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Industrial production drops for first time in 2023, down 3.6 pct in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) contracted in June, falling by 3.6 percent year-on-year (YoY), after rising by an upwards revised 1.9 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
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CPI resumes upward trajectory in July, food inflation at 12.3 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
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Trade deficit narrows by 14.9 pct in June despite sharp exports drop
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 14.9 percent year-on-year (YoY) in June, after a drop of 11 percent in May, according to data released by ELSTAT on Monday.
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Unemployment rate hits 11.1 pct in June as recovery loses steam
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate landed at 11.1 percent in June, from an upwards revised 11.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
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Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct
EconomyMacroeconomyGreece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
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Producer prices for June increase in most categories aside from energy
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the fourth successive month in June, dropping by 11.7 percent year-on-year (YoY), after falling by 12.9 percent in May, ELSTAT data showed on Friday.
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Building activity records modest growth in April, up 10 pct in first four months
EconomyMacroeconomyBuilding permits recorded a modest movement in April, rising by 0.9 percent year-on-year (YoY), after rising by 34.2 percent in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
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Disposable income rises by 11.3 pct in Q1, saving rate negative for successive quarters
EconomyMacroeconomyHousehold disposable income increased by a solid 11.3 percent year-on-year (YoY) in Q1 this year, from 10.9 percent in Q4 of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
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Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
EconomyMacroeconomyGreece’s industrial turnover went deeper into negative territory in May, contracting by 13.6 percent year-on-year (YoY), from an upwards revised drop of 7.6 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.