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  1. Jobs in tourism push May hiring balance upwards
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance in May had 132,730 more hires than departures, according to data from the Labour Ministry’s ERGANI information system. The hiring balance in May last year was positive... hirings in May came to 368,429 hires versus 235,699 departures. Voluntary departures accounted

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  2. Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
    Image: MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 2.02 billion euros in May, compared to 735.9 million euros in April, according to data released by the Bank of Greece (BoG) on Wednesday. The May balance was 10.2 percent higher than the 1.84 billion euros recorded in May 2025. Receipts for the month

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  3. Return to bond markets to buoy coalition, may leave SYRIZA floundering
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    the coalition's case heading into local and European Parliament elections in May. Since being... campaigning tool for May's polls. However, they will now pivot to the return to bond markets, outlining... ahead of the European elections on May 25, when New Democracy will be hoping to hold off SYRIZA's

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  4. Greek economic sentiment for May at highest point since August 2008

    EconomyMacroeconomy

    Greece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points... points so far. The May figure is the highest reading since August 2008, when it stood at 101.4 points... for the third straight month, rising by 2.5 points in May to -52.5 following a 4.7-point increase

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  5. Greek trade deficit up by 21.9 pct in May as exports sink further

    EconomyMacroeconomy

    The rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). May’s figure indicates.... After dropping 7.5 percent in April, imports resumed an upward trend rising by 2.8 percent in May

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  6. Greek deposit rate almost stable, loan rate slightly up in May

    EconomyMacroeconomy

    month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than

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  7. Sharp drop of 4.2 pct in Greek industrial turnover in May

    EconomyMacroeconomy

    The drop in Greece’s Turnover Index in Industry accelerated to 4.2 percent in May from a revised 0.8 percent decline in April, according to the Hellenic Statistical Authority (ELSTAT). The May... smoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing

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  8. PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months

    EconomyMacroeconomy

    Greece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday. The headline figure for May remains below the 50-point... for Greek manufacturers. Markit noted that the worsening in May largely reflects a solid drop in new

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  9. Minor changes in Greek deposit and lending interest rates in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek households’ new time deposit rate slightly eased for the fifth straight month in May, when...) data displayed on Tuesday. The headline figure for May represents a new low since Greece entered.... The interest rate for loans to sole proprietors declined by 4 bps to 7.35 percent in May after

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  10. Building activity plummets 31.5 pct in May

    EconomyMacroeconomy

    by 31.5 percent in May, following a 5.3 percent decline in April, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. The May headline figure is the lowest negative reading since July 2015. In addition, the absolute figure of building permits landed at 849 in May, which the third lowest

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