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Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
EconomyMacroeconomyGreece’s retail sales returned to positive territory in July, with a rise of 3.1 percent year-on-year (YoY), after a drop of 1.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a drop of 3.4 percent. Sales volumes have been
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Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the sixth successive month in August, dropping by 8.3 percent year-on-year (YoY), after falling by 8.6 percent in July, ELSTAT data showed on Friday. The index was in negative territory for most of 2020 and up to March 2021, when it grew annually
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Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in September, although it fell significantly to 50.3 points, from 52.9 points in August, according to S&P Global data released on Monday. This was the eighth straight month during which the conditions in the Greek manufacturing sector have
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Newsletter 396 - 06/10/2023
they did not grow by more than 8.3 pct. The latest hard data and survey findings in industry showed
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CPI rise eases to 1.6 pct in Sep, but food up by 9.4 pct
EconomyMacroeconomyThe upward trend in Greece’s Consumer Price Index (CPI) reversed in September with a 1.6-pct rise year-on-year (YoY), after an increase of 2.7 pct in August, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period
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Industrial production stays in contraction for third successive month in Aug
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) remained in negative territory in August, after back-to-back contractions in July. It fell by 0.5 pct year-on-year (YoY), after dropping by 1.9 pct in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday
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Car sales soar by 21.6 pct in Sept, up 12.9 pct in 9M
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time picked up further pace in September, growing by 15.6 percent year-on-year (YoY), after a 12.3 percent rise in August, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In September 2022, the year-on-year
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Energy a key driver for further import prices drop of 14.6 pct in Aug
EconomyMacroeconomyGreece’s import price index continued to contract in August, falling by 14.6 percent year-on-year (YoY) after dropping by 14.4 percent in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The consecutive negative readings now stretch back more than half
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Tax revenues beat target by 3.16 bln in Sep, as contained spending leads to 6 bln primary surplus
EconomyMacroeconomyThe budget primary balance came to a surplus of 5.98 billion euros in September, compared to a surplus of just 52 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. In the nine months of the year, the budget
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Current account deficit drops further, at 6.85 bln up to Aug from 11 bln last year
EconomyMacroeconomyGreece’s current account produced a surplus of 497.7 million euros in August, from a surplus of 827.5 million euros in July, Bank of Greece (BoG) data showed on Friday. In August 2022, the balance showed a surplus of 477.7 million euros, while in August 2021 the current account posted a surplus
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