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Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
EconomyMacroeconomyThe seasonally adjusted Wages Index grew for the third successive quarter in Q1 but it was only a marginal rise of 0.3 percent year on year (YoY) from a 2.2 percent increase in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
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Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009
EconomyMacroeconomyGreece’s Turnover Index in Industry fell at an accelerating pace in June, when it declined by 13.4 percent from 4.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
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Greek Q2 growth of 0.8 pct confounds recession forecasts
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP at constant prices rose quarter on quarter (QoQ) by 0.8 percent in Q2 2015 following a upward revised 0.02 percent growth recorded in Q1, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
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Building activity up again in May but with smaller rise of 1.9 pct
EconomyMacroeconomyGreek building permits grew for the fourth successive month in May, albeit by a modest 1.9 percent from 6.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
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Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
EconomyMacroeconomyThe number of road motor vehicles going into circulation for the first time fell by 23.9 percent in July after rising by 21.7 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
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Industrial production down by 4.5 pct in June for third monthly drop this year
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell for the second straight month in June, when it was down by 4.5 percent from 4.3 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
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Trade deficit shrinks by 14.1 pct in June as fall in imports outpaces export decline
EconomyMacroeconomyGreece’s trade deficit fell for the second successive month in June, when it declined by 14.1 percent from 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
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CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
EconomyMacroeconomyThe rate of drop in the Greek consumer price index (CPI) remained at 2.2 percent for the second straight month in July, according to the Hellenic Statistical Authority (ELSTAT).
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Unemployment rate fell to 25 pct in May, its lowest level in the last three years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell for the second straight month in May, when it dropped to 25 percent in May from 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT).
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT).