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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomythat investments did not meet this year’s expectations as they grew by 8.3 pct, when 16 pct was estimated
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Trade deficit continues to shrink in Aug despite exports losing momentum
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 7 percent year-on-year (YoY) in August, after a decline of 21 percent in July, according to data released by ELSTAT on Friday. The deficit came to 2.75 billion euros for August. Imports totalled 6.38 billion euros, dropping by 17.8 percent YoY. Exports
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CPI rise eases to 1.6 pct in Sep, but food up by 9.4 pct
EconomyMacroeconomyThe upward trend in Greece’s Consumer Price Index (CPI) reversed in September with a 1.6-pct rise year-on-year (YoY), after an increase of 2.7 pct in August, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period
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Building activity resilient, permits higher by 11.1 pct up to July
EconomyMacroeconomyrise is in Crete with almost 25 percent growth and 1,355 permits. The European Commission’s latest
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Despite annual drop in Sep, producer prices rise for 4 consecutive months
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the seventh successive month in September, dropping by 4.3 percent year-on-year (YoY), after falling by 8.3 percent in August, ELSTAT data showed on Monday. The index was in negative territory for most of 2020 and up to March 2021, when it grew
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PMI in expansion territory in Oct, but jobs cut and inflation a challenge again
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in October, rising by a fraction to 50.8 points, from 50.3 points in September, according to S&P Global data released on Wednesday. This was the ninth straight month that conditions in the Greek manufacturing sector improved, although
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Trade deficit to Sep drops by 18.1 pct, exports struggle with 6.4 pct decrease
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 25.9 percent year-on-year (YoY) in September, after a decline of 7 percent in August, according to data released by ELSTAT on Tuesday. The deficit came to 2.68 billion euros for September. Imports totalled 6.9 billion euros, dropping by 17.6 percent YoY
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
EconomyBanking’s NPE ratio stood at 4.9 percent in 9M, down by 0.7 percentage points year-on-year, while NPE
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Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) more than doubled in October, with a 3.4-pct rise year-on-year (YoY), after an increase of 1.6 pct in September, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period in September
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Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
EconomyMacroeconomymonths’ releases to temper the expectations regarding tax performance, noting that this year’s
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