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Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
EconomyMacroeconomywith 3.9 million in the previous year.
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Building activity collapses by 41.3 pct YoY in Mar due to uncertainty over construction code
EconomyMacroeconomydropped further to 6.2 points, from 13.6 in the previous month. The index is down roughly 8 points
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyby 1.5 percent, from a drop of 2.8 percent in the previous month. Over the rolling 12-month period
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Lending to corporations drives credit growth of 11.3 pct YoY in May
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in May, rising by 11.3 percent year-on-year (YoY), from 10.9 percent in the previous month, Bank of Greece (BoG) figures released on Monday showed. The net lending flow was positive by 518 million euros after an outflow of 98 million
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PMI remains in expansion at 53.1 in June, though firms see export and cost challenges
EconomyMacroeconomyGreece’s Manufacturing PMI was again virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data released on Tuesday. The manufacturing sector continued to expand in June mostly thanks to domestic business, as new export orders fell at a slightly faster
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Unemployment at 7.9 pct in May, lowest since Nov 2008
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 7.9 percent in May, from 8.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In May last year, the unemployment rate was 10.5 percent. Despite minor fluctuations in recent months
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New Democracy tries to push back against corruption claims
PoliticsGreek Politicsto previous cases of corruption and mismanagement and, in that sense, being part of a longstanding weakness
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
EconomyMacroeconomy.), and the better performance of the previous year’s income taxes collected in instalments until the end of February
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Rival opposition motions give government breathing space over farm payments scandal
PoliticsGreek Politics. Opposition parties are hoping that, unlike previous occasions, the discontent will prove strong enough
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Firefighting capabilities beefed up as blazes and water shortages weigh on government
PoliticsGreek Politicsof wildfires, as it experienced in previous summers. Water shortage At the same time, the climate
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