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Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010
EconomyMacroeconomypercent. April’s cars sales were the highest since early 2010. Passenger cars increased by 29.6 percent
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Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
EconomyMacroeconomyin Attica with 1,034. The European Commission’s latest business sentiment indicators for April
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Producer prices drop 1 pct in Apr, in contraction for over one year
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in April, dropping by 1 percent year-on-year (YoY), after falling by 0.1 percent in March, ELSTAT data showed on Thursday. The index has been in contraction since March last year, although some of the base effects from the inflation peak
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May PMI still in expansion as firms report supply chain and cost issues
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion in May, though it slightly moderated to 54.9 points from 55.2 points in April, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving for more than a year. The rate of growth
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Q1 unemployment rises to 12.1 pct due to seasonal causes
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate moved up significantly in Q1 this year, rising to 12.1 percent, from 10.5 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate in the first quarter of 2023 was 11.8 percent
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Q1 GDP growth accelerates to 0.7 pct QoQ
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP accelerated its gains in Q1, rising by 0.7 percent quarter-on-quarter (QoQ), from a 0.3 percent rise in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2
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Imports soar in April, pushing trade deficit up by 35.6 pct
EconomyMacroeconomyGreece’s trade deficit recorded a jump of 35.6 percent year-on-year (YoY) in April, after a drop of 7 percent in March, according to data released by ELSTAT on Friday. The deficit came to 3.01 billion euros for April. Imports totalled 7.48 billion euros, rising by almost 20 percent YoY. Exports
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CPI slows to 2.4 pct in May as food price increases ease
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) slowed down in May with a rise of 2.4 percent year-on-year (YoY), after an increase of 3.1 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Greece out of fiscal spotlight, but economic imbalances still a worry
Economyseveral interventions during the MoU era. This contributes to the European Commission’s very modest
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Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
EconomyMacroeconomyin Attica with 1,658. The European Commission’s latest business sentiment indicators for June showed
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