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Broad impact of inflation crisis becoming clearer
Agorarelease that hit the lowest in over a year at 53.8, down by 1 point, although still in expansion territory. The overall growth in Greek manufacturing was weighed down by subdued growth in output... of fuel month-on-month were down by 3 pct as Greeks must contend with prices at the pump of up to 2.3
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Newsletter 344 - 01/07/2022
revised down as uncertainty hits. Official estimates were updated this week with the latest Bank of Greece forecasts included in its monetary policy report, where growth for 2022 was revised down to 3.2... pct in 2022. Recently the OECD also revised down its estimate for this year to 2.8 pct, while
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Despite seasonal recruitment in accommodation and catering, hiring balance slows to 2,999 in July
EconomyMacroeconomyGreece’s employment balance slowed down in July with 2,999 more hires than departures, according... measures preserving jobs are wound down. Hires were down by 14,464 jobs compared to July last year..., with the highest in 30-44 with 13,978 more departures. Broken down by employment activity, catering had a positive
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Newsletter 353 - 30/09/2022
pushed it further down to 1,332 euros in 2020. The effect of inflation during 2021 was also captured... the spending in recent years is compared to the same key categories in 2008, with food down by 10.4 pct, housing down by 16.3 pct, transport 36.3 pct, health at 19.3 pct lower and clothes a significant
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Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
EconomyMacroeconomywere noted in clothes and footwear down by 12.9 percent and sales not in stores that dropped by 4.8 percent. The inflationary effects are reflected in further drops in volumes with fuels down by 2.6... August, is down by circa 11 points from the -39.8 of October last year. Retail trade remained
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Car market growth slows to 4.9 pct for 9M, from 23.1 pct last year
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time slowed down in September... figure standing at 13,691. The remainder was made up of lorries (1,825) and buses (113), both down... passenger cars rising by 30.5 percent and used passenger car sales down by 14.8 percent. New and used
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Car sales growth slows to 2.4 pct in Oct, taking 10-month rise to 4.5 pct
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time slowed down further.... The remainder was made up of lorries (2,070) and buses (64), both down by 10.6 and 36 percent... and used passenger car sales down by 18.5 percent. In the ten months of 2022, 177,900 road motor cars
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Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
EconomyMacroeconomyGreece’s import price index slowed down its pace in September, rising by 24.2 percent year-on-year... months since that it attempted to slow down its growth. This is also the slowest rise since December... by a 5.5 percent drop in refined oil products and extraction of oil and gas down by 3.7 percent
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Economic sentiment partially recovers to 101.4 in Nov, consumer confidence also up
EconomyMacroeconomyin summer 2017 and on a rolling 12-month level is down by circa 14 points from the -38.2 of December last... to 109.6 points. The EEI is down by 9 points in the rolling 12-month period. Industry confidence recovered... confidence is down by roughly 14 points. The services index partially recovered last month’s 25 points drop
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Newsletter 362 - 09/12/2022
of escaping. Consumption is down by 0.6 pct QoQ, as government spending becomes more modest compared to the pandemic era, down by 0.6 pct. Private consumption has also stalled after eight quarters of growth.... Overall, total exports were down by 3.3 pct QoQ, while total imports fell marginally by 0.3 pct. The Q3
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