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Final budget execution data for Sep highlights overperformance in most tax categories
EconomyMacroeconomyThe budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros, compared to a deficit of 5.96 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data release...
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Deposits up to highest since 2011 after 2.27 bln rise in Sep
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in September accelerated to 2.27 billion euros, after it had slowed down to just 89 million euros in August, and 483 million euros in July, based on Bank of Greece (BoG) figures release...
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Lending to corporations in Sep thrusts credit expansion to highest rise since 2009
EconomyMacroeconomyCredit movement in the Greek private sector gathered more pace in September, rising by 6 percent year-on-year (YoY), from 5.8 percent in August, and 5.5 percent year-on-year in July, Bank of Greece (BoG) figures released on Wednesday showed. The growth ...
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Growth in producer prices slows to 29.4 pct in Sep amid another monthly drop
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down further in September, although it rose by 29.4 percent year-on-year (YoY) following a 39.5 percent increase in August, ELSTAT data said on Thursday. The index was in negative terr...
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Unemployment dips to 11.8 pct in Sep for lowest rate since 2010
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained broadly stable in September, dropping to 11.8 percent, from 12.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In September last year, the unemployment ra...
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Sep trade deficit of 3.61 bln largest since 2010, 9M gap up by 62 pct
EconomyMacroeconomyGreece’s trade deficit jumped in September by 70.4 percent year-on-year (YoY), after a rise of 29.9 percent in August, according to data released by ELSTAT on Monday. The deficit came to 3.61 billion euros for September. Imports totalled 8.33 billion eu...
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Industrial production back in negative territory for Sep as electricity supply drops sharply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped into negative territory in September, falling by 1.1 percent year-on-year (YoY), after growing by 4.4 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on...
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Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
EconomyMacroeconomyGreece’s import price index slowed down its pace in September, rising by 24.2 percent year-on-year (YoY), from 32 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index peaked in April with a 3...
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Industrial turnover grows by 23.5 pct in Sep for lowest rise since end-2022
EconomyMacroeconomyGreece’s industrial turnover remained on a solid growth path in September, rising by 23.5 percent year-on-year (YoY), though significantly slowing from the growth of 42 percent in August, according to data released by the Hellenic Statistical Authority ...
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Travel balance of 14.13 bln to Sep beats 2019 record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.67 billion euros in September, from a 3.83-billion-euro surplus in August, according to Bank of Greece (BoG) data released on Tuesday. September’s balance was significantly higher than the 1.98 billion eur...
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