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  1. Energy leads import price jump of 4.4 pct YoY in June
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s import price index accelerated further in June, rising by 4.4 percent year-on-year (YoY), after a 2.8 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The index recorded more than one year of consecutive negative readings

    2%

  2. Primary balance 4 bln above target in Jul due to underspend and tax performance
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance recorded a surplus of 5.68 billion euros by July, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday. During the first seven months, the primary balance outperformed by over 4 billion euros above the target. Expenditure

    2%

  3. PM banks on restoration and compensation healing Attica fire wounds

    PoliticsGreek Politics

    and firefighting. Data indicates that just 5.3 million euros from some 550 million available has been absorbed

    2%

  4. Current account balance turns positive in June thanks to improved services surplus
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday. In June 2023, the balance showed a deficit of 731.5 million euros. The Bank of Greece notes that this is mainly due to an improvement in the primary income

    2%

  5. Tourist arrivals up by 15.5 pct in H1, average spend down by 3.1 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 2.86 billion euros in June, compared to 1.65 billion euros in May, according to data released by the Bank of Greece (BoG) on Wednesday. June's balance was 6.8 percent higher than the 2.68 billion euros recorded in June 2023. In June 2022, the balance

    2%

  6. Corporate, income taxes and VAT propel tax outperformance in July above 2 bln
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 5.67 billion euros in July, compared to a surplus of 3.56 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Up to July, the budget primary balance

    2%

  7. Building activity's upward course halts in May with 19.6 pct YoY drop
    Photo by MacroPolis

    EconomyMacroeconomy

    The strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent year-on-year (YoY), after a rise of 40.1 percent in April, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached

    2%

  8. Retail sales rise by 7.4 pct YoY in June, led by fuels
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales continued growing in June with a 7.4 percent year-on-year (YoY) rise, after an increase of 14.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also experienced a solid increase of 5.8 percent YoY. On a monthly

    2%

  9. Producer prices record first rise for 16 months, inching up by 0.1 pct in Jul
    Photo by James Montgomerie via Flickr https://flic.kr/p/jY8Sn

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) recorded a positive movement in July, rising by 0.1 percent year-on-year (YoY), after falling by 0.7 percent in June, ELSTAT data showed on Friday. This is the first positive reading since February 2023 ending a 16-month streak of contraction. The index had been

    2%

  10. Further loss of manufacturing momentum in Aug, optimism at lowest since 2022

    EconomyMacroeconomy

    Greece’s Manufacturing PMI continued to moderate in August, dropping to 52.9 points, from 53.2 points in July, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving since February 2023, however August’s reading is the weakest since

    2%