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PM pins hopes on conciliatory approach to soften farmers' protests
PoliticsGreek Politicswill add to criticism of the government’s attitude towards inquiries into the rail crash, as well
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Building activity slows in Nov as permits contract by 1.2 pct YoY
EconomyMacroeconomypermits, most permits were in Attica with 5,459. The European Commission’s latest business sentiment
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Producer prices drop for 11 months straight, down 6.6 pct in Jan
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for eleven successive months in January, dropping by 7 percent year-on-year (YoY), after falling by 6.6 percent in December, ELSTAT data showed on Thursday. The index had been growing over a two-year period since March 2021, before it turned negative
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PMI records further gains in Feb, sector confidence almost at two-year high
EconomyMacroeconomyGreece’s Manufacturing PMI continued recording gains in February, rising to 55.7 points from 54.7 points in January, according to S&P Global data released on Friday. The conditions in the Greek manufacturing sector have been improving for over a year, gaining more ground into the above 50 points
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GDP continued to slow in Q4, rise for 2023 at 2 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP had marginal gains in Q4, rising by 0.2 percent quarter-on-quarter (QoQ), from a 0.1 percent drop in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday. The Greek economy has been growing continuously QoQ now since Q2
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Labour market comes to rest, unemployment at 10.5 pct in Q4
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate moved only marginally in Q4 last year, dropping to 10.5 percent, from 10.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate in the last quarter of 2022 was 11.9 percent
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Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
EconomyBankingThe stock of non-performing exposures (NPEs) in 2023 came to 2.5 billion euros. Eurobank’s NPE
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Trade deficit rises by 2.7 pct in Jan, as exports continue to fall sharply
EconomyMacroeconomyGreece’s trade deficit recorded a rise of 2.7 percent year-on-year (YoY) in January, after a decline of 11.3 percent in December, according to data released by ELSTAT on Friday. The deficit came to 2.54 billion euros for January. Imports totalled 6.55 billion euros, dropping by 6.3 percent YoY
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Newsletter 416 - 15/03/2024
revenues.MacroeconomyChart of the weekImport prices Greece’s import prices contracted by 6.4 pct in January, from 8.7
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Newsletter 417 - 22/03/2024
after the head of the European Public Prosecutor’s Office (EPPO), Laura Kovesi, caused an uproar
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