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Economic sentiment rises in Dec despite sharp drop in retail trade
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in December, with the index at 107.4 points, from 105.9 in the previous month, according to European Commission figures released on Thursday. Over the rolling 12-month period, December’s ESI was lower by 1 poin...
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Retail sales growth slows to 1.7 pct YoY in Nov on back of sharp drop in fuel transactions
EconomyMacroeconomyGreece’s retail sales growth moderated to 1.7 percent year-on-year (YoY) in November, after a rise of 5.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. Over the eleven-month period, sales have only dropped annually...
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Hiring balance stays negative in Jan as new hires drop YoY
EconomyMacroeconomyGreece’s employment balance ended January 2026 with 18,744 more departures than hires, according to data from the Labour Ministry’s ERGANI information system. The hiring balance in January last year was also negative with 15,450 more departures, leading...
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Lending to corporates drives credit drop of 6.8 pct YoY in Apr
EconomyMacroeconomyCredit expansion in the Greek private sector remained strong in April, rising by 6.8 percent year-on-year (YoY), from 7.7 percent the previous month, Bank of Greece (BoG) figures released on Tuesday showed. The net lending flow was negative by 1.22 bill...
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Deposits fall marginally in April as rise for households offsets business drop
EconomyMacroeconomyPrivate sector deposits dropped marginally in April, with a net outflow of 66 million euros, after a rise of 2.08 billion euros in March, according to the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in April was 5.8 percen...
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Q1 GDP growth slows to 0.2 pct QoQ as investments drop
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew modestly in Q1, rising by 0.2 percent quarter-on-quarter (QoQ), from 0.7 percent increase in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been ...
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Newsletter 259 -24/07/2020
staring at big drop in turnover as liquidity calls grow Greece’s travel balance fell to 9.1 million..., receipts showed a drop of 99.7 percent to around 1.9 million euros. Receipts from travellers within... of the year, travel receipts fell by 78.5 percent to 613.7 million euros. Payments also recorded a drop
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Newsletter 209 -07/06/2019
responded by saying that they have also made it clear they do not intend to drop the threshold..., according to the latest data from Markit PMI. Despite the drop in the latest month’s reading, Markit... less than initially planned, either by choice or because spending ceilings have been set
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Newsletter 374 - 17/03/2023
pct. SYRIZA suffered a 0.8-point drop since the last poll, while none of the parties seem to have... drop year-on-year. Employment only posted a marginal quarterly rise of 1.9 pct from Q3, still above 4.1... it is understood that countries will have to own medium-term plans of fiscal policy based on spending ceilings
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New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
EconomyMacroeconomyaccelerating from 2.1 pct this year to 3.6 pct in 2025. The unemployment rate will drop to 9.7 pct in 2025... of this year. The longer-term horizon estimates debt-to-GDP to drop to just short of 115 pct of GDP... in the eurozone is based on mutually agreed spending ceilings between states and the European Commission
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