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  1. Import prices end 2023 with 12.3 pct drop after 27.7 pct jump in 2022

    EconomyMacroeconomy

    Greece’s import price index remained in contraction in December, as it fell by 8.7 percent year-on-year (YoY), after dropping by 8.6 percent in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The consecutive negative readings now stretch back for 11

    2%

  2. CPI at 3.1 pct in Jan, foods up by 8.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) slowed down marginally in January, when there was a rise of 3.1 pct increase year-on-year (YoY), after an increase of 3.5 pct in December, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT). The average CPI

    2%

  3. Strong start to budget execution in 2024 as Jan brings 2.12 bln primary surplus
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance started the new year strongly with a surplus of 2.12 billion euros in January, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday. In January, the primary balance outperformed by 1 billion euros above the target

    2%

  4. Newsletter 412 - 16/02/2024

    Newsletters

    as they are seen as luxuries by lower income brackets. This is also reflected in the latest data by ELSTAT

    2%

  5. Current account deficit drops sharply to 14.13 bln in 2023 as energy effects moderate
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 2.25 billion euros in December, from a deficit of 3.3 billion euros in November, Bank of Greece (BoG) data showed on Tuesday. In December 2022, the balance showed a deficit of 2.71 billion euros, while in December 2021 the current account posted

    2%

  6. Industrial turnover drops by 7.2 pct in Dec, pulling 2023 figure 4.1 pct lower

    EconomyMacroeconomy

    The contraction in Greece’s industrial turnover accelerated in December, dropping sharply by 7.2 percent year-on-year (YoY) from a 2.5 percent decrease in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. This is the ninth successive annual drop

    2%

  7. Record year for tourism in 2023 with 20.46 bln in receipts, 32.74 mln visitors
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 114.9 million euros in December, compared to 206.2 million euros in November, according to data released by the Bank of Greece (BoG) on Wednesday. December's balance was 72.1 percent higher than the 66.8 million euros recorded in December 2022

    2%

  8. Budget starts new year on track, timing factors lead to 1.16 bln outperformance

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 2.28 billion euros in the opening month of 2024, compared to a surplus of 2.77 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Monday. In January, the budget

    2%

  9. Building activity slows in Nov as permits contract by 1.2 pct YoY

    EconomyMacroeconomy

    Building permits slowed in November, dropping by 1.2 percent year-on-year (YoY), after rising by 8.7 percent year-on-year (YoY) in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday. Permits grew annually each month of 2023, apart from

    2%

  10. Retail sales recorded 3.7 pct rise in 2023, but volume dropped by 3.3 pct

    EconomyMacroeconomy

    Greece’s retail sales made strong gains in December, in line with the seasonal trend, with a rise of 7.3 percent year-on-year (YoY), after an upwards revised growth of 1.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index recorded

    2%