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Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained unchanged at 25.6 percent in March, following the upward revision of Ferbuary’s figure, according to the Hellenic Statistical Agency (ELSTAT).
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OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
EconomyMacroeconomyIn its latest Economic Outlook report released on Wednesday, the OECD slashed its Greek GDP estimates to 0.1 percent in 2015 from 2.3 percent in its previous forecast published last November.
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Downturn in retail trade eases to 0.4 pct in March
EconomyMacroeconomyThe turnover of Greece’s retail trade index headed south for the fifth successive month in March but the rate of decline eased to 0.4 percent in March from a revised 3.1 percent in February, according to the Hellenic Statistical Agency (ELSTAT).
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomyThe Greek seasonally adjusted (SA) GDP at constant prices contracted quarter on quarter (QoQ) for the second successive quarter by 0.2 percent in Q1 2015 from 0.4 percent in Q4 2014, according to the provisional estimates published by the Hellenic Statistical Authority (ELSTAT) today.
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Industrial turnover falls for 5th straight month in March at decelerating 2.9 pct
EconomyMacroeconomyThe Turnover Index in Industry fell for the fifth successive month, yet the rate of drop decelerated to 2.9 percent in March from 10 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
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Greek economy slips into recession as Q1 GDP contracts by 0.2 pct QoQ
EconomyMacroeconomyThe Greek seasonally adjusted (SA) GDP at constant prices contracted quarter on quarter (QoQ) for the second successive quarter in Q1 of 2015, falling by 0.2 percent from 0.4 percent in Q4 2014, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
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Building activity up by 10.2 pct in Feb for biggest rise since Nov 2013
EconomyMacroeconomyGreek building permits rebounded by 10.2 percent in February after a 7.1 percent drop in January, according to the Hellenic Statistical Authority (ELSTAT).
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Industrial production shoots up by 5 pct in March for highest rise since 2007
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) advanced for the second successive month in March, at an accelerating rate of 5 percent in March after rising by 1.9 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
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Car sales soar by 47.2 pct in April for 20th straight monthly rise
EconomyMacroeconomyΤhe number of road motor vehicles (going into circulation for the first time) soared at an accelerating pace for the third straight month in April, when it rose by 47.2 percent from 29.5 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
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Greek trade deficit rises by 6.9 pct in March after successive falls
EconomyMacroeconomyAfter dropping by more than 20 percent in each of the preceding two months, Greece’s trade deficit rose by 6.9 percent in March, according to the Hellenic Statistical Authority (ELSTAT).