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  1. Vehicles market grows strongly by 38.9 pct, led by new passenger cars
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time picked up further pace in October, growing strongly by 38.9 percent year-on-year (YoY), after a 15.6 percent rise in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In October 2022, the year

    2%

  2. Annual contraction of import prices slows in Sep, index growing MoM since Jun

    EconomyMacroeconomy

    Greece’s import price index continued to contract in September but at a considerably slower rate compared to recent lows as it fell by 9.2 percent year-on-year (YoY), after dropping by 14.6 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday

    2%

  3. Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 6.08 billion euros in October, compared to a deficit of 350 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday. In the ten months of the year, the budget

    2%

  4. Newsletter 402 - 17/11/2023

    Newsletters

    Christmas, as there is tangible evidence in hard data, and widespread dissatisfaction reflected

    2%

  5. Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 404.3 million euros in September, from a surplus of 497.7 million euros in August, Bank of Greece (BoG) data showed on Monday. In September 2022, the balance showed a deficit of 850 million euros, while in September 2021 the current account posted

    2%

  6. Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
    Athens Airport metro

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 3.03 billion euros in September, from 4.11 billion euros in August, according to Bank of Greece (BoG) data released on Tuesday. September’s balance was 13.5 percent higher than the 2.67 billion euros registered in September 2022. The balance

    2%

  7. Greece - Some structural macroeconomic arithmetic
    Photo by MacroPolis

    Agora

    ] The latter variable is described as average labor productivity (Q/L). From historical data, we can see

    2%

  8. Despite slowdown, property prices jump by 11.9 pct YoY in Q3
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece stayed strong in Q3 2023, increasing by 11.9 percent year-on-year (YoY) from an upwards revised 14.5 percent in Q2 2023, Bank of Greece (BoG) data released on Thursday showed. This is a slight slowdown from the peak of Q1 2023, when prices

    2%

  9. Aug sees second annual drop in building activity with 4 pct decline
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits posted the second negative reading of the year in August, falling by 4 percent year-on-year (YoY), after a rise of 7.5 percent in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday. Permits have been growing annually this year except

    2%

  10. Retail sales rise by 3.3 pct in Sep, but falling volume reflects challenges
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales stayed in positive ground in September, with a rise of 3.3 percent year-on-year (YoY), after a 2.7-percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index recorded a drop of 3.6 percent. Sales volumes have been

    2%