,931

    2%

  5. Government cracks down on sun lounger sprawl as public mood towards tourism sours

    PoliticsGreek Politics

    underwritten by state guarantees and data showing the burgeoning number of building permits issued for some

    2%

  6. CPI resumes upward trajectory in July, food inflation at 12.3 pct
    Photo via Flickr https://flic.kr/p/6KMfsR

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling

    2%

  7. Industrial production drops for first time in 2023, down 3.6 pct in June
    Image via www.viohalco.com

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) contracted in June, falling by 3.6 percent year-on-year (YoY), after rising by an upwards revised 1.9 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. The index had been growing in the first five months

    2%

  8. Car sales rise by 7.8 pct in July, driven by new vehicle purchases
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time remained stable in July, growing by 9.2 percent year-on-year (YoY), after a 9.2 percent rise in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In July 2022, the year-on-year change was a 2.3 percent

    2%

  9. Import prices fall for fifth straight month in June as energy drops by 38 pct

    EconomyMacroeconomy

    The contraction of Greece’s import price index continued in June, falling by 19.4 percent year-on-year (YoY), after dropping by 20.8 percent in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the fifth consecutive negative reading. February

    2%

  10. Despite drop in input costs, rising agriculture output prices cause inflation concerns

    EconomyMacroeconomy

    Food inflation is currently the most prominent challenge for households, and there was more worrying data on this front from ELSTAT on Friday in the form of the release for input and output price index in the agriculture and livestock sectors. The output index recorded an increase of 30.6 percent

    2%