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Industrial turnover continues to slide with 1 pct YoY drop in Aug
EconomyMacroeconomyGreece’s industrial turnover dropped further in August, with a decrease of 1 percent year-on-year (YoY), from a 1.8 percent drop in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. Turnover has now been in contraction for six months this year. On a rolling
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Government tries to shake off OPEKEPE stigma as PASOK struggles to make gains
PoliticsGreek PoliticsGeroulanos in a run-off vote last year, when a leadership election was triggered by PASOK’s mediocre showing..., including dropping to third place earlier this year, appear to reflect the fact that voters have... of the year or to wait a little longer in case there is an imminent move by Tsipras, to which the socialists
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Government warned to brace for repercussions of farm payments clean-up
PoliticsGreek Politicsin motion by the end of the year. The prime minister’s comments illustrate the political fallout... Michalis Katrinis claimed that 537 million euros from 2024 and 450 million euros from this year have... of sentiment this year is on a different scale, with the combined effects of the OPEKEPE scandal
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Trade deficit narrows by 13.6 pct YoY in Sep on back of oil effects
EconomyMacroeconomyGreece’s trade deficit fell sharply by 13.6 percent year-on-year (YoY) in September, after a drop of 18.8 percent in August, according to data released by ELSTAT on Friday. The deficit came to 2.67... totalled 4.25 billion euros, rising by 4 percent. In September last year, the trade deficit
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday..., and in deflation since December last year, food inflation rose by 2.3 percent, after an increase of 1.4 percent
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Budget underspend carries on in Oct as taxes continue to outperform
EconomyMacroeconomyto the better performance in collecting the current year’s taxes, as well as the better performance of the previous year’s income taxes collected in instalments until the end of February 2025. At the same... by 325 million. Last year, interest payments were 7.45 billion euros in the same period. PIB Public
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Industrial turnover jumps by 13.4 pct YoY in Sep for first rise since Jan
EconomyMacroeconomyGreece’s industrial turnover recorded a strong rebound in September, with a jump of 13.4 percent year-on-year (YoY), from a 1.5 percent drop in August, according to data released by the Hellenic... the second in the year. On a rolling 12-month basis, the industrial turnover was down by just 0.2
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OECD sees sustained growth of 2.2 pct in 2026, challenges persisting
EconomyMacroeconomypct this year, at 2.2 pct in 2026, and 1.8 pct in 2027 as strong investment gradually moderates..., with travel receipts in the first half of 2025 up 11 pct year-on-year. Limited direct exposure
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Trade deficit drops sharply in Oct, down 6 pct in 10M
EconomyMacroeconomyGreece’s trade deficit fell sharply by 18.4 percent year-on-year (YoY) in October, after a drop of 13.6 percent in September, according to data released by ELSTAT on Monday. The deficit came to 2.65... totalled 4.25 billion euros, rising by 5.8 percent. In October last year, the trade deficit was 3.25
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CPI accelerates to 2.4 pct YoY in Nov, housing costs up 3.7 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) accelerated in November with a rise of 2.4 percent year-on-year (YoY), from 2 percent in the previous month, according to the data released on Tuesday... December last year, food inflation rose by 2.7 percent, after an increase of 2.3 percent YoY
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