Search
-
Retail sales rise by 7.4 pct YoY in June, led by fuels
EconomyMacroeconomyGreece’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
1% -
Further loss of manufacturing momentum in Aug, optimism at lowest since 2022
EconomyMacroeconomyDecember last year. The not so robust upturn in the month was due to lower production and despite good new orders inflows the pace of expansion eased to the softest since September last year
1% -
Mitsotakis looks to last-minute announcements to top up lean TIF offerings
PoliticsGreek Politicsthe finance team to base their calculations for next year’s budget on more optimistic growth projections. The indications so far are that this year’s tax revenues will overshoot the target
1% -
Weak exports to EU markets drive 9.6 pct rise in 7M trade deficit
EconomyMacroeconomyGreece’s trade deficit recorded a rise of 6.6 percent year-on-year (YoY) in July, after a drop of 9.8 percent in June, according to data released by ELSTAT on Friday. The deficit came to 2.71 billion euros for July. Imports totalled 7.33 billion euros, rising by 6.3 percent YoY. Exports totalled
1% -
CPI at 3 pct in Aug, on upward trajectory for three straight months
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up further pace in August with a rise of 3 percent year-on-year (YoY), after an increase of 2.7 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI
1% -
Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wages index captures employees’ gross earnings
1% -
Sharp drop in new car sales as vehicle registrations decrease by 5.8 pct in Aug
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 5.8 percent year-on-year (YoY) in August, after a rise of 13.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In August 2023, licences had grown by 12.3 percent annually. Car
1% -
Mitsotakis unveils latest housing measures as ND rebels query foreclosure regime
PoliticsGreek Politicshad helped 9,000 households get on the housing ladder in the past year at an affordable price... Left called the appointment “infuriating”, noting that a year after the crash Greece continues
1% -
Newsletter 433 - 20/09/2024
not granted the investment grade, leaving Greece one notch below. After a successful year in 2023, when Greece secured the investment grade from almost all agencies, this year S&P only upgraded
1% -
Erdogan meeting tops busy agenda for Mitsotakis at UNGA
PoliticsForeign Policyfor the next High-Level Cooperation Council, to take place in Ankara by the end of this year.... The Greek delegation’s presence in New York this year coincides with Greece taking over a non
1%