MacroPolis

Disposable income rises by 3.5 pct YoY in Q3, final consumption up by 0.9 pct

Greek household disposable income grew by 3.5 percent year-on-year (YoY) in the third second quarter (Q2) of 2019, decreasing from the rise of 5 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.

Disposable income rises by 4.9 pct YoY in Q1, final consumption up by 0.2 pct

Greek household disposable income grew by 4.9 percent year-on-year (YoY) in the first quarter (Q1) of 2019, notably increasing from the rise of 1.7 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.

Tracing the decline of the middle class as parties vie for its votes

By: Georgia Nakou

Since key constituencies, including private and public sector workers and the young, abandoned governing SYRIZA to hand New Democracy a comfortable 9.5 percent lead in the May 26 European Parliament elections, the parties have been vying for the middle-class vote.

Social impact of crisis seen easing in 2018, but 31.8 pct still at risk of poverty/exclusion

The Hellenic Statistical Authority (ELSTAT) released a set of statistics on Friday which illustrated several aspects of Greek society, including poverty, income equality and living conditions.

Disposable income rises by 1.7 pct YoY in Q4, final consumption grows 1.4 pct

Greek household disposable income grew by 1.7 percent year-on-year (YoY) in the fourth quarter (Q4) of 2018, growing from the rise of 4.1 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.

OECD report highlights stress on Greek middle class during crisis

A publication by the Organisation for Economic Co-operation and Development (OECD) on the pressures faced by the middle class globally has shown that overall, this sector of society has seen its standard of living stagnate or decline in recent decades.

Increase of 11 pct in minimum wage to have knock-on effect in economy

As was widely anticipated, during the cabinet meeting yesterday Alexis Tsipras announced that the minimum wage in Greece will increase for the first time in a decade to 650 euros per month, from 586 euros currently, effective from February 1.

Institutions wrap up talks with focus on NPLs, primary residences and budget

Discussions between the Greek government and the institutions were due to draw to a close on Thursday, leaving Athens with 2-3 weeks to complete the 16 reforms that are pending as part of the second review of the post-programme era.

Disposable income rises by 4.1 pct YoY in Q3, final consumption grows 1.8 pct

Greek household disposable income grew by 4.1 percent year-on-year (YoY) in the third quarter (Q3) of 2018, growing from the rise of 3.3 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.

Disposable income grows by 3.3 pct in Q2

Greek household disposable income grew by 3.3 percent year-on-year in the second quarter (Q2) of 2018, picking up from the increase of 2.1 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.