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Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop
EconomyMacroeconomyThe growth in Greece’s retail sales dropped pace in September, rising by 10.5 percent year-on-year (YoY), after an upwards revised 15 percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume index rose by 1.4 percent annually, from 4.4
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Producer price index quickens pace in Oct with 8.1 pct monthly rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) growth picked up pace again in October, rising by 35.4 percent year-on-year (YoY), after a rise of 29.4 percent in September, ELSTAT data showed on Wednesday. The index was in negative territory for most of 2020, and up until March 2021, when it grew annually
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Government determined to push through hospital reforms in pre-election legislative sprint
PoliticsGreek Politicsaccomplishments. It comes as poll data continue to point to an uncertain outcome for the next elections which
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PM offers uniformed personnel bonus as surveillance bill attracts more criticism
PoliticsGreek Politicsof the draft legislation. Their complaints were backed up by the heads of the Hellenic Data
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GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP dropped by 0.5 percent quarter-on-quarter (QoQ) in the third quarter (Q3), from a downwards revised 0.6 percent in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday. On an annual basis, Q3 GDP slowed down to 2.8 percent
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Trade deficit worst since 2008 as 10M figure sees 63.2 pct rise
EconomyMacroeconomyGreece’s trade deficit jumped by 70.5 percent year-on-year (YoY) in October after a 70.4 percent rise in September, according to data released by ELSTAT on Thursday. The deficit came to 4.05 billion euros for October. Imports totalled 8.81 billion euros, rising by 44.7 percent YoY. Exports totalled
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CPI growth slows to 8.5 pct as electricity prices record rare 5.3 pct YoY fall
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 8.5 percent year-on-year (YoY) in November, slowing further from the 9.1 percent in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period increased by 9.5
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Industrial production records first back-to-back drop since 2020 in Oct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped further into negative territory in October, falling by 2.5 percent year-on-year (YoY), after a decline of 1.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. This is the fourth negative print so
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Car sales fall by 0.7 pct in Nov for first drop since July
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time moved to negative territory in November, dropping by 0.7 percent year-on-year (YoY), after rising by 2.4 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In November 2021
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Growth in import prices slows to 21.3 pct in Oct
EconomyMacroeconomyGreece’s import price index further slowed down its pace in October, rising by 21.3 percent year-on-year (YoY), from 25.2 percent, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The index peaked in April with a 39.1 percent rise and has now recorded four
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