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  1. PMI at 53.5 pts in June as Greek manufacturing sector finishes Q2 on a positive note
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    of the Greek manufacturing sector, which had held steady during the first quarter of the year, had remained... January of this year. Inventories were used in order to meet increased production, which led to stocks... cost inflation rose for the second month at the highest rate since January last year. A wider range

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  2. Blueprint for election battle laid out in Parliament debate
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    this year or next year. The increasingly bitter tone of the discussions between the two leaders... euros per year rather than 183 billion euros. “With your stupidities, you lost us 34 billion euros per year,” the conservative leader told Tsipras. The two men also argued over the primary surplus

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  3. Employment balance records 33,620 more hirings than departures in June
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    of the year, full-time employment dropped to 48.9 percent of the total, compared to 38.8 percent for part... for the first six months of the year was the highest on record since 2001. The respective balance for the same period last year was 255,903. The activity between January to June this year was driven

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  4. S&P revises outlook to positive, sees encouraging signs after debt deal
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    , shipping and logistics. The improvement in exports was significant in 2017, with 13.5 percent year-on-year growth, excluding the value of ships. Eurogroup deal The agency reiterates that the Eurogroup... very benign, as redemptions do not exceed 11.8 billion euros, or 6.3 percent of GDP, in any year

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  5. Disposable income grows by 2.1 pct in Q1, gross savings continue to shrink
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek household disposable income grew by 2.1 percent year-on-year in the first quarter (Q1) of 2018, picking up from the increase of 0.4 percent noted in the previous quarter, according to Hellenic.... Property income dropped substantially by 16.8 percent year-on year to reach 886.8 million. Since

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  6. Deposits inflows in June reach 1.36 bln for fifth month of positive readings
    Photo by MacroPolis

    EconomyMacroeconomy

    into the Greek banking system. June’s figure now stands as the highest monthly inflow for the year so far. The balance for the same month last year showed inflows of 1.10 billion euros. A breakdown... million, reversing the decline of 104.1 million noted in May. For the first six months of the year, flows

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  7. PMI at 53.5 pts in July as optimism holds, export orders slow down
    Image via www.viohalco.com

    EconomyMacroeconomy

    had made it through the first two quarters of the year on a positive momentum which appears to be holding into the third quarter of the year. The stable start to the third quarter highlighted a solid... in manufacturing backlogs being the most marked in the year so far. Purchasing activity also experienced growth

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  8. Trade deficit up by 30.9 pct in June as imports grow faster than exports
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline... marks the first time this year that the deficit has risen after five consecutive months of declines... deficit grew by 12.3 percent YoY in June. The aggregate figure for the first six months of the year

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  9. CPI up by 0.9 pct in July to mark fourth consecutive rise
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    of deflation, 2017 was the first year that overall prices rose in Greece. The positive streak was interrupted... months of price rises this year. The average CPI for the latest 12-months since August 2017 was 0.5... year-on-year in July. Month-on-month the HICP decreased by 1.4 percent. The overall CPI

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  10. Growth conditions improving but more work needed over longer term, PBO suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    revenues came to 21.98 billion in the first six months of the year, down by 0.9 percent compared to last year’s figure of 22.18 billion. Meanwhile, expenditure rose by 2.1 percent to 24.28 billion. The balance of social security funds came to 770 million compared to 1.12 billion a year ago

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