Search
-
Travel receipts of 19.61 bln up to Oct set new record as arrivals soar by 17 pct to over 30 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.5 billion euros in October, from 3.03 billion euros in September, according to Bank of Greece (BoG) data released on Friday. October’s balance was 10.8 percent higher than the 1.35 billion euros registered in October 2022. The balance in October 2021
2% -
Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution
EconomyMacroeconomyThe budget primary balance in November was confirmed at a surplus of 5.83 billion euros, compared to a deficit of 1.09 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday. In the eleven months of the year, the budget
2% -
Building activity returns to growth in Sep, up 9 pct in 9M
EconomyMacroeconomyBuilding permits returned to growth in September, rising by 6.2 percent year-on-year (YoY), after a drop of 4 percent in August, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. Permits have been growing annually this year except in February, which saw
2% -
Retail sales barely move in Oct, collapse in volumes accelerates
EconomyMacroeconomyGreece’s retail sales barely stayed on positive ground in October, with a rise of 0.1 percent year-on-year (YoY), after a 3.3-percent rise in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a drop of 6.3 percent. Sales volumes have
2% -
Energy fuels producer price fall of 8.9 pct in Nov, but non-durable consumer goods keep rising
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the ninth successive month in November, dropping by 8.9 percent year-on-year (YoY), after falling sharply by 13.5 percent in October, ELSTAT data showed on Friday. The index had been growing over a two-year period since March 2021, before it turned
2% -
Greek manufacturing PMI at 51.3 pts in Dec, nearing a year of expansion
EconomyMacroeconomyGreece’s Manufacturing PMI experienced marginal gains in December, remaining in expansion territory and rising to 51.3 points from 50.9 points in November, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving for nearly one year
2% -
Dependency on tourism highlighted by negative hiring balance of 82,463 in Nov
EconomyMacroeconomyGreece’s employment balance stayed negative in November, with 82,463 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in November last year saw 83,627 more departures, suggesting a year-on-year improvement of 1,164 jobs. Total
2% -
Inflation accelerates to 3.5 pct in Dec, food prices jump further
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up pace in December, with a 3.5 pct increase year-on-year (YoY), after rising by 3 pct in November, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period
2% -
Car sales jump by 30.1 pct in Dec, marking 16.1 pct rise in 2023
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time recorded another solid growth rate in December, growing by 24.8 percent year-on-year (YoY), after a 24.3 percent rise in November, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In December 2022, the year
2% -
Import prices continue to contract in Nov, but at lower pace of 8.6 pct
EconomyMacroeconomyGreece’s import price index continued to contract in November, though at a slower pace than the previous month, as it fell by 8.6 percent year-on-year (YoY), after dropping by 13.4 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday
2%