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PMI up to 58.6 pts in June on strongest rise in new orders for 21 years
EconomyMacroeconomyGreece’s manufacturing PMI in June reached 58.6 points, from 58 points in May, signaling... new export sales to their highest since February 2020. Nevertheless, output in June was affected... strength in June, amid the strongest rise in new orders for 21 years” commented Markit analysts
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Employment balance positive by 73,502 in June; most on record for month
EconomyMacroeconomyThe employment balance was positive with 73,502 more hirings than people leaving their jobs in June... year, the employment balance improved by 35,934. The balance was the highest for June going back..., part-time and shift work made up 38.4 percent and 6.9 percent of hirings, respectively. In June
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Primary cash balance deficit at 9.27 bln in June
EconomyMacroeconomyby 390 million euros in June compared with a year earlier and came to 3.19 billion euros... from last year, coming to 19.7 billion euros. Expenditure for June rose by 221 million euros year... euros compared to a deficit of 1.36 billion in June last year. The aggregate PIB balance
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Deposits jump by 1.62 bln in June, led by savings
EconomyMacroeconomyThe private sector’s net deposit movement in Greece’s banks accelerated in June, increasing by 1.62... in June. Savings deposits increased by 1.02 billion euros, while time deposits fell by 1.11 billion... in June to 179.5 billion euros.
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Deposits rise to highest level since end-2011 as corporates grow by 10 pct in June
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in June jumped by 2.72 billion... growth in June was up by 6.9 percent, from 6.3 percent in May and 5.8 percent in April. The outstanding balance of private sector deposits stood at 182.33 billion euros in June, from 179.44 billion
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Building permits turn positive in June, but rise for H1 settles at just 1.3 pct YoY
EconomyMacroeconomyThere was a reversal of the recent decline in building permits in June as the number of licences issued rose by 3 percent year-on-year (YoY), after falling by 0.4 percent in May, according... of permits issued in June reached 2,178, from 2,114 in June 2021. The corresponding surface area dropped
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Electricity and manufacturing boost industrial production for 6.7 pct growth in June
EconomyMacroeconomyCommission’s latest business surveys for June, industry confidence stayed on positive ground at 3.8 points... by only 2.5 points. In addition, Greece’s Manufacturing PMI continued to moderate in June, dropping to 54... improving for more than a year, however June’s reading is the weakest in 2024. New orders remained strong
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Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
EconomyMacroeconomy) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In June 2023, licences had grown by 9.2 percent annually. Car sales in June came to 23,640 compared to 23,427 in 2023, an increase of just 0.9 percent. Passenger cars
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Business deposits at forefront of June's 3.83 bln rise in savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system shot up in June with a rise of 3.83... released on Thursday. The annual growth in June was 2.9 percent year on year (YoY), from 2.5 percent in the preceding month. The outstanding balance of private sector deposits in June stood at 194.8
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Utilities and energy drive industrial production rise of 9.5 pct in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in June by 9.5 percent year-on-year (YoY), after... 2023. Month-on-month (MoM), the seasonally adjusted index in June recorded a jump of 9.5 percent..., dropping to 53.2 points, from 54 points in June, according to S&P Global data. The conditions
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