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  1. Q1 travel receipts point to bumper tourism season, balance up 25 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 136.6 million euros in March, compared to 111.7 million euros in February, according to data released by the Bank of Greece (BoG) on Wednesday. March's balance was 11.5 percent higher than the 122.5 million euros recorded in March 2023. In March 2022

    2%

  2. Party leaders dispute response to cost-of-living crisis

    PoliticsGreek Politics

    the government argued that inflation was imported but that this is no longer backed up by CPI data, especially

    2%

  3. Primary surplus of 3.28 bln confirmed for Apr as timing and taxes support budget
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of close to 3.28 billion euros in April, compared to a surplus of 2.44 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Monday. In April, the budget primary balance

    2%

  4. Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
    Photo by MacroPolis

    EconomyMacroeconomy

    The strong start to the year continued for building permits, with a rise of 77.8 percent year-on-year (YoY), after a 15.1 percent increase in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday. This is the third largest annual rise in building activity

    2%

  5. Despite further slowdown, property prices grew by 10.4 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent in Q4 2023, Bank of Greece (BoG) data released on Tuesday showed. There has been a gradual slowdown

    2%

  6. PM rallies supporters to polls as abstention looms large
    Photo by Panyotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    pct, down by 1.4 points since April, SYRIZA 12.9 pct and PASOK at 10.5 pct. Extrapolating the data, ND

    2%

  7. Producer prices drop 1 pct in Apr, in contraction for over one year

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) remained in contraction in April, dropping by 1 percent year-on-year (YoY), after falling by 0.1 percent in March, ELSTAT data showed on Thursday. The index has been in contraction since March last year, although some of the base effects from the inflation peak

    2%

  8. Fuel and food trigger retail sales jump of 10.9 pct in Mar
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales rebounded strongly in March, with a jump of 10.9 percent year-on-year (YoY), after a downward revised decline of 3.5 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also recorded a solid rise of 5.2 percent YoY

    2%

  9. May PMI still in expansion as firms report supply chain and cost issues
    Photo via https://flic.kr/p/vFAyry

    EconomyMacroeconomy

    Greece’s Manufacturing PMI remained in expansion in May, though it slightly moderated to 54.9 points from 55.2 points in April, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving for more than a year. The rate of growth

    2%

  10. Q1 GDP growth accelerates to 0.7 pct QoQ
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP accelerated its gains in Q1, rising by 0.7 percent quarter-on-quarter (QoQ), from a 0.3 percent rise in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2

    2%