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  1. Producer Price Index contracts for third consecutive month, down 12.9 pct in May
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    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) contracted for the third consecutive month in May, falling by 12.9 percent year-on-year (YoY), from a 13.3 percent contraction in April, ELSTAT data showed... taken the index from 99.36 points in January 2021, to 131.35 points in May. Month-on-month (MoM

    9%

  2. Manufacturing remains in expansion in May amid client demand concerns
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    EconomyMacroeconomy

    Greece’s Manufacturing PMI remained in expansion territory in June, although it stayed virtually unchanged at 51.8 points, from 51.5 points in May, according to S&P Global data released on Monday..., with pace quickened from May due to demand from domestic and foreign customers. S&P notes that new

    9%

  3. Import prices fall sharply in May as energy drops by 40.5 pct

    EconomyMacroeconomy

    The contraction of Greece’s import price index picked up further pace in May, as it fell by 20.8 percent year-on-year (YoY), after dropping by 17.5 percent in April, according to data released... percent in the previous period. In May, there was a 29.2 percent decrease from the non-eurozone

    9%

  4. Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct

    EconomyMacroeconomy

    Greece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic... movement was up by 0.2 percent. Compared to May 2022, automotive fuel was down by 5.7 percent, non-food

    9%

  5. Credit expansion reaches just 66 mln of inflows in May

    EconomyMacroeconomy

    The credit expansion in the Greek private sector was little changed in May, rising by 4.8 percent year-on-year (YoY), from 4.5 percent in the previous month, Bank of Greece (BoG) figures released... to 4.47 billion. Housing loans had a negative flow of 53 million in May, from a negative flow of 85

    9%

  6. Lending to corporations drives credit growth of 11.3 pct YoY in May
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    EconomyMacroeconomy

    The credit expansion in the Greek private sector remained strong in May, rising by 11.3 percent year-on-year (YoY), from 10.9 percent in the previous month, Bank of Greece (BoG) figures released... loans had an inflow of 26 million in May, from outflow of 23 million in April and the balance

    9%

  7. Energy at forefront of 2 pct decline for industrial production in May
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical... mid-2023. Month-on-month (MoM), the seasonally adjusted index in May recorded a drop of 0.4 percent

    9%

  8. Loans to businesses keep credit growth at 7.4% YoY in May
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    EconomyMacroeconomy

    Credit expansion in the Greek private sector remained strong in May, rising by 7.4 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Monday... had an inflow of 13 million in May, from an outflow of 9 million in April and the balance standing

    9%

  9. Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) picked up pace in May with a rise of 3.9 percent year-on-year (YoY), from 2.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. Month-on-month (MoM), the seasonally adjusted index in May recorded

    9%

  10. Energy continues to drive import prices as May sees 13.3% YoY rise
    Image via www.helpe.gr

    EconomyMacroeconomy

    Greece’s import price index rose sharply by 13.3 percent year-on-year (YoY) in May, after a jump of 18.4 percent in the previous month, according to data released by the Hellenic Statistical... in contraction for the most part since early 2023. In May, there was a 22.2 percent increase from the non

    9%