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  1. Manufacturing continues to grow in April, sector sentiment highest since Jan 2022

    EconomyMacroeconomy

    Greece’s Manufacturing PMI continued its expansion trend in April, falling marginally to 52.4 points, from 52.8 points in March, according to S&P Global data released on Tuesday. This is the third month that the conditions in the Greek manufacturing sector have improved, leading to the second

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  2. Despite marginal rise in Mar, Q1 trade deficit down 19 pct, exports up 17.8 pct
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    Greece’s trade deficit recorded a rise in March, after back-to-back annual drops, rising by a modest 1.3 percent, after falling by 32.3 percent by February, according to data released by ELSTAT on Monday. The deficit came to 2.58 billion euros for March. Imports totalled 7.38 billion euros, rising

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  3. CPI moderates to 3 pct, but food inflation persists at 11.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The rise in Greece’s Consumer Price Index (CPI) decelerated further in April, with prices rising by 3 percent year-on-year (YoY), when it increased by 4.6 percent in March, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling

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  4. EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    year, this year’s performance will be supported by both domestic and external demand. Private

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  5. Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
    Photo by MacroPolis

    EconomyBanking

    (NPEs) decreased by 500 million euros in Q1 to 2.1 billion euros. Eurobank’s NPE ratio stood at 5.1

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  6. Building activity down 15.2 pct in Feb for sharpest drop since 2020
    Photo by MacroPolis

    EconomyMacroeconomy

    is up by 0.8 percent while volume is also higher by 3.6 percent. The European Commission’s latest

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  7. Producer prices record back-to-back decline in Apr as energy falls by 24.4 pct YoY
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) contracted for the second consecutive month in April, falling by 13.3 percent year-on-year (YoY), from a 10.9 percent contraction in March, ELSTAT data showed on Tuesday. The index was in negative territory for most of 2020 and up to March 2021, when it grew

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  8. Manufacturing grows in May, but at slowest pace in last four months

    EconomyMacroeconomy

    Greece’s Manufacturing PMI remained in expansion territory in May, although it fell marginally to 51.5 points, from 52.4 points in April, according to S&P Global data released on Thursday. This is the fourth month that the conditions in the Greek manufacturing sector have improved, though May

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  9. Trade deficit narrows in April, though exports drop by 4.3 pct
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s trade deficit recorded a significant drop of 22.9 percent year-on-year (YoY) in April, after a modest rise of 1.3 percent in March, according to data released by ELSTAT on Wednesday. The deficit came to 2.15 billion euros for April. Imports totalled 6.11 billion euros, dropping by 11.8

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  10. OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
    Photo via http://www.oecd.org/

    EconomyMacroeconomy

    The OECD has become the latest international organisation to incorporate the more positive outlook for the Greek economy into its projections, revising upwards its growth forecast for 2023, to 1.6 pct, from 1.1 pct in the January estimate. Next year’s estimate is moderately revised down to 1.6 pct

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