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Nov sees rise of 2 pct YoY in retail sales, up 2.7 pct MoM
EconomyMacroeconomyGreece’s retail sales resumed growth in November with a rise of 2 percent year-on-year (YoY), after... basis, the seasonally adjusted index rose by 2.7 percent. The volume’s monthly movement was up by 2.3... on a 12-month rolling basis. Overall, Greece’s economic sentiment (ESI) started the year with a solid
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Despite slight moderation of PMI in Jan, manufacturing sentiment improves
EconomyMacroeconomyGreece’s Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points... at a slower pace than December’s high. Increased production was driven by steady new orders and improved... domestic and export demand, with export sales rising again—though at a slower rate than December’s
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Industrial production ends 2024 in growth, up 5.2 pct in full year
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) picked up pace in December with a 5.8 percent year... supply and 11.1 percent in electricity supply. According to the European Commission’s latest... confidence has risen by circa 10 points. In addition, Greece’s Manufacturing PMI started the new year
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Industry, services and construction lead fall in Feb economic sentiment to 106.9
EconomyMacroeconomyGreece’s economic sentiment (ESI) declined in February to 106.9 points, from 108.6 in the previous... period, January’s ESI is down 1.3 points from March 2024. The average ESI in the EU stood at 97.1 points in February, from 96.9 in the previous month. The euro area’s ESI was 96.3 points, from 95.3 points
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Retail sales suffer sharp YoY drop of 5.1 pct in Dec
EconomyMacroeconomyGreece’s retail sales concluded 2024 in deep contraction with a drop of 5.1 percent year-on-year... adjusted index decreased by 2.9 percent. The volume’s monthly movement was down by 3 percent. The annual..., Greece’s economic sentiment (ESI) declined in February to 106.9 points, from 108.6 in the previous
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Alpha Bank's 2024 profits at 654 mln, commision income at 420 mln
EconomyBankingeuros, from 309 million in 2023. Balance sheet The Group’s net loans amounted to 39 billion euros... quality The NPE ratio reached 3.8 percent in 2024. The Group’s NPE coverage stood at 53 percent. Capital... a year ago. The bank’s Total Capital Ratio exceeds 21 percent.
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DBRS ups Greece's rating one notch further into investment grade
Economyis the latest agency to take Greece further into investment grade, with Moody’s remaining the only one yet to grant the investment grade. Moody’s next scheduled rating review for Greece is due this Friday. DBRS’s upgrade reflects reduced banking system risks and continued fiscal overperformance. Greek banks
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Growth of industrial production moderates to 2 pct YoY in Jan
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in January with a 2 percent year-on-year (YoY... by the rise of 1.3 percent in mining. According to the European Commission’s latest business surveys..., Greece’s Manufacturing PMI was virtually unchanged in February, falling marginally to 52.6 points, from
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Economic sentiment improves in Mar, consumer confidence and retail deteriorate
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in March to 107.7 points, from 106.9 in the previous..., March’s ESI is down 0.6 points from April 2024. The average ESI in the EU stood at 96 points in March, from 96.9 in the previous month. The euro area’s ESI was 95.2 points, from 96.3 points in February
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Retail sales start 2025 with 2.5 pct YoY rise, led by food
EconomyMacroeconomyGreece’s retail sales started the new year with growth of 2.5 percent year-on-year (YoY) in January...’s monthly movement was up by 0.6 percent. Compared to January 2024, automotive fuel was down by 6.7... 2024. Overall, Greece’s economic sentiment (ESI) improved in March to 107.7 points, from 106.9
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