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Property prices grow by 12.2 pct in Q4, as 2022 sees rise of 11.1 pct
EconomyMacroeconomyThe increase in the nominal value of apartments in Greece remained on a solid footing in Q4 2022, rising by 12.2 percent year-on-year (YoY), from an upwards revised 11.7 percent in Q3, Bank of Greece (BoG) data released on Wednesday showed. The latest figure is the highest since before the debt
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Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
EconomyMacroeconomyGreece’s current deficit opened 2023 with a narrow current account deficit of 125.2 million euros, from 2.66 billion euros in December, Bank of Greece (BoG) data showed on Thursday. In January 2022, the balance showed a deficit of 2.12 billion euros, while in January 2021 the current account posted
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Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday. January’s balance was 40.2 percent lower from the 44 million euros registered in January 2022. Higher than the 1.7 million
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Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes
EconomyMacroeconomyThe budget primary balance in February was confirmed to be a surplus of 4.22 billion euros, compared to a surplus of 840 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday. In the first two months of the year, the budget
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Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
EconomyMacroeconomyBuilding permits closed last year on a growth trajectory thanks to a rise of 16.1 percent year-on-year (YoY), after an increase of 9 percent in November, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The total number of permits issued in December
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Growth in producer prices slows further to 4.7 pct as food products jump by 12.6 pct
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) slowed significantly in February, when it rose by 4.7 percent year-on-year (YoY) compared to 13.5 percent in January, ELSTAT data showed on Thursday. The index was in negative territory for most of 2020 and up to March 2021, when it grew annually
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Newsletter 376 - 31/03/2023
in the latest data on deposits released by the Bank of Greece, with private sector deposits dropping in February
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Retail turnover grows by 10.8 pct in Jan, volumes of food and fuel sales drop
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace in January, rising by 10.8 percent year-on-year, after an 8.8 percent increase in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index rose by just 1.4 percent annually, as volume strips out
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Manufacturing posts back to back growth in March as PMI rises to 52.8 pts
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in March, rising to 52.8 points, from 51.7 points in February, according to S&P Global data released on Monday. This is the second month on the bounce that the conditions in the Greek manufacturing sector have improved, leading
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Macroeconomic fundamentals for Greece
Agora(2020-2029)? Demographics. To answer this question, let us start with Figure 1. Data are from the UN’s most
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