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  1. Back-to-back contraction for PMI in Aug reflects tough conditions for manufacturing

    EconomyMacroeconomy

    Greece’s Manufacturing PMI dropped by just 0.3 points in August to 48.8 points, after a 2-point drop to 49.1 in July, according to S&P Global data released on Thursday. August’s PMI captured back-to-back, albeit modest, declines in the state of the Greek manufacturing sector, with the latest fall

    4%
  2. Deposits growth slows to 89 mln in Aug as corporations record back-to-back drops
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    and other deposits were down by 153 million to 24.12 billion. There was a drop in corporate deposits

    4%
  3. Disposable income rises by 1.7 pct in Q2, but saving rate of -14.2 pct lowest since 2014
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Household disposable income increased by 1.7 percent year-on-year (YoY) in the second quarter (Q2) of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The absolute figure was 32.98 billion euros, from 32.45 billion euros a year ago. A drop of 7.4 percent

    4%
  4. Industrial production back in negative territory for Sep as electricity supply drops sharply

    EconomyMacroeconomy

    adjusted index also recorded a decrease of 3 percent, after a drop of 1.1 percent in the previous month

    4%
  5. PBO sees economy making soft landing, but facing challenges ahead

    EconomyMacroeconomy

    attributes this to the negative effects of inflation on disposable income and consumption, the drop

    4%
  6. Company revenues rise by 35.5 pct in 2022 on back of inflation and card transactions
    Photo by MacroPolis

    EconomyMacroeconomy

    the annual drop was 12.5 percent. The biggest rise was noted in the accommodation and catering sector

    4%
  7. Credit growth slows in Feb, loans balance stable at 113.35 bln
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    by 27 million euros, after a drop of 2.02 billion euros in January. The outstanding balance decreased

    4%
  8. Manufacturing continues to grow in April, sector sentiment highest since Jan 2022

    EconomyMacroeconomy

    is attributed to a sharp rise in orders thanks to strong demand from existing customers and a drop

    4%
  9. Risk of poverty drops to 26.3 pct, reflecting post-Covid rebound
    Photo by Aggeliki Koronaiou/Fosphotos

    Society

    The latest poverty data from ELSTAT covering 2022, using 2021 as reference year, was published on Monday. It captures the post-pandemic economic recovery, recording a drop of 2 percentage points for the population at risk of poverty and social exclusion to 26.3 percent. This came after a rise

    4%
  10. EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    -escalate to 160.2 pct of GDP in 2023 and 154.4 pct in 2024. The current account deficit will drop

    4%