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  1. Current account balance turns positive in June thanks to improved services surplus
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday. In June 2023, the balance showed a deficit of 731.5 million euros. The Bank of Greece notes that this is mainly due to an improvement in the primary income

    2%

  2. Manufacturing leads industrial turnover rise of 4.7 pct YoY in Jun
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover picked up pace in June, rising by 6.1 percent year-on-year (YoY) from a 4.7 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. On a rolling 12-month basis, the industrial turnover was down by 0.8 percent

    2%

  3. Bumper results for banks add to frustration over interest rates, fees

    EconomyBanking

    the Bank of Greece (BoG) shows that between May 2022 and October 2023 the interest rate spread

    2%

  4. Tourist arrivals up by 15.5 pct in H1, average spend down by 3.1 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 2.86 billion euros in June, compared to 1.65 billion euros in May, according to data released by the Bank of Greece (BoG) on Wednesday. June's balance was 6.8 percent higher than the 2.68 billion euros recorded in June 2023. In June 2022, the balance

    2%

  5. Unemployment rate edges up to 9.9 pct in July
    Image: MacroPolis

    EconomyMacroeconomy

    in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number

    2%

  6. PM hopes to reset narrative with positive announcements

    PoliticsGreek Politics

    benches. Polakis was quick to celebrate her expulsion, leading to an expectation that he may return

    2%

  7. Retail sales rise by 7.4 pct YoY in June, led by fuels
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales continued growing in June with a 7.4 percent year-on-year (YoY) rise, after an increase of 14.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also experienced a solid increase of 5.8 percent YoY. On a monthly

    2%

  8. CPI at 3 pct in Aug, on upward trajectory for three straight months

    EconomyMacroeconomy

    was up by 2.7 percent YoY. The price index was in deflation for the 12 months prior to May 2021

    2%

  9. Mitsotakis unveils latest housing measures as ND rebels query foreclosure regime
    Image: MacroPolis

    PoliticsGreek Politics

    importance of tourism in the bloc’s policy agenda. The choice may come as somewhat disappointing

    2%

  10. Building activity remains in contraction for June with 1.7 pct YoY drop
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity remained in contraction in June, with a moderate drop of 1.7 percent year-on-year (YoY), after a sharp drop of 19.6 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in June reached 2,418, from

    2%