Search
-
Drop in retail sales accelerates to 1.8 pct YoY in Aug, fall in volumes sharper
EconomyMacroeconomyGreece’s retail sales saw an accelerated drop of 1.8 percent year-on-year (YoY) in August, after.... The volume’s monthly movement was down by 2.5 percent. Compared to August 2023, automotive fuel was down... confidence is roughly 5 points lower on a 12-month rolling basis. Overall, Greece’s economic
1% -
Industrial production growth slows to 2.4 pct YoY in Sep, led by manufacturing rise
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in September growing by 2.5 percent year-on-year... by 0.2 percent and mining also rose by 3.8 percent. According to the European Commission’s latest... confidence has risen by circa 7 points. In addition, Greece’s Manufacturing PMI recorded a moderate recovery
1% -
Alpha NII at 1.22 bln in 9M, fees up by 11 pct YoY at 306 mln
EconomyBankingreached 4.6 percent in 9M, at 1.7 billion euros. The Group’s NPE cash coverage stood at 48 percent in 9M... by 20 percent to 173 million euros, from 217 million in 2023. Balance sheet The Group’s net loans.... The bank’s Total Capital Ratio stood at 20.9 percent, from 18 percent in 9M 2023.
1% -
Role of inflation in US elections gives government food for thought
EconomyMacroeconomyThe PM’s office must have been following nervously the results in the US presidential elections... when his party’s support in the European Parliament elections fell to 28 pct, whereas it had won 41... direction, with Eurostat’s HICP at 3.2 pct in October, consistently picking up pace from the 2.4 pct in May
1% -
PASOK emerges as main beneficiary in reshuffling of political deck
PoliticsGreek Politicsat SYRIZA has seen the official opposition’s party slide to fifth place with 6.6 pct, behind... for Secretary of State. Sources stress Rubio’s role as one of the architects of the East Med Act which... elections. There remains some concern, however, that the Trump administration’s support for Israel
1% -
Economic sentiment slides in Nov, led by services and construction
EconomyMacroeconomyGreece’s economic sentiment (ESI) deteriorated further in November, falling to 106.1 points, from... the rolling 12-month period, the November’s ESI is roughly stable at 0.2 points above December last year.... The euro area’s ESI was 95.8 points, from 95.7 points of October. Consumer confidence improved further
1% -
Industrial production records second drop of year with 2.9 pct YoY decline in Oct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) went into contraction in October with a 2.9 percent year... to the European Commission’s latest business surveys for November, industry confidence stayed..., Greece’s Manufacturing PMI recorded a moderate drop in November, falling to 50.9 points, from 51.2
1% -
Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) was virtually unchanged in December, falling marginally to 106... on Wednesday. Over the rolling 12-month period, December’s ESI is down by 1.7 points below January 2024... area’s ESI was 93.7 points, from 95.6 points in November. Consumer confidence improved further
1% -
Industrial production returns to growth in Nov with 4.9 pct YoY rise, led by electricity
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) resumed growth in November with a 4.9 percent year... Commission’s latest business surveys for December, industry confidence stayed in positive territory.... Since January 2024, industry confidence has risen by circa 2 points. In addition, Greece’s
1% -
Sentiment and consumer confidence start 2025 with improvements
EconomyMacroeconomyGreece’s economic sentiment (ESI) started the year with a solid improvement, rising to 108.6 points.... Over the rolling 12-month period, January’s ESI is up by almost 4 points from February 2024. The average ESI in the EU stood at 95.8 points in January, from 94.7 in the previous month. The euro area’s
1%