Economy
Q1 unemployment rises to 12.1 pct due to seasonal causes
Greece’s non-seasonally adjusted quarterly unemployment rate moved up significantly in Q1 this year, rising to 12.1 percent, from 10.5 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Lack of savings points to wider economic issues
The data emerging from economic research on the Greek economy continues to highlight various challenges and to raise questions about whether, after half a decade in office, the Greek government has had much impact on changing the structural characteristics of the country’s economic model.
May PMI still in expansion as firms report supply chain and cost issues
Greece’s Manufacturing PMI remained in expansion in May, though it slightly moderated to 54.9 points from 55.2 points in April, according to S&P Global data released on Monday.
Fitch leaves rating unchanged at 'BBB-', outlook stable
Fitch on Friday reaffirmed Greece’s credit rating to ‘BBB-‘ with stable outlook. It is another indication that the country’s rating has entered a steady environment after the several upgrades over the last couple of years that brought it to investment grade.
Fuel and food trigger retail sales jump of 10.9 pct in Mar
Greece’s retail sales rebounded strongly in March, with a jump of 10.9 percent year-on-year (YoY), after a downward revised decline of 3.5 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Producer prices drop 1 pct in Apr, in contraction for over one year
Greece’s Producer Price Index (PPI) remained in contraction in April, dropping by 1 percent year-on-year (YoY), after falling by 0.1 percent in March, ELSTAT data showed on Thursday.
Unemployment rate unchanged at 10.8 pct in Apr
Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged in April, landing at 10.8 percent, the previous month was upwards revised from 10.2 percent, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Economic sentiment improves further in May, consumer confidence dips
Greece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points in the previous month, according to European Commission figures released on Thursday.
Rise of deposits moderates to 384 mln in April
The net private sector deposits in the Greek banking system increased in April with a rise of 384 million euros, after a 1.67-billion-euro rise in March, based on the latest Bank of Greece (BoG) figures released on Wednesday.
Credit growth unchanged in April at 4.5 pct, flow turns negative
The credit expansion in the Greek private sector was unchanged in April, rising by 4.5 percent year-on-year (YoY), Bank of Greece (BoG) figures released on Wednesday showed.