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Trade deficit falls sharply in May, at 13.41 bln in 5M
EconomyMacroeconomyGreece’s trade deficit dropped sharply by 31.6 percent year-on-year (YoY) in May, after a 6.9 percent drop in April, according to data released by ELSTAT on Tuesday. The deficit came to 2.29 billion euros for May. Imports totalled 6.47 billion euros, dropping by 14.7 percent YoY. Exports totalled
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CPI captures rise in housing costs with 7.2 pct YoY increase, headline up 2.8 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up further pace in June with a rise of 2.8 percent year-on-year (YoY), from 2.5 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period
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Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
EconomyMacroeconomybillion euros. The corporate lending balance’s net monthly flow was positive by 2.36 billion euros
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Jump in corporate deposits takes balance to highest since Jan 2011
EconomyMacroeconomyThe Greek banking system’s private sector deposits grew strongly in June, with a net increase of 5.1 billion euros, after a 1.22-billion-euro drop in May, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in June was 5.3 percent year on year (YoY), from 4.8
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
EconomyMacroeconomythat was scheduled for the end of July, as well as the collection of last year’s tax obligations
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Building activity continues to slide in Apr, 4M permits down 26 pct YoY
EconomyMacroeconomypercent. The European Commission’s latest business sentiment indicators for June showed
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Producer prices on six-month run of rises after 1.6 pct YoY increase in Jun
EconomyMacroeconomyGreece’s Producer Price Index (PPI) continued growing in June, with a rise of 1.6 percent year-on-year (YoY), after an increase of 2 percent in May, ELSTAT data showed on Wednesday. This is the sixth consecutive positive reading after a period of contraction that started in March 2023. The index
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NBG net profits at 701 mln, commissions income rises 8 pct YoY to 221 mln
EconomyBankingeuros in H1, from 57.07 billion euros in 2024. Gross loans were 38.21 billion euros with NBG’s loan
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PMI falls to 51.7 in July, level of optimism drops to lowest in a year
EconomyMacroeconomyGreece’s manufacturing PMI dropped significantly in July to 51.7 points, from 53.1 points in the previous month, S&P Global data showed on Friday. The latest data reflects a downturn in growth seen in softer expansions of output, new orders and employment. Greek manufacturing growth slowed
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Trade deficit rises sharply in June as exports continue to fall
EconomyMacroeconomyGreece’s trade deficit rose sharply by 33.2 percent year-on-year (YoY) in June, after a 31.6 percent drop in May, according to data released by ELSTAT on Thursday. The deficit came to 3.14 billion euros for June. Imports totalled 7.08 billion euros, rising by 6.4 percent YoY. Exports totalled 3.94
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