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Income
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EconomyMacroeconomy
Wages growth slows to 4.3 pct YoY in Q2 Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 4.3 percent year-on-year, although it slowed from an upwards revised 6.3 percent in the first quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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Society
Workers lost almost 9 pct of real income last year, research shows The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
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EconomyMacroeconomy
Disposable income rises by 11.3 pct in Q1, saving rate negative for successive quarters Household 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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EconomyMacroeconomy
Wage rises become top issue but trajectory lined with obstacles Wages in Greece have featured prominently in this summer's election campaign as, in the midst of the cost-of-living crisis, there is a wider recognition by the leading parties that earnings in Greece need a boost.
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EconomyMacroeconomy
Wages index grows by 5.5 pct in Q1, slows from previous quarter Greece’s seasonally adjusted (SA) Wages Index kept the strong growth territory rising by 5.5 percent year-on-year, from an upwards revised 8.8 percent in the last quarter of 2022, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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EconomyMacroeconomy
Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI The Labour Ministry has presented the updated data of wages in the labour market, after the incorporation of the latest rise in the minimum wage to 780 euros per month, effective April 1.
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EconomyMacroeconomy
Disposable income rises by 10.9 pct in Q4 Household disposable income increased by a solid 10.9 percent year-on-year (YoY) in the fourth quarter (Q4) of 2022, from a 10.2 percent rise in the third quarter (Q3), according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
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EconomyMacroeconomy
Wages record back-to-back growth of 7.1 pct in Q4 2022 Greece’s seasonally adjusted (SA) Wages Index remained in solid growth territory rising by 7.1 percent year-on-year (YoY) in the last quarter of 2022, after a 7.3 percent increase in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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EconomyMacroeconomy
Disposable income rises by 10.2 pct in Q3, saving rate also turns positive Household disposable income increased by a solid 10.2 percent year-on-year (YoY) in the third quarter (Q3) of 2022, from a 1.7 percent rise in the second quarter (Q2), according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
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EconomyMacroeconomy
After three quarters of contraction, wages rise by 7.3 pct in Q3 Greece’s seasonally adjusted (SA) Wages Index moved back to positive territory in the third quarter (Q3), rising by 7.3 percent year-on-year (YoY) after dropping by 0.9 pct in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.