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November travel receipts drop by 42.9 pct on lower French receipts
EconomyMacroeconomyof Greece (BoG) data released on Tuesday, a decline of 42.9 percent compared to the same time last year. Receipts came to 313.8 million euros, edging down by 0.8 percent year-on-year (YoY). Travel payments... flows from outside the EU28 were up by 22.1 percent. During the first 11 months of the year, travel
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Retail turnover increases by 4.1 pct in Nov, volume up by 3.1 pct
EconomyMacroeconomyis the sixth positive reading for the year so far. The corresponding volume index rose to 3.1 percent after... turned positive six times in the first 11 months of the year, and has stayed positive for four... of 1.5 points year-on-year. Overall economic sentiment fell by 1 point in January to reach 108.4
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Trade deficit falls by 7.2 pct in December and rises by 5.2 pct in 2019
EconomyMacroeconomyGreece’s trade deficit dropped by 7.2 percent year-on-year (YoY) in December compared to a rise... a rise of 10.7 percent compared to the same month last year. A breakdown of the figures by geography... for the first twelve months of the year showed that the trade deficit increased by 5.2 percent, bringing
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Retail market suffers drop in crisis era, shows consolidation towards larger businesses
EconomyFeaturesand petroleum lubricants came to 35.64 billion euros. While this represents a rise of 1.7 percent year-on-year (YoY) versus 2017, it stands 28.7 percent lower than the 2009 figure with an overall retail..., and showed a rise of 3.6 points year-on-year. While incomes and economic factors improve, the shopping
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Industrial turnover rises by 11.3 pct in December
EconomyMacroeconomyGreece’s industrial turnover increased by 11.3 percent year-on-year (YoY) in December, recovering from a revised drop of 8 percent seen in November, Hellenic Statistical Authority (ELSTAT) data... confidence rose by 0.7 points month-on-month to stand at 2.7 points. Year-on-year, industry
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Apartment prices rise by 7.5 pct in Q4 and 7.2 pct in 2019
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 7.5 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019 from a revised increase of 8.3 percent in Q3, Bank of Greece (BoG) data... that in the first 11 years of the year, 2019 has already beaten the full-year figure for 2018.
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Hotel industry sees investment in high-end units, but hampered by seasonality
EconomyFeaturesThe Greek hotel sector reported strong performance in 2019 as revenues rose by 7.3 percent year-on-year (YoY) according to data presented by the Hellenic Chamber of Hotels (HCH). The data showed that last year overall was a solid year for the tourism industry, with international tourism arrivals up
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Newsletter 241 - 28/02/2020
. With the government’s plans riding on 2.8 percent growth for the current year, there is little room... in the form of releasing central bank profits from the SMP and ANFA holdings twice a year. The Commission..., employment rises and the jobless rate is seen at 15.2 percent this year. The outlook remains broadly
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CPI edges up by 0.2 pct in February
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.2 percent year-on-year (YoY) in February, staying positive for a third consecutive month, Hellenic Statistical Authority (ELSTAT) figures showed... by 0.6 percent. The harmonised index of consumer prices (HICP) rose by 0.4 percent year-on-year
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Industrial production declines by 1.2 pct in January
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped by 1.2 percent in year-on-year (YoY) in January compared to a downward revised drop of 4.2 percent in December according to Hellenic Statistical..., industry confidence rose by 1.8 points month-on-month to stand at 4.5 points. Year-on-year, industry
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