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Industrial production drops for first time in 2023, down 3.6 pct in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) contracted in June, falling by 3.6 percent year-on-year... of 2023, with June’s print being the first negative reading since December 2022. This takes the growth...), the seasonally adjusted index in June recorded a drop of 1.5 percent, after a contraction of 0.6 percent
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Import prices fall for fifth straight month in June as energy drops by 38 pct
EconomyMacroeconomyThe contraction of Greece’s import price index continued in June, falling by 19.4 percent year... a significant base effect. The jump in June 2022 was at 32.8 percent annually. Month-on-month, the index posted a rise of 0.5 percent, from a drop of 3.5 percent in the previous month. June’s rise
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Sentiment drops marginally in June, consumer confidence improves slightly
EconomyMacroeconomyGreece’s economic sentiment (ESI) moderated slightly in June, reaching 110.6 points, from 111... the rolling 12-month period, the ESI in June is virtually unchanged as it was at 110.5 points in July last year. The average ESI in the EU stood at 96.4 points in June, from 96.6 points in the previous month
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
EconomyMacroeconomyThe budget primary balance produced a surplus of 4.67 billion euros up to June, according.... The budget balance up to June showed a deficit of 416 million euros, from a 2.26 billion euros deficit up to June 2024. The overall balance is better than the target by 2.38 billion euros. Revenues At 34.39
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Trade deficit rises sharply in June as exports continue to fall
EconomyMacroeconomyGreece’s trade deficit rose sharply by 33.2 percent year-on-year (YoY) in June, after a 31.6... euros for June. Imports totalled 7.08 billion euros, rising by 6.4 percent YoY. Exports totalled 3.94 billion euros, falling by 8.3 percent. In June last year, the trade deficit was 2.36 billion euros
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Greece's labour market is austerity's biggest casualty
Agorainvestment budget, falling property prices, tight credit conditions and a heavily taxed property ownership... their “low rate” credit cards and loans. With domestic disposable incomes reduced on average by 25..., it was 664,600. Aside from the favourable conditions in domestic demand and credit, in 2007 and 2008
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Newsletter 215 -19/07/2019
previous experience of the public sector. The government says that it will reduce the number... year. 2 Budget primary surplus at 382 mln Primary balance for June comes to a deficit of 534 million..., compared to a deficit of 46 million noted in June 2018, the Finance Ministry (MoF) preliminary
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Greece takes first round against Covid-19 but fight continues
Agoraand The Guardian, the Greek government is given credit for acting swiftly on scientific advice despite having only recently emerged from a decade-long financial crisis. A number of commentators credit... special budgets, for example for migration-related programmes or paid work experience for unemployed
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Newsletter 254 -19/06/2020
. Mitsotakis expressed his conviction that Greece would experience a strong economic recovery in 2021... percent tax credit for companies’ R&D spending, a 50 percent tax credit for “business angel... (BoG) released statistics for the first quarter (Q1) of 2020 regarding the operations of Credit
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Newsletter 17 - 27/02/2015
percent. The breakdown by segment showed consumer credit NPL at 49.5 percent, corporate at 34.4 percent..., it is becoming increasingly evident that the next four months will be an extremely testing experience.... All this forms an extremely challenging environment for the new government, which has no experience
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