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  1. Economic sentiment up in Jan, consumer confidence plunges by 6 pts
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    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) experienced a solid recovery in January, rising by 1.4 points to 107.2, after an increase of 0.4 points in December, according to European Commission figures released on Tuesday. This is the highest sentiment reading si...

    3%

  2. Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
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    EconomyMacroeconomy

    Greece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday. The conditions in the Greek manufacturing sector have been improving for one year, gaining...

    3%

  3. CPI at 3.1 pct in Jan, foods up by 8.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) slowed down marginally in January, when there was a rise of 3.1 pct increase year-on-year (YoY), after an increase of 3.5 pct in December, according to the data released on Thursday by the Hellenic Stati...

    3%

  4. Strong start to budget execution in 2024 as Jan brings 2.12 bln primary surplus
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    EconomyMacroeconomy

    The budget primary balance started the new year strongly with a surplus of 2.12 billion euros in January, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday. In January, the primary balance outperformed...

    3%

  5. Jan sees sharp drop of 5.24 bln in deposits, led by corporations
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    EconomyMacroeconomy

    The net private sector deposits in the Greek banking system contracted significantly in January with a drop of 5.24 billion euros, after a 6.38 billion euros jump in December, based on the latest Bank of Greece (BoG) figures released on Tuesday. The ann...

    3%

  6. Credit expansion slows in Jan with 2.73 bln outflow
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    EconomyMacroeconomy

    The credit expansion in the Greek private sector slightly slowed in January, rising by 3 percent year-on-year (YoY), up from 3.6 percent in December, Bank of Greece (BoG) figures released on Tuesday showed. At 6.3 percent, last December’s growth was the...

    3%

  7. Producer prices drop for 11 months straight, down 6.6 pct in Jan

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) contracted for eleven successive months in January, dropping by 7 percent year-on-year (YoY), after falling by 6.6 percent in December, ELSTAT data showed on Thursday. The index had been growing over a two-year period...

    3%

  8. Unemployment rate climbs back above 10 pct in Jan
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    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate stayed above 10 percent in January, landing at 10.4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. December’s unemployment rate was an upwards revised 10.4 percent, from 9.2 pe...

    3%

  9. Catering and retail contribute to worst employment balance on record in Jan
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    EconomyMacroeconomy

    Greece’s employment balance was negative in January, with 31,977 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last year saw 27,611 more departures, a year-on-year deter...

    3%

  10. Trade deficit rises by 2.7 pct in Jan, as exports continue to fall sharply
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit recorded a rise of 2.7 percent year-on-year (YoY) in January, after a decline of 11.3 percent in December, according to data released by ELSTAT on Friday. The deficit came to 2.54 billion euros for January. Imports totalled 6.55 b...

    3%