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  1. Newsletter 426 - 07/06/2024

    Newsletters

    pct QoQ. PMI Greece’s manufacturing PMI remained in expansion in May, though it slightly moderated..., although May’s growth was the slowest in four months. Greek manufacturers also reported disruptions

    2%

  2. Industrial production jumps by 10.8 pct in Apr due to electricity and manufacturing

    EconomyMacroeconomy

    by 2.1 percent. According to the European Commission’s latest business surveys for May, industry... remained in expansion in May, though it slightly moderated to 54.9 points from 55.2 points in April

    2%

  3. Sentiment drops marginally in June, consumer confidence improves slightly
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    . The euro area’s ESI was 95.9 points, from 96.1 points of May. Consumer confidence moved up... points, from 16.6 in May, now roughly 8 points from July last year. Construction confidence stayed

    2%

  4. Name deal and Beleri case test Greece's relations with North Macedonia, Albania
    Photo by Michael Button via Flickr https://flic.kr/p/ddQycw

    PoliticsForeign Policy

    and new elections in his constituency Himare – where he was elected in May 2023 but never been able to take an oath which caused the diplomatic spat between Athens and Tirana - may be one first step

    2%

  5. Government acts to prevent energy price shock in move critics say comes too late
    Photo via https://flic.kr/p/2jr5z2o

    PoliticsGreek Politics

    market rise by 33 pct since June and 66 pct since May, while prices at peak times have spiked... cap on electricity suppliers’ profit margins as early as May. The party argues that the government

    2%

  6. Business deposits at forefront of June's 3.83 bln rise in savings
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    The net private sector deposits in the Greek banking system shot up in June with a rise of 3.83 billion euros, after a 303-million-euro rise in May, based on the latest Bank of Greece (BoG) figures..., after a 363-million euros rise in May.

    2%

  7. GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
    Photo by MacroPolis

    EconomyMacroeconomy

    in the Stability Programme sent to Brussels in May, the estimate for 2024 was revised down to 2.5... in May, the OECD places Greek growth at 2 percent for this year.

    2%

  8. Credit rating reviews highlight pressure points in economy
    Photo by MacroPolis

    Economy

    may be growing but are still below the EU average. Unemployment is hovering around 10 pct... rising continuously since the recent low of 2.4 pct seen in May.

    2%

  9. Data protection ruling adds to pressure on New Democracy from ranks
    Photo by MacroPolis

    PoliticsGreek Politics

    of State. In May, the Interior Ministry received a fine of 400,000 euros and Asimakopoulou herself... relevant, suggesting that he may be biding his time and eyeing a comeback as a unifying figure after

    2%

  10. Athens ponders Syria shake-up with particular focus on Turkey

    PoliticsForeign Policy

    that it is too soon to understand how the political transition in the country may evolve. The second issue... and to avoid any incidents or statements that may disrupt the programming of the meeting of their two

    2%