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PMI drops to lowest in more than a year at 53.8 pts, but manufacturing remains on solid ground
EconomyMacroeconomy. These challenges led to the slowest expansion in the latest 14-month period of growth, Greek
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Trade deficit widens by 71.6 pct Jan-Apr, reaching total of 11.3 bln
EconomyMacroeconomywith April last year. Although the latest trade deficit figure is contained compared to the figure
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Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
EconomyMacroeconomyCommission’s latest business surveys for May, industry confidence rose by 2.1 points to 5.9. Since June
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Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
EconomyMacroeconomyin March 2021 and has been growing ever since. April is the latest strong annual growth reading
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March, based on Bank of Greece (BoG) figures released on Wednesday. The latest two months reversed
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Credit growth accelerates to 3.2 pct in May, led by loans to businesses
EconomyMacroeconomypct in February last year. The latest growth figure is the highest since March last year when growth
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Authorities say no new measures on the way despite surge in Covid-19 cases
PoliticsGreek Politicsexceed 250-300. The latest surge in infections has been attributed to the spread of Omicron variants 4
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BoG revises growth forecast down to 3.2 pct amid growing uncertainty
EconomyMacroeconomyThe uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8 pct expected in April. The BoG forecasts reflect higher uncertainty, weaker growth and a rise
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Government attempts to offer reassurance against winter energy shortages
PoliticsGreek Politicscuts implemented as far back as 2015. In the latest development, the Council of State delivered
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Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
EconomyMacroeconomy-food volumes were up by 18.8 percent. According to the latest business indicators for June
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