Search
-
Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
EconomyMacroeconomyThe strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The total number of permits issued in March
2% -
Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a solid decrease of 6.3 percent YoY. Sales have
2% -
Producer prices down by 1.4 pct YoY in May, headed by energy
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in May, dropping by 1.4 percent year-on-year (YoY), after falling by 1 percent in April, ELSTAT data showed on Friday. The index had been growing over a two-year period since March 2021, before it turned negative in March last year and has
2% -
Manufacturing continues to improve, but June PMI weakest of year
EconomyMacroeconomyGreece’s Manufacturing PMI continued to moderate in June, dropping to 54 points, from 54.9 points in May, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving for more than a year, however June’s reading is the weakest in 2024. New
2% -
Reports raise questions about some economic policy decisions
EconomyMacroeconomya deep impact, despite data highlighting that the Greek property market would be very sensitive
2% -
Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomyGreece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May last year saw 95,951 more hires, a strong year-on-year improvement of 31,069 jobs. May’s balance
2% -
CPI stable at 2.3 pct in June, food prices drop below headline figure for first time since 2022
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) moderated slightly in June with a rise of 2.3 percent year-on-year (YoY), after an increase of 2.4 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI
2% -
Electricity and manufacturing boost industrial production for 6.7 pct growth in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in May following a significant rise of 6.7 percent year-on-year (YoY), after an upwards revised 11.7 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The index now has just one
2% -
Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 3.6 percent year-on-year (YoY) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In June 2023, licences had grown by 9.2 percent annually. Car sales
2% -
Strong tax performance and underspend push 6M primary surplus to 1.7 bln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 2.9 billion euros by June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. During the first six months, the primary balance outperformed by 1.7 billion euros above the target. Expenditure
2%