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  1. Accommodation and hospitality drive April hiring balance to highest on record
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance was strong as is usually the trend in April with 133,907 more hires than departures in April, according to data from the Labour Ministry’s Ergani information system. The hiring balance in April last year was also positive, with 132,352 more hires. This led to a year

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  2. Newsletter 465 - 06/06/2025

    Newsletters

    half of the year and enough macro data for the year that shape the macro outlook.MacroeconomyCharts

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  3. Q1 GDP virtually unchanged with just 0.04 pct QoQ growth, investments drop sharply
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP was virtually unchanged in Q1, rising by 0.04 percent quarter-on-quarter (QoQ), from a 0.8 percent increase in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now

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  4. CPI increases to 2.5 pct YoY in May, housing costs soar by 6 pct

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) picked up pace in May with a rise of 2.5 percent year-on-year (YoY) in May, from 2 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was 2.5

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  5. Clarity over fiscal space clears way for next set of relief measures

    EconomyMacroeconomy

    of the budget execution from the first half of the year and enough macro data for the year

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  6. Newsletter 466 - 13/06/2025

    Newsletters

    be that figure?EconomyLatest GDP data provides distinctly mixed pictureELSTAT published the latest figures

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  7. Energy a main factor in decline of April import prices by 6.3 pct YoY
    Image via www.helpe.gr

    EconomyMacroeconomy

    Greece’s import price index continued its contraction in April, with a sharp drop of 6.3 percent year-on-year (YoY), after a 2.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index has now been in contraction for eight

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  8. Revenues continue beating targets in May, tight rein on spending remains
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance ran a surplus of 5.35 billion euros up tp May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary balance came in at 4.3 billion euros above the target. Expenditure, excluding interest payments and the public

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  9. Car registrations rise by 13.5 pct YoY in May to highest since 2010

    EconomyMacroeconomy

    Vehicles going into circulation for the first time rose by 16.3 percent year-on-year (YoY) in May, after an decrease of 2.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. In May 2024, licences had dropped by 0.8 percent annually. Car sales in May

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  10. Current account deficit improves to 2.11 bln in Apr, broadly stable in 4M
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 2.11 billion euros in April, from a deficit of 3 billion euros in March, Bank of Greece (BoG) data released on Friday showed. In April 2024, the balance showed a deficit of 2.5 billion euros. The Bank of Greece notes that this is mainly due

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