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  1. Trade deficit widens by 43.9 pct in May as imports soar
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit rose by 43.9 percent year-on-year (YoY) in May, following a rise of 70.7 percent in April compared to an increase, according to data from the Hellenic Statistical Authority... products and ships, the trade deficit rose by 62.6 percent YoY in May. The aggregate figure for the first

    11%

  2. Oct CPI at highest since May 2011, led by natural gas, oil and electricity

    EconomyMacroeconomy

    . Until May this year, when CPI posted a marginal increase of 0.1 percent, the index was in negative... observed across the economy. The latest figure of 3.4 percent has not been recorded since May 2011

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  3. Deposit rise of 1.3 bln in May led by corporates as household savings drop
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    The 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... back-to-back negative flows since the same period in 2019. The annual growth in May was up to 6.3

    11%

  4. PM targets elections in May as polls show outcome is finely balanced

    PoliticsGreek Politics

    , the first of potentially two votes, will be held before the end of May. There had been intense speculation that Mitsotakis would opt for May 21, but some rumours suggested that he might want to wait

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  5. Parties focus May Day messages on contrasting employment claims
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Campaign rallies taking place on May Day gave the main contenders in Greece’s upcoming parliamentary elections an opportunity to highlight their employment policies, with each claiming to have done... by Development Minister Adonis Georgiadis. Speaking at a May Day concert organised by the SYRIZA youth wing

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  6. Producer Price Index contracts for third consecutive month, down 12.9 pct in May
    Photo via PPC https://flic.kr/p/9qi65R

    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

    11%

  7. 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

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  8. 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

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  9. 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

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  10. 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

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