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  1. CPI resumes upward trajectory in July, food inflation at 12.3 pct
    Photo via Flickr https://flic.kr/p/6KMfsR

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling

    2%

  2. Industrial production drops for first time in 2023, down 3.6 pct in June
    Image via www.viohalco.com

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) contracted in June, falling by 3.6 percent year-on-year (YoY), after rising by an upwards revised 1.9 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. The index had been growing in the first five months

    2%

  3. Car sales rise by 7.8 pct in July, driven by new vehicle purchases
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time remained stable in July, growing by 9.2 percent year-on-year (YoY), after a 9.2 percent rise in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In July 2022, the year-on-year change was a 2.3 percent

    2%

  4. Import prices fall for fifth straight month in June as energy drops by 38 pct

    EconomyMacroeconomy

    The contraction of Greece’s import price index continued in June, falling by 19.4 percent year-on-year (YoY), after dropping by 20.8 percent in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the fifth consecutive negative reading. February

    2%

  5. Despite drop in input costs, rising agriculture output prices cause inflation concerns

    EconomyMacroeconomy

    Food inflation is currently the most prominent challenge for households, and there was more worrying data on this front from ELSTAT on Friday in the form of the release for input and output price index in the agriculture and livestock sectors. The output index recorded an increase of 30.6 percent

    2%

  6. Underspend and improved tax collection help budget beat target by 881 mln in July
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 3.56 billion euros in July, compared to a deficit of 1.16 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday. In the first seven months of the year, the budget

    2%

  7. Govt looks to tax bonanza for autumn handouts announcement
    Photo via https://flic.kr/p/GG7K6F

    PoliticsGreek Politics

    on the horizon, the Finance Ministry has been scrutinising the budget execution data for funds

    2%

  8. Impact of energy moderates, current account deficit narrows to 7.86 bln in 6M

    EconomyMacroeconomy

    Greece’s current deficit narrowed further to 638.2 million euros in June, from 1.65 billion euros in May, Bank of Greece (BoG) data showed on Monday. In June 2022, the balance showed a deficit of 842.2 million euros, while in June 2021 the current account posted a deficit of 1.35 billion euros

    2%

  9. Government dampens expectations for handouts in PM's speech

    PoliticsGreek Politics

    of the year, when there is a clearer picture regarding the final budget execution data for 2023, which

    2%

  10. Travel surplus rises to 5.06 bln in June as arrivals soar by 26 pct in 6M
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 2.73 billion euros in June, from 1.54 billion euros in May, according to Bank of Greece (BoG) data released on Tuesday. June’s balance was roughly 17 percent higher than the 2.23 billion euros registered in June 2022. The balance in June 2021 was just

    2%