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  1. Retail index rises another 15 pct in May from 2020 lows

    EconomyMacroeconomy

    in May, from a slightly revised jump of 38.8 percent in April, according to Hellenic Statistical... of May. The corresponding volume index also jumped by 15.3 pct annually in May, after it increased... in May were seen in clothing and footwear by 47.6 percent, followed by fuel at 29.3 percent

    13%

  2. Economic sentiment improves to 108 in May, consumer confidence also recovers by 4 pts
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) recovered by 2.9 points in May, rising to 108, after dropping... June last year, when the indicator stood at 108.7 points. The index hit its most recent low in May... points in May, dropping 0.5 points from the previous month. The euro area’s ESI was 105 points, broadly

    13%

  3. Credit growth accelerates to 3.2 pct in May, led by loans to businesses
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    Credit movement in the Greek private sector was steady at 3.2 percent year-on-year (YoY) in May... stood at 2.9 percent. The net lending flow was positive by 464 million euros in May, from 609 million euros in April. The outstanding balance increased to 110.64 billion euros in May, from 110.18

    13%

  4. Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    Greece’s industrial turnover growth produced another impressive reading in May, jumping by 53.1..., the index posted growth of 18.2 percent in March 2021 and has been growing ever since. May’s figure.... In the domestic market, the rise in May was led by a 55.9 percent increase in manufacturing, and 38.7

    13%

  5. Unemployment rate hovers at 12.5 pct in May, improves by 3 pps on last year
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged in May, dropping to 12.5.... The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed people increased by 228,355 in May, with total employment staying above the four-million mark

    13%

  6. Manufacturing grows in May, but at slowest pace in last four months

    EconomyMacroeconomy

    Greece’s Manufacturing PMI remained in expansion territory in May, although it fell marginally.... This is the fourth month that the conditions in the Greek manufacturing sector have improved, though May... in May, as the pace of growth eased to the slowest in the current four-month period of expansion, being

    13%

  7. CPI growth stable at 2.8 pct in May, food inflation gathers pace at 11.6 pct
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    The rise in Greece’s Consumer Price Index (CPI) remained broadly unchanged in May, growing by 2.8... months. In May 2022, the CPI was up by 11.3 percent YoY as the wave of inflation was in full swing... months prior to May 2021, when CPI posted a marginal increase of 0.1 percent. Prices have been pushing

    13%

  8. Unemployment rate drops to 10.8 pct in May, youth figures improve to 24 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate dropped in May, landing at 10.8 percent, from... on Friday. In May last year, the unemployment rate was 12.7 percent. These are the lowest jobless rates.... The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed people

    13%

  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... month of growth in new sales, with growth in May similar to the previous month, though... led to higher input costs in May leading to the steepest rise in costs since December 2022. Despite

    13%

  10. CPI slows to 2.4 pct in May as food price increases ease
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) slowed down in May with a rise of 2.4 percent..., from a rise of 0.5 percent in April. In May 2023, the CPI was up by 2.8 percent YoY. The price index was in deflation for the 12 months prior to May 2021, when the CPI posted a marginal increase of 0.1

    13%