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PMI grows in July, but supply chain issues and price pressure come to fore
EconomyMacroeconomyGreece’s manufacturing PMI stood at 57.4 points in July, from 58.6 points in June, signalling the ongoing improvement in market conditions in Greece, Markit data showed on Monday The rates of growth in output and new sales remain near historic highs, Markit notes. The latest data is the third
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Mitsotakis apology for wildfires gets sceptical reception
PoliticsGreek Politicsin the aerial response were quashed by the Defence Ministry. Response The PM’s latest address has come
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Turkey: Fires expose how Erdogan's regime is descending into farce and caricature
Agora, throwing packets of tea at bystanders from his moving bus, was just the latest in a series
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Unemployment at 15 pct in June
EconomyMacroeconomyfor men stood at 11.8 percent, equal to a drop of 3.8 pps year-on-year. The latest available data
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Building permits jump by 62.9 pct in May, from year-earlier lockdown
EconomyMacroeconomy. The latest confidence indicator for July released by the European Commission showed
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Quiet summer in Greek-Turkish relations not seen lasting
PoliticsForeign PolicyGreece and Turkey are seemingly enjoying a calm period in their diplomatic relations this summer, but Athens is expecting things to warm up over the autumn. The latest telephone call between the two Foreign Ministers in connection to the recent wildfires - which even led Mevlut Cavusoglu to offer
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Data for total revenues in Q2 reflects recovery from end of lockdown
EconomyMacroeconomyThe latest turnover data released by the Hellenic Statistical Authority (ELSTAT) reflects signs of recovery in the Greek economy as in the second quarter of the year total revenue reached 78.38 billion euros, up by 29.4 pct year-on-year (YoY). ELSTAT has been monitoring the impact of the pandemic
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Retail turnover rises by 11.7 pct and volume by 10.8 pct in June
EconomyMacroeconomyby 0.6 percent compared to May, while volume dropped by 1.4 percent. The latest business indicators
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PM removes under-fire ministers from posts in late-summer reshuffle
PoliticsGreek Politicssuch positions. It is also worth noting the creation of a new ministry and the latest appointments are also
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General govt balance deteriorates due to deficits of state and social security funds
EconomyMacroeconomyGreece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin. In the underlying subcategories, the state
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