Search
-
Import price drop slows further to 2.8 pct in Feb
EconomyMacroeconomyGreece’s import price index remained in contraction in February, falling by 2.8 percent year-on-year (YoY), after dropping by 6.4 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The consecutive negative readings now stretch back for 13 months
2% -
Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
EconomyMacroeconomyThe budget primary balance recorded a surplus of 2.95 billion euros in March, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. In March, the primary balance outperformed by 822 million euros above the target. Expenditure, excluding interest
2% -
Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.16 billion euros in February, from a surplus of 1.7 billion euros in January, Bank of Greece (BoG) data showed on Friday. In February 2023, the balance showed a deficit of 1.34 billion euros. The Bank of Greece notes that this is mainly due
2% -
Signs of rally for ND despite strong dissatisfaction among voters
PoliticsGreek Politicsthat they view the main opposition party, SYRIZA, in a negative light. The polling data gives
2% -
Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
EconomyMacroeconomyGreece's travel balance recorded a surplus of 111.7 million euros in February, compared to 112.6 million euros in January, according to data released by the Bank of Greece (BoG) on Monday. February's balance was just 1 percent higher than the 116.2 million euros recorded in February 2023
2% -
March hirings balance hits new high, boosted by seasonal jobs in catering and accommodation
EconomyMacroeconomyGreece’s employment balance was strong in March, with 63,689 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in March last year saw 61,912 more hires, a year-on-year improvement of 1,777 jobs. Total hirings in March came
2% -
Building permits start year strongly with 15.1 pct rise in Jan
EconomyMacroeconomyBuilding permits started the new year strongly with a rise of 15.1 percent year-on-year (YoY), after a modest 0.6 percent increase in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in January reached 2,123, from
2% -
Corporate taxation, underspend lead to 3 bln primary surplus in March
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of close to 3 billion euros in March, compared to a surplus of 3.08 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In March, the budget primary balance
2% -
Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb
EconomyMacroeconomyGreece’s retail sales went deeper into contraction in February, with a drop of 3.8 percent year-on-year (YoY), after an upwards revised decline of 3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index recorded a sharp decrease of 9.8
2% -
As base effect wears off, producer prices fall by just 0.1 pct in Mar
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded only a marginal contraction in March, dropping by 0.1 percent year-on-year (YoY), after falling by 4.3 percent in February, ELSTAT data showed on Tuesday. The index had been growing over a two-year period since March 2021, before it turned negative
2%