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Employment balance negative by 29,933 in Nov, 40,403 fewer jobs created in aggregate
EconomyMacroeconomyThe employment balance was negative with 29,933 more firings than hirings in November, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 626 more people hired than fired. Ergani noted that the balance for November has typically been
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Loans under credit servicing firms rise by 6.8 pct QoQ to 32.98 bln
EconomyBankingThe Bank of Greece’s (BoG) released statistics for the third quarter (Q3) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece. BoG said that the data was being provided as part of ongoing efforts to further enhance the information disseminated to the public and to analysts
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Survey illustrates extent of pandemic impact on firms amid recovery hopes
EconomyFeaturesduring the crisis, 47.3 percent considered the government’s measures effective in general between
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PMI edges up to 46.9 points in December
EconomyMacroeconomyGreece’s manufacturing PMI rose to 46.9 points in December from 42.3 points in November, according to the latest data from Markit. According to Markit, readings over 50 and above indicate overall improvement, meaning that the latest figure signals an overall deterioration in the Greek manufacturing
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Economic sentiment edges up to 91.5 in Dec while services, retail and construction fall
EconomyMacroeconomyGreece’s economic sentiment (ESI) edged up by 0.5 points month-on-month in December to reach 91.5 points, European Commission (EC) figures showed on Thursday. During December, the Employment Expectations Indicator (EEI) for Greece came to 104.9 points compared to 105.4 points in the previous month
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Trade deficit falls by 18 pct in November
EconomyMacroeconomyGreece’s trade deficit fell by 18 percent year-on-year (YoY) in November compared to a drop of 30 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.37 billion euros for the month. Imports totalled 3.99 billion euros, showing
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Employment balance positive by 2,116 in December, 34,621 fewer jobs created in 2020
EconomyMacroeconomyThe employment balance was positive with 2,116 more hirings than firings in December, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 5,782 more people hired than fired. Total hirings came to 93,370 versus 91,254 departures. Around
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CPI falls by 2.3 pct YoY in December
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 2.3 percent year-on-year (YoY) in December compared to a decline of 2.1 percent seen in November, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The average CPI for the rolling 12 months fell by 1.2 percent. Month-on-month, the CPI
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Building permits drop by 4.9 in October
EconomyMacroeconomy, and volume increased by 7.6 percent. Greece’s construction sector was damaged across the crisis years
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Economic sentiment declines to 90.7 points in January as construction and retail strengthen
EconomyMacroeconomyGreece’s economic sentiment (ESI) declines by 1.1 points month-on-month in January to reach 90.7 points, European Commission (EC) figures showed on Thursday. During the month, the Employment Expectations Indicator (EEI) for Greece came to 105.1 points compared to 104.5 points in the previous month
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