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  1. Greece out of fiscal spotlight, but economic imbalances still a worry

    Economy

    is expected to deliver a general government deficit of 1.2 pct of GDP this year, which will lead to a debt-to-GDP ratio of roughly 154 pct by the end of the year. In its annual report published last week... a recommendation from the European Council that primary expenditure from last year should not grow above

    1%

  2. Sentiment drops marginally in June, consumer confidence improves slightly
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    year. The average ESI in the EU stood at 96.4 points in June, from 96.6 points in the previous month... unchanged from the previous month. Since July last year, industry confidence is now up by only 2.5... points, from 16.6 in May, now roughly 8 points from July last year. Construction confidence stayed

    1%

  3. Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
    Image: MacroPolis

    EconomyMacroeconomy

    The strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The total number of permits issued in March

    1%

  4. CPI stable at 2.3 pct in June, food prices drop below headline figure for first time since 2022
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) moderated slightly in June with a rise of 2.3 percent year-on-year (YoY), after an increase of 2.4 percent in the previous month, according... recent high, so there are some base effects observed this year.

    1%

  5. Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
    Image: https://flic.kr/p/cBTPu

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 3.6 percent year-on-year (YoY) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT... from a year earlier to 9,719. In the first half of 2024, road motor cars have risen by 6.5 percent

    1%

  6. Strong tax performance and underspend push 6M primary surplus to 1.7 bln above target
    Image: MacroPolis

    EconomyMacroeconomy

    to the better performance of the previous year’s income taxes paid by natural and legal persons... of the current year’s taxes, such as VAT and excise taxes. The full revenue breakdown will be provided... by 369 million. Last year, interest payments were 4.59 billion euros in the same period. PIB PIB

    1%

  7. Construction market remains strong in Apr as building permits rise by 40 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The strong start to the year for building activity kept its pace in April, with a rise of 40.1 percent year-on-year (YoY), after a 39.8 percent increase in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in April

    1%

  8. Economic sentiment falls sharply in July as nearly all segments deteriorate
    Photo by MacroPolis

    EconomyMacroeconomy

    12-month period, the ESI in July is roughly 5 points below from August last year. The average ESI... year, industry confidence is now down by 5.7 points. The services index also dropped sharply... from August last year. Construction confidence also had a significant drop to 7.6 points, from 15.6

    1%

  9. Seasonal worries add to pressure on govt as opposition highlights holiday costs, hospital staffing
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    post on Sunday, Kyriakos Mitsotakis took stock of the government’s accomplishments in the year... for the year had been delivered, meaning that work would need to accelerate in the autumn to complete... announced an end-of-year bonus for low-paid pensioners, the search is now on for ways to appease self

    1%

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

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) picked up pace in July with a rise of 2.7 percent year-on-year (YoY), after an increase of 2.3 percent in the previous month, according to the data... recent high, so there are some base effects observed this year.

    1%