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  1. Energy drives drop of 4.2 pct YoY in import prices drop for June

    EconomyMacroeconomy

    Greece’s import price index continued its contraction in May, with a drop of 4.2 percent year-on-year (YoY), after a sharp 6.3 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index has now been in contraction for nine

    2%

  2. Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance produced a surplus of 4.67 billion euros up to June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday. The primary balance came in at 2.43 billion euros above the target. Expenditure, excluding interest payments

    2%

  3. Firefighting capabilities beefed up as blazes and water shortages weigh on government

    PoliticsGreek Politics

    burnt by this time of year. However, EFFIS data for the 2006 to 2024 period indicates

    2%

  4. Significantly improved oil balance pushes current account to 196.5 mln surplus in May
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s current account recorded a surplus of 196.5 million euros in May, from a deficit of 2.11 billion euros in April, Bank of Greece (BoG) data released on Monday showed. In May 2024, the balance showed a deficit of 2.32 billion euros. The Bank of Greece notes that this is mainly in the balance

    2%

  5. Travel receipts maintain momentum in May with 17.7 pct YoY rise
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 1.88 billion euros in May, compared to 778.6 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. The May balance was 15.5 percent higher than the 1.62 billion euros recorded in May 2024. Receipts for the month were

    2%

  6. PM pledges water reform in bid to avert scarcity crisis
    Photo via www.eydap.gr

    PoliticsGreek Politics

    to leaks and theft, almost double the EU average of 23 pct. According to July 23 data from Athens water

    2%

  7. Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared to a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday. In the period, the budget primary balance

    2%

  8. Building activity continues to slide in Apr, 4M permits down 26 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity continued its slide in April with a drop of 17.3 percent year-on-year, after the collapse of 41.3 percent YoY seen in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday. The total number of permits issued in April reached 2,334, from 2,823

    2%

  9. Despite soft hiring in June, six-month balance breaks record on back of seasonal jobs
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance was positive in June with 15,668 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year had 23,961 more hires. This led to a year-on-year drop of 8,293 jobs, although it should be noted

    2%

  10. Producer prices on six-month run of rises after 1.6 pct YoY increase in Jun

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) continued growing in June, with a rise of 1.6 percent year-on-year (YoY), after an increase of 2 percent in May, ELSTAT data showed on Wednesday. This is the sixth consecutive positive reading after a period of contraction that started in March 2023. The index

    2%