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  1. Industrial production contracts again in July, as electricity supply drives 1.9 pct drop
    Photo via https://flic.kr/p/bwZLC3

    EconomyMacroeconomy

    . Month-on-month (MoM), the seasonally adjusted index in July recorded a rise of 2.2 percent, after... month. Since September last year, industry confidence has risen by 6.5 points. In addition

    3%
  2. Industrial production stays in contraction for third successive month in Aug
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    of 0.9 pct, after an increase of 2.2 pct in the previous month. The annual movement in the index... last year, industry confidence has risen by 4 points. In addition, Manufacturing PMI remained

    3%
  3. Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    , from 2.2 pct this year. CPI and HICP will converge next year to 2.6 pct, from the 4 pct region... at 476 million euros, while the lower VAT regime on certain products and services has a fiscal

    3%
  4. Fitch rating upgrade seals Greece re-establishing itself as investment grade material
    Photo by MacroPolis

    Economy

    the end of October. The upgrade by Fitch reflects what has been the consistent message by rating... surplus double to 2.2 pct of GDP in 2024 and 2025, according to Fitch estimates. Other factors

    3%
  5. European Commission leaves 2024 growth estimate of 2.3 pct unchanged
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    slightly more moderate than the 2.9 pct growth the Finance Ministry expects, on which it has based this year’s budget. The Commission also points to last year’s real GDP growth, which landed at 2.2 pct

    3%
  6. Industrial production grows by 10.3 pct in Jan, boosted by electricity supply
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    year, the index has been growing for the last six months. Last year’s annual growth was a modest rise of 2.2 pct YoY. Month-on-month (MoM), the seasonally adjusted index in January recorded a rise

    3%
  7. Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar

    EconomyMacroeconomy

    in the middle of last year, the index has been growing for the last six months, and this is the first... in the previous month. Since May last year, industry confidence is now up by 2.2 points. In addition

    3%
  8. Primary balance at 3.25 bln in Apr, above target thanks to favourable timing
    Photo by MacroPolis

    EconomyMacroeconomy

    the target by 2.2 billion euros. The ministry notes that the overperformance is mainly due... and has allocated 576 million euros, below target by 87 million euros.

    3%
  9. Q1 unemployment rises to 12.1 pct due to seasonal causes

    EconomyMacroeconomy

    portion, 132,500, has not worked for more than four years, rising by 2.9 percent year-on-year. Most... and rising by 2.5 percent year-on-year. There were 2.62 million people in permanent jobs, a rise of 2.2

    3%
  10. Q1 GDP growth accelerates to 0.7 pct QoQ
    Photo by MacroPolis

    EconomyMacroeconomy

    Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2... growing by 2.2 percent in 2024. In its latest WEO released in April, the IMF sees growth of 2

    3%