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  1. Trade deficit moderates in June, up 10.5 pct YoY in H1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit recorded a drop of 9.8 percent year-on-year (YoY) in June, after a solid rise of 13.6 percent in May, according to data released by ELSTAT on Wednesday. The deficit came to 2.35 billion euros for June. Imports totalled 6.61 billion euros, dropping by 2.5 percent YoY. Exports

    2%

  2. Inflation up to 2.7 pct in July as housing costs keep rising
    Photo by MacroPolis

    EconomyMacroeconomy

    index was in deflation for the 12 months prior to May 2021, when the CPI posted a marginal increase

    2%

  3. Energy leads import price jump of 4.4 pct YoY in June
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s import price index accelerated further in June, rising by 4.4 percent year-on-year (YoY), after a 2.8 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The index recorded more than one year of consecutive negative readings

    2%

  4. No holiday from rancour over Athens wildfire as PM accused of downplaying damage
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    disaster, which may have had a smaller footprint and fewer casualties than earlier fires but struck

    2%

  5. Current account balance turns positive in June thanks to improved services surplus
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday. In June 2023, the balance showed a deficit of 731.5 million euros. The Bank of Greece notes that this is mainly due to an improvement in the primary income

    2%

  6. Manufacturing leads industrial turnover rise of 4.7 pct YoY in Jun
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover picked up pace in June, rising by 6.1 percent year-on-year (YoY) from a 4.7 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. On a rolling 12-month basis, the industrial turnover was down by 0.8 percent

    2%

  7. Bumper results for banks add to frustration over interest rates, fees

    EconomyBanking

    the Bank of Greece (BoG) shows that between May 2022 and October 2023 the interest rate spread

    2%

  8. Tourist arrivals up by 15.5 pct in H1, average spend down by 3.1 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 2.86 billion euros in June, compared to 1.65 billion euros in May, according to data released by the Bank of Greece (BoG) on Wednesday. June's balance was 6.8 percent higher than the 2.68 billion euros recorded in June 2023. In June 2022, the balance

    2%

  9. Unemployment rate edges up to 9.9 pct in July
    Image: MacroPolis

    EconomyMacroeconomy

    in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number

    2%

  10. PM hopes to reset narrative with positive announcements

    PoliticsGreek Politics

    benches. Polakis was quick to celebrate her expulsion, leading to an expectation that he may return

    2%