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Newsletter 487 - 05/12/2025
and macroeconomic expectations. The data in the document justified initial reservations about the transformative
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew modestly in Q3, rising by 0.6 percent quarter-on-quarter (QoQ), from a downward revised 0.4 percent increase in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ
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CPI accelerates to 2.4 pct YoY in Nov, housing costs up 3.7 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) accelerated in November with a rise of 2.4 percent year-on-year (YoY), from 2 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was stable
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RRF promise fades as growth outlook weakens
EconomyMacroeconomyThe Finance Ministry submitted to the European Commission recently the latest multiyear fiscal framework for the 2026–2029 period, including updated fiscal and macroeconomic expectations. The data in the document justified initial reservations about the transformative nature of the RRF
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Farmers anger resonates with public as government struggles to resolve dispute
PoliticsGreek Politicscontinue to dominate headlines. The survey contains encouraging and worrying data
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Subdued passenger car sales lead to overall drop of 1.6 pct in Nov
EconomyMacroeconomyVehicles going into circulation for the first time dropped by 1.6 percent year-on-year (YoY) in November, after a rise of 4.1 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In November 2024, licences had increased by 1 percent annually. Car sales
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Import prices contract again in Oct with 2.4 pct drop
EconomyMacroeconomyGreece’s import price index resumed the contraction in October, with a drop of 2.4 percent year-on-year (YoY), after a 0.4 percent increase in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. Last month was the first positive reading since
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Disposable income rises in Q2, saving rate stays negative at -3 pct
EconomyMacroeconomyHousehold disposable income increased by a solid 8.1 percent year-on-year (YoY) in Q2 this year, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The absolute figure was 41.93 billion euros in Q2, from 38.78 billion euros a year ago. A rise of 3.3 percent was noted
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Government’s growth ambitions meet RRF reality
EconomyMacroeconomy. Yet data presented by Kathimerini last week suggests the RRF functions as something of an exclusive
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Budget continues to outperform in Nov as taxes beat target by 334 mln
EconomyMacroeconomyThe budget primary balance produced a surplus of 12.65 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday. The primary balance came in at 4.95 billion euros above the target. Expenditure, excluding interest payments
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