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  1. Industrial production stays in contraction for third successive month in Aug
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) remained in negative territory in August, after back-to-back contractions in July. It fell by 0.5 pct year-on-year (YoY), after dropping by 1.9 pct in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday

    2%

  2. Car sales soar by 21.6 pct in Sept, up 12.9 pct in 9M
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time picked up further pace in September, growing by 15.6 percent year-on-year (YoY), after a 12.3 percent rise in August, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In September 2022, the year-on-year

    2%

  3. Energy a key driver for further import prices drop of 14.6 pct in Aug

    EconomyMacroeconomy

    Greece’s import price index continued to contract in August, falling by 14.6 percent year-on-year (YoY) after dropping by 14.4 percent in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The consecutive negative readings now stretch back more than half

    2%

  4. Tax revenues beat target by 3.16 bln in Sep, as contained spending leads to 6 bln primary surplus
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 5.98 billion euros in September, compared to a surplus of just 52 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. In the nine months of the year, the budget

    2%

  5. Current account deficit drops further, at 6.85 bln up to Aug from 11 bln last year
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    Greece’s current account produced a surplus of 497.7 million euros in August, from a surplus of 827.5 million euros in July, Bank of Greece (BoG) data showed on Friday. In August 2022, the balance showed a surplus of 477.7 million euros, while in August 2021 the current account posted a surplus

    2%

  6. Industrial turnover records five months of contraction after 6.2 pct drop in Aug
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover remained in contraction in August, dropping by 6.2 percent year-on-year (YoY), from a 10.3 percent decrease in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the fifth successive annual drop, something not seen since

    2%

  7. Travel receipts of 14.66 bln to Aug beat last year, head for all-time record
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 4.11 billion euros in August, from 3.88 billion euros in July, according to Bank of Greece (BoG) data released on Monday. August’s balance was 4 percent higher than the 3.95 billion euros registered in August 2022. The balance in August 2021 was 3.02

    2%

  8. VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday. In the nine months of the year, the budget

    2%

  9. Newsletter 399 - 27/10/2023

    Newsletters

    government bonds. According to the latest data, Greece has 87 billion euros in bonds and 11.8 billion

    2%

  10. Building activity resilient, permits higher by 11.1 pct up to July
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits remained on a solid footing in July, rising by 7.5 percent year-on-year (YoY), after a rise of 13 percent in June, 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

    2%