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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2.7 points in June to 51.1 points, according to S&P Global data released on Friday. June’s PMI captured only a marginal improvement in the operating conditions of the Greek manufacturing sector and the slowest in th...
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Subdued start for building activity as permits record back-to-back drop in May
EconomyMacroeconomyThe decline in building permits slowed in May, falling by just 0.4 percent year-on-year (YoY), after a 10 percent decline in April, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. This is the second contracti...
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Growth in producer prices slows to 29.4 pct in Sep amid another monthly drop
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down further in September, although it rose by 29.4 percent year-on-year (YoY) following a 39.5 percent increase in August, ELSTAT data said on Thursday. The index was in negative terr...
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Industrial production records first back-to-back drop since 2020 in Oct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped further into negative territory in October, falling by 2.5 percent year-on-year (YoY), after a decline of 1.2 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on ...
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Industrial production contracts again in July, as electricity supply drives 1.9 pct drop
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recorded back-to-back contractions in July, falling by 1.9 percent year-on-year (YoY), after dropping by a downward revised 3.4 percent in June, according to Hellenic Statistical Authority (ELSTAT) data release...
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Despite annual drop in Sep, producer prices rise for 4 consecutive months
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the seventh successive month in September, dropping by 4.3 percent year-on-year (YoY), after falling by 8.3 percent in August, ELSTAT data showed on Monday. The index was in negative territory for most ...
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Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted strongly in October, with a 2.14-billion-euro outflow, after an upward movement of 2.23 billion euros in September, based on the latest Bank of Greece (BoG) figures released on Tuesd...
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Current account deficit to Oct plunges to 8.7 bln as energy impact eases and imports drop
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.45 billion euros in October, from a deficit of 404.3 million euros in September, Bank of Greece (BoG) data showed on Thursday. In October 2022, the balance showed a deficit of 2.71 billion euros, while in...
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Producer prices drop by 7.1 pct in 2023, non-durables up by 6 pct in Dec
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the tenth successive month in December, dropping by 6.6 percent year-on-year (YoY), after falling sharply by 8.9 percent in November, ELSTAT data showed on Tuesday. The index had been growing over a two...
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Producer prices drop for 11 months straight, down 6.6 pct in Jan
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for eleven successive months in January, dropping by 7 percent year-on-year (YoY), after falling by 6.6 percent in December, ELSTAT data showed on Thursday. The index had been growing over a two-year period...
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