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Credit flow turns negative in July with outflow for corporations at 1 bln
EconomyMacroeconomy. The outstanding balance dropped to 118.53 billion euros. The corporate lending balance’s net monthly flow
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Producer prices record first rise for 16 months, inching up by 0.1 pct in Jul
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a positive movement in July, rising by 0.1 percent year-on-year (YoY), after falling by 0.7 percent in June, ELSTAT data showed on Friday. This is the first positive reading since February 2023 ending a 16-month streak of contraction. The index had been
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Boosted by seasonal factors, quarterly unemployment drops below 10 pct for first time since 2009
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate fell sharply in Q2, dropping to 9.8 percent, from 12.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate in the second quarter of 2023 was 11.2 percent. This is the first
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP accelerated its gains in Q2, rising by 1.1 percent quarter-on-quarter (QoQ), from a 0.8 percent rise in Q1, 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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Weak exports to EU markets drive 9.6 pct rise in 7M trade deficit
EconomyMacroeconomyGreece’s trade deficit recorded a rise of 6.6 percent year-on-year (YoY) in July, after a drop of 9.8 percent in June, according to data released by ELSTAT on Friday. The deficit came to 2.71 billion euros for July. Imports totalled 7.33 billion euros, rising by 6.3 percent YoY. Exports totalled
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CPI at 3 pct in Aug, on upward trajectory for three straight months
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up further pace in August with a rise of 3 percent year-on-year (YoY), after an increase of 2.7 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI
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Modest credit growth of 102 mln in Aug, led by lending to businesses
EconomyMacroeconomy. The outstanding balance rose marginally to 118.65 billion euros. The corporate lending balance’s net
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Building activity remains in contraction for June with 1.7 pct YoY drop
EconomyMacroeconomygrowth and 702 permits, most permits were in Attica with 3,404. The European Commission’s latest
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New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
EconomyMacroeconomyGreece’s fiscal credibility, achieves the broader goal of debt sustainability while it leaves some
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBankingto sit out the subsequent capital increases and this led to the significant dilution of the state’s
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