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  1. Aug PMI marks seventh month of improved manufacturing conditions, cost pressures resume
    Photo via https://flic.kr/p/vFAyry

    EconomyMacroeconomy

    Greece’s Manufacturing PMI remained in expansion territory in August, marginally falling to 52.9 points, after a solid rebound to 53.5 points in July, according to S&P Global data released on Friday. This was the seventh straight month during which the conditions in the Greek manufacturing sector

    2%

  2. Hiring balance for 7M reaches record despite first negative July reading since 2019
    Photo by MacroPolis

    PoliticsGreek Politics

    Greece’s employment balance in July turned negative by 8,294 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in July last year was 2,999 more hires, suggesting a year-on-year deterioration of 11,293 jobs. Total hirings in July

    2%

  3. GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP moved up by 1.3 percent quarter-on-quarter (QoQ) in Q2, from a slightly upwards revised 0 percent in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday. The marginal revision of the previous quarter took away the 0.1

    2%

  4. CPI maintains upwards trend with 2.7 pct rise in Aug, food inflation at 10.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) continued its upward trend in August with 2.7 percent year-on-year (YoY), after growing by 2.5 percent in June, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period in August

    2%

  5. Industrial production contracts again in July, as electricity supply drives 1.9 pct drop
    Photo via https://flic.kr/p/bwZLC3

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) recorded back-to-back contractions in July, falling by 1.9 percent year-on-year (YoY), after dropping by a downward revised 3.4 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. The index had been growing

    2%

  6. Return to investment grade overshadowed by flood destruction

    Economy

    farming in the country. The same data from ELSTAT, shows that Central Greece offered in 2020 3.26 billion

    2%

  7. Vehicle sales rise 8.3 pct YoY in Aug, led by new passenger cars
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time grew by 12.3 percent year-on-year (YoY) in August, after a 9.2 percent rise in July, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In August 2022, the year-on-year change was a 19.1 percent rise. Car

    2%

  8. Apartment prices rise in Q2 by a strong 13.9 pct YoY despite slight slowdown
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a stolid path in Q2 2023, increasing by 13.9 percent year-on-year (YoY) from an upwards revised 15 percent in Q1 2023, Bank of Greece (BoG) data released on Tuesday showed. This is a slight slowdown from the peak of Q1 2023

    2%

  9. Workers lost almost 9 pct of real income last year, research shows
    By Panayotis Tzamaros/Fosphotos

    Society

    is under 10 pct. In the EU, the latest data for 2020 was just above 10 pct for families

    2%

  10. Import prices dropped by 14.4 pct YoY in Jul, although energy segments rose MoM

    EconomyMacroeconomy

    The contraction of Greece’s import price index continued in July, falling by 14.4 percent year-on-year (YoY) after dropping by 19.4 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. This is the sixth consecutive negative reading. February

    2%