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Economic sentiment stable in June, but consumer confidence drops
EconomyMacroeconomyGreece’s economic sentiment (ESI) remained broadly stable in June at 108.7, following the sharp... points to 110.9 in May. Compared to June 2020 - the indicator’s previous low following the outbreak... at 117 points in June, rising by 3 points month-on-month. Consumer confidence paused its recovery
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Industrial production up 8.8 pct in June, continues annual recovery from 2020 lows
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 8.8 percent year-on-year (YoY) in June... and June. Month-on-month (MoM), the index recorded a 3 percent rise after it dropped by 4.1 percent... and quarrying. Manufacturing is up by 8.5 percent. According to the latest business surveys for June
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Industrial turnover rises by 22.4 pct in June
EconomyMacroeconomyGreece’s industrial turnover rose 22.4 percent from a year earlier in June, compared with a revised.... The increase in June this year was the result of a 22.6 percent rise in manufacturing revenue..., following an increase of 61.7 percent the month before. In the domestic market, June’s increase
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Travel balance increases by wide margin in June from last year's tourism collapse
EconomyMacroeconomyGreece’s travel balance came to a surplus of 689.4 million euros in June from 38.5 million a year... remained below its June 2019 level, when it came to a surplus of 2.36 billion euros Receipts came... and stood at 557.5 million euros in June. For the same month of 2020, the YoY change showed a drop
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Final budget execution for June affirms solid revenues, driven by VAT and income tax
EconomyMacroeconomyeuros. The budget balance up to June came to a deficit of 6.46 billion euros, from a 12.22-billion-euro deficit in June 2021. The overall deficit is better than the target by 1.43 billion euros... of the first and second instalment of ENFIA in the months of May and June whereas were initially
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Unemployment rate drops to 12.1 pct in June, lowest since before first MoU
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate de-escalated further in June, falling to 12.1.... In June last year, the unemployment rate was 15 percent, although last year’s figure was affected... in June, with total employment staying above the four-million mark, at roughly 4.15 million people
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Import price rise slows to 32.8 pct in June, index posts first MoM drop since Nov
EconomyMacroeconomyGreece’s import price index grew at a solid pace in June, recording a rise of 32.8 percent year... percent in April. Despite the slowdown, June’s rise is the fifth highest for the index since... shy of 30 percent, to 29.6 percent, from 28.6 percent in the previous month. In June
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit... to 24.39 billion euros. Net revenues came to 30.87 billion euros. The budget balance up to June showed a deficit of 2.47 billion euros, from a 6.55-billion-euro deficit in June 2022. The overall
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Waiters and hospitality jobs lead way as hiring balance improves YoY in June
EconomyMacroeconomyGreece’s employment balance in June was positive by 28,761 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year was 19,113 more hires, suggesting an improvement of 9,648 jobs. Total hirings in June came to 357,931
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Drop in industrial turnover accelerates in June, falling by 17.2 pct YoY
EconomyMacroeconomyGreece’s industrial turnover went further into contraction in June, dropping by 17.2 percent year... annually, the index posted the highest growth on record, followed by 43.1 percent in June, hence some.... In the domestic market, the drop in June was led by a 13.4 percent decrease in manufacturing
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