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  1. Primary surplus lands at 3.92 bln in 2023 thanks to significant underspend and RRF funds
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance in December was confirmed at a surplus of 3.92 billion euros, compared to a deficit of 6.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Thursday. For the full year 2023, the budget outperformed

    2%

  2. Building permits pick up pace in Oct with 8.7 pct growth
    Image: MacroPolis

    EconomyMacroeconomy

    Building permits picked up pace in October, rising by 8.7 percent year-on-year (YoY), after a rise of 6.2 percent in September, 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 the first

    2%

  3. Producer prices drop by 7.1 pct in 2023, non-durables up by 6 pct in Dec
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) contracted for the tenth successive month in December, dropping by 6.6 percent year-on-year (YoY), after falling sharply by 8.9 percent in November, ELSTAT data showed on Tuesday. The index had been growing over a two-year period since March 2021, before

    2%

  4. Retail sales make marginal YoY gains in Nov, volumes continue to fall sharply
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales made marginal gains in November, with a rise of 0.6 percent year-on-year (YoY), after no change in October, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume index recorded a drop of 5.2 percent. Sales volumes have contracted for eight

    2%

  5. Government tries to appease farmers, will continue to court political centre
    Image: MacroPolis

    PoliticsGreek Politics

    her to take over as the head of the Data Protection Authority. Androulakis said that this was later

    2%

  6. Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
    Photo via https://flic.kr/p/uwEAar

    EconomyMacroeconomy

    Greece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday. The conditions in the Greek manufacturing sector have been improving for one year, gaining more ground into the expansion territory

    2%

  7. Rule of law concerns in spotlight again as government focusses on farmers' grievances
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    country’s score is a combination of at least the data sources drawn from 13 different corruption surveys

    2%

  8. Newsletter 410 - 02/02/2024

    Newsletters

    for mortgages in December was more than 5 pct according to Bank of Greece data. Ahead of last year’s

    2%

  9. Labour market improves further in 2023, with 43,802 more hirings
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance turned positive in December, with 18,496 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in December last year saw 8,867 more hires, suggesting a year-on-year improvement of 9,629 jobs. Total hirings

    2%

  10. Car market starts year on the up, with 6.7 pct rise in Jan

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time opened the new year with a growth rate of 8.6 percent year-on-year (YoY) in January, after a 24.8 percent rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In January 2023, the growth rate

    2%