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  1. Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63 billion euros. The Bank of Greece notes that this is mainly due to a deterioration in the balance

    2%

  2. Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
    Image: MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. May's balance was 2.7 percent higher than the 1.61 billion euros recorded in May 2023. In May 2022, the balance

    2%

  3. Construction market remains strong in Apr as building permits rise by 40 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The strong start to the year for building activity kept its pace in April, with a rise of 40.1 percent year-on-year (YoY), after a 39.8 percent increase in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in April

    2%

  4. Primary surplus reaches 2.91 bln in Jun as VAT and corporate tax lead revenue outperformance
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 2.91 billion euros in June, compared to a surplus of 2.12 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday. Up to June, the budget primary balance

    2%

  5. Led by energy, producer prices drop by 0.7 pct YoY in June
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) remained in contraction in June, dropping by 0.7 percent year-on-year (YoY), after falling by 1.4 percent in May, ELSTAT data showed on Tuesday. The index had been growing over a two-year period since March 2021, before it turned negative in March last year

    2%

  6. Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance moderated in June, with 23,961 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year saw 28,761 more hires, a year-on-year drop of 4,800 jobs as seasonal hires took place in previous

    2%

  7. Late Easter helps retail sales rise by 14.3 pct YoY in May
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume index also recorded a solid increase of 10.5 percent YoY. May this year was favoured

    2%

  8. PMI moderates again in July to 53.2 pts as firms' confidence reaches 10-month low
    Photo via https://flic.kr/p/N3FV1

    EconomyMacroeconomy

    Greece’s Manufacturing PMI continued to moderate in July, dropping to 53.2 points, from 54 points in June, according to S&P Global data released on Thursday. The conditions in the Greek manufacturing sector have been improving for more than a year, however July’s reading is the weakest in 2024. New

    2%

  9. Greece courts danger
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    is some 60 pct longer than around a decade earlier. No EU country for which there is such data takes

    2%

  10. Domestic factors seen playing role in PM's pick for European Commission

    PoliticsGreek Politics

    . Opposition parties, however, homed in on a new requirement to erase data after five years, a change which

    2%