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  1. Timing factors, underspend lead to budget outperformance of 4.54 bln in 2023
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 3.69 billion euros for the full year in December, compared to a deficit of 6.65 billion euros in 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. In 2023, the primary balance outperformed

    2%

  2. Despite months of input cost declines, rise in agriculture prices doubles to 3.8 pct in Nov

    EconomyMacroeconomy

    The output price index in agriculture picked up pace in November with a rise of 3.8 percent year-on-year (YoY), doubling from the 1.9 percent in the previous month, ELSTAT data showed on Monday. This underlines the challenge households are facing with respect to food prices. Agriculture

    2%

  3. Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2022, the balance showed a deficit of 3.91 billion euros, while in November 2021 the current account posted

    2%

  4. Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover remained in contraction in November, dropping by 2.7 percent year-on-year (YoY) from a 2 percent decrease in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the eight successive annual drop, something not seen since

    2%

  5. Newsletter 408 - 19/01/2024

    Newsletters

    government as the latest data for December showed that headline inflation picked up pace and food prices

    2%

  6. Close to 32 mln visitors by Nov as 11-month travel receipts set record

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 206.2 million euros in November, from 1.5 billion euros in October, according to Bank of Greece (BoG) data released on Monday. November’s balance was 3.9 percent higher than the 198.5 million euros registered in November 2022. The balance in November

    2%

  7. Primary surplus lands at 3.92 bln in 2023 thanks to significant underspend and RRF funds
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance in December was confirmed at a surplus of 3.92 billion euros, compared to a deficit of 6.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Thursday. For the full year 2023, the budget outperformed

    2%

  8. Building permits pick up pace in Oct with 8.7 pct growth
    Image: MacroPolis

    EconomyMacroeconomy

    Building permits picked up pace in October, rising by 8.7 percent year-on-year (YoY), after a rise of 6.2 percent in September, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. Permits have been growing annually this year, except in February, which saw the first

    2%

  9. Producer prices drop by 7.1 pct in 2023, non-durables up by 6 pct in Dec
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) contracted for the tenth successive month in December, dropping by 6.6 percent year-on-year (YoY), after falling sharply by 8.9 percent in November, ELSTAT data showed on Tuesday. The index had been growing over a two-year period since March 2021, before

    2%

  10. Retail sales make marginal YoY gains in Nov, volumes continue to fall sharply
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales made marginal gains in November, with a rise of 0.6 percent year-on-year (YoY), after no change in October, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume index recorded a drop of 5.2 percent. Sales volumes have contracted for eight

    2%