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  1. Energy drives drop of 4.2 pct YoY in import prices drop for June

    EconomyMacroeconomy

    Greece’s import price index continued its contraction in May, with a drop of 4.2 percent year-on-year (YoY), after a sharp 6.3 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index has now been in contraction for nine

    2%

  2. Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
    Image: MacroPolis

    EconomyMacroeconomy

    euros. Greece has received 1.35 billion euros from the RRF.

    2%

  3. Significantly improved oil balance pushes current account to 196.5 mln surplus in May
    Image via www.moh.gr

    EconomyMacroeconomy

    billion in May 2024. The impact of fuel has diminished, with the oil balance at a deficit of just 100.6

    2%

  4. Building activity continues to slide in Apr, 4M permits down 26 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    drop of 26.5 percent. The domestic construction market has gone essentially on hold since a recent

    2%

  5. Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
    Photo by MacroPolis

    EconomyMacroeconomy

    monthly movement was down by 2 percent. As we noted last month, the data has a strong seasonal component

    2%

  6. Energy continues to drive import price drop as June records 4.7 pct YoY fall

    EconomyMacroeconomy

    Greece’s import price index remained in contraction in June, with a drop of 4.7 percent year-on-year (YoY), after a 4.2 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The index has now been in contraction for five

    2%

  7. Significantly contained spending pushes July primary surplus 4.36 bln above target

    EconomyMacroeconomy

    below the target by 17 million euros. Greece has received 1.35 billion euros from the RRF.

    2%

  8. Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
    Image via www.moh.gr

    EconomyMacroeconomy

    4.18 billion in June 2024. The impact of fuel has intensified, with the oil balance at a deficit

    2%

  9. Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    in Q3 2019 and has been falling since. The debt breakdown by residual maturity showed that long-term

    2%

  10. Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
    Photo by MacroPolis

    EconomyMacroeconomy

    portion, 105,700, has not worked for more than four years, though dropping by 7.5 percent year-on-year

    2%