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  1. Industrial production drops for fourth straight month in Dec, up by 2.3 pct in 2022
    Photo via https://flic.kr/p/2iUFUMF

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) remained on negative ground in December, falling by 1.4 percent year-on-year (YoY), after a decline of 1.1 percent in November, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. This brings the index into contraction for half

    2%

  2. Car sales start 2023 with uptick of 54.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time had a solid start in 2023, rising by 54.6 percent year-on-year (YoY), after marginal growth in December by 1.3 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. In January 2022, the year-on-year

    2%

  3. Import price growth slows further to 11 pct in Dec, records back-to-back monthly drop
    Image: https://flic.kr/p/Tsun9u

    EconomyMacroeconomy

    The pace of the increase in Greece’s import price index slowed further in December, as it rose by 11 percent year-on-year (YoY), from 15.7 percent in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index peaked in April last year with a 39.1

    2%

  4. CPI stable at 7 pct in Jan as food inflation persists
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) remained broadly unchanged at the start of 2023, rising by 7 percent year-on-year in January, after increasing by 7.2 percent in December, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling

    2%

  5. Budget starts year where it left off in 2022, beating target by 618 mln in Jan
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance in January this year came to a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday. In the first month of the year, the budget

    2%

  6. Current account deficit exceeded 20 bln last year, up from 12.27 bln in 2021

    EconomyMacroeconomy

    Greece closed 2022 with a current account deficit of 2.66 billion euros, down from 3.93 billion euros in November 2022, Bank of Greece (BoG) data showed on Monday. In December 2021, the balance showed a deficit of 2.28 billion euros, while in December 2020 the current account posted a deficit

    2%

  7. Travel balance of 15.7 bln in 2022 beats 2019 levels, arrivals yet to catch up
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 71 million euros in December, from 180 million euros in November, according to Bank of Greece (BoG) data released on Tuesday. December’s balance was broadly unchanged from the 73.4 million euros registered in 2021. It was also higher than the 2.2

    2%

  8. Newsletter 371 - 24/02/2023

    Newsletters

    . Based on the latest Bank of Greece data, FDI in Greece in 2022 reached 6.4 billion euros, up from

    2%

  9. Growth of retail sales slows to 8.8 pct in Dec amid decline in volume of food sold

    EconomyMacroeconomy

    The growth in Greece’s retail sales slowed down in December, rising by 8.8 percent year-on-year (YoY), from 12.6 percent growth in November, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The annual average growth for 2022 was 12.3 percent. The corresponding volume index dropped

    2%

  10. Building permits grow by 9 pct in Nov, up 3.9 pct over 11M
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits stayed on a growth trend in November thanks to a rise of 9 percent year-on-year (YoY), after an increase of 8.2 percent in October, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The total number of permits issued in November reached

    2%