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  1. Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    of the previous year’s income taxes of natural and legal persons collected in instalments until the end of February 2024, as well as the better performance in the collection of the current year’s... expenditure. Interest payments came to 1.96 billion euros. Last year, interest payments were 1.91 billion

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  2. Lending to corporations drives credit expansion of 3.8 pct YoY in Feb
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    The credit expansion in the Greek private sector picked up pace slightly in February, rising by 3.8 percent year-on-year (YoY), up from 3 percent in January, Bank of Greece (BoG) figures released.... However, the trend had been moderating, although it did accelerate over the second half of last year

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  3. Retail sales back in contraction for Jan, as volumes fall by 8.9 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales went into contraction in January, with a drop of 2.3 percent year-on-year (YoY), after upwards revised growth of 7.6 percent in December, Hellenic Statistical Authority (ELSTAT... after sales fell continuously for nearly a year. Sales dropped for two of the months in 2023

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  4. CPI accelerates again in March, rising by 3.2 pct YoY and 1.5 pct MoM
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) increased marginally in March, with a rise of 3.2 percent year-on-year (YoY), after an increase of 2.9 percent in February, according to the data..., there are still some base effects in this year’s CPI. The price index was in deflation for the 12

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  5. Car sales contract in March, up 4 pct YoY in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time contracted by 9.2 percent year-on-year (YoY) in March, after a strong growth rate of 21.2 percent in February, according to Hellenic... sales decreased by 11.6 percent from a year earlier to 5,162. In the first quarter of 2024, road

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  6. Import price drop slows further to 2.8 pct in Feb
    Photo via Flickr https://flic.kr/p/faksxt

    EconomyMacroeconomy

    Greece’s import price index remained in contraction in February, falling by 2.8 percent year-on-year (YoY), after dropping by 6.4 percent in January, according to data released by the Hellenic... contracting since. The index peaked in April last year with a 39.1 percent rise. Month-on-month, the index

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  7. Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
    Photo via https://flic.kr/p/j1gHCm

    EconomyMacroeconomy

    performance of the previous year’s income taxes collected in instalments until the end of February 2024, as well as the better performance in the collection of the current year’s taxes, notably VAT. The full... to 3.06 billion euros, above target by 106 million. Last year, interest payments reached 2.86

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  8. Credit expansion grows by 4.5 pct in Mar, driven by corporations
    Photo via https://flic.kr/p/5Yb76K

    EconomyMacroeconomy

    The credit expansion in the Greek private sector picked up even more pace further in March, rising by 4.5 percent year-on-year (YoY), up from 3.8 percent in February, Bank of Greece (BoG) figures... year. The net lending flow was positive by 1.98 billion euros after a positive movement of 904

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  9. Sentiment unchanged in April thanks to services gains, consumer confidence also rises

    EconomyMacroeconomy

    12-month period, the ESI in April is up 1.2 points from May last year. The average ESI in the EU stood... on positive ground at 1.9 points, down from 4.8 points in the previous month. Since May last year..., now down by circa 12 points from May last year. Construction confidence returned to negative

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  10. Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb

    EconomyMacroeconomy

    Greece’s retail sales went deeper into contraction in February, with a drop of 3.8 percent year-on-year (YoY), after an upwards revised decline of 3 percent in January, Hellenic Statistical Authority.... This came after sales fell continuously for nearly a year. Sales dropped for two of the months

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