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Newsletter 341 - 10/06/2022
of services. CPI Greece’s Consumer Price Index (CPI) continued its record-breaking rise in May
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Rising bond yields a concern, but not an immediate fiscal problem
Economycumulative net purchases of close to 39 billion euros as of May this year. This allowed Greece to enjoy
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Unemployment rate steady at 12.5 pct in Apr, employment continues to grow YoY
EconomyMacroeconomylow is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed people
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Import price index posts record rise of 39.1 pct in Apr, driven by energy
EconomyMacroeconomycaptured the highest price rise since the mid-90s, up by 11.3 percent in May. The latest producer price
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Parties trade accusations over alleged interference in institutions
PoliticsGreek Politicsyear. The report notes several recent events which may have contributed to the decline in trust
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Latest criticism regarding human rights, civil society rebuffed by govt
PoliticsGreek Politicsin a 2020 law to regulate protests may also be problematic from a human rights perspective. Special
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
EconomyMacroeconomythat "Confidence at manufacturers dipped notably from May, as concerns regarding the further impact
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High energy prices fuel uncertainty on fiscal front
EconomyMacroeconomyinto a national CPI of over 13 pct. The latest national CPI in May surged by 11.3 pct. More alarmingly
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Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
EconomyMacroeconomy, dropping to 104.3 points, following a recovery of 2.9 points in May.
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Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
EconomyMacroeconomyin May. Construction is now 15.7 points down from July last year.
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