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Economic sentiment edges up to 91.5 in Dec while services, retail and construction fall
EconomyMacroeconomyGreece’s economic sentiment (ESI) edged up by 0.5 points month-on-month in December to reach 91.5 points, European Commission (EC) figures showed on Thursday. During December, the Employment Expectations Indicator (EEI) for Greece came to 104.9 points c...
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PMI up to 59 pts in Dec as manufacturing nears year of growth despite supply chain challenges
EconomyMacroeconomyGreece’s manufacturing PMI edged up slightly in December to 59 points, from 58.8 in November, according to Markit data released on Monday. The data shows another marked improvement in the Greek manufacturing sector, with strong output and growth in empl...
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Economic sentiment drops by 3.1 pts in Dec, little change in consumer confidence over year
EconomyMacroeconomyGreece’s economic sentiment (ESI) took a pause in December, dropping by 3.1 points to 110.3, from 113.4 in November, according to European Commission figures released on Friday. Economic sentiment stood at 91.8 points in December 2020 and has significan...
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Seasonal deposit rise of 4.29 bln in Dec takes total 2021 increase near to 18 bln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system rose significantly by 4.29 billion euros, following a rise of 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Friday. The annual growth in December mar...
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Unemployment falls to 12.8 pct in Dec as jobless number drops to lowest since March 2010
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped further in December to 12.8 percent, from an upwards revised 13.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In the same month last year, the unemplo...
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Manufacturing reaches half a year of contraction as PMI drops further in Dec
EconomyMacroeconomyGreece’s Manufacturing PMI dropped further in December to 47.2 points, from 48.4 points in November, according to S&P Global data released on Monday. December’s PMI marks half a year of decline in the operating conditions of the Greek manufacturing sect...
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Final budget execution for Dec confirms primary deficit beat target by 1.85 bln
EconomyMacroeconomyThe budget primary balance for the year 2022 came to a deficit of 6.65 billion euros, compared to a deficit of 10.33 billion euros during 2021, according to the final Finance Ministry (MoF) budget execution data for December released on Wednesday. The p...
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Deposits record growth of 5 bln in Dec, balance at highest since summer 2011
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system turned positive in December with a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece (BoG) figures released on Friday. After the first back...
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Unemployment steady at 11.6 pct in Dec, employed rise by almost 80,000 YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained stable in December at 11.6 percent, unchanged from November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In December last year, the unemployment rate was 12.9 percent. Th...
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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
EconomyMacroeconomyInterest rates on loans in Greece continued their upward trend that started in the summer, with the weighted average rate on loans climbing to over 5 percent, at 5.06 percent at the end of 2022, according to the latest data released by the Bank of Greec...
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