PMI drops marginally in Nov amid declining export orders and rising input costs
Greece’s manufacturing PMI recorded a drop in November to 52.7 points, from 53.5 points in the previous month, S&P Global data showed on Monday.
Macropolis
Farmers dig in as clashes and political tension escalate
Greece’s farmers have turned simmering frustration into a full‑blown confrontation with the government, blocking highways, clashing with police and demanding immediate payment of subsidies and compensation.
Athens takes stance on peace in Ukraine, faces stalemate in relations with Turkey
EU and NATO leaders, along with members of the so‑called “coalition of the willing,” are currently assessing the situation in Ukraine. Recent peace talks have gained momentum, but European leaders remain focused on securing a just and lasting peace for the country.
Energy leads 1.4 pct YoY drop in producer prices for Oct
Greece’s Producer Price Index (PPI) remained in contraction in October, with a drop of 1.4 percent year-on-year (YoY), after a decrease of 1.1 percent in September, ELSTAT data showed on Friday.
Fuels and food drive 0.7 pct YoY fall in Sept retail sales
Greece’s retail sales dropped by 0.7 percent year-on-year (YoY) in September, after a strong rise of 5.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Time running out for government action out as water crisis deepens
The Greek government is confronting a mounting water crisis that has pushed Attica to the brink of emergency status and forced ministers to admit that “difficult decisions” can no longer be delayed.
Deposits drop of 2.13 bln in Oct driven by businesses
The Greek banking system’s private sector deposits fell significantly in October, with a net drop of 2.13 billion euros, after a rise of 2.65 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Thursday.
Credit growth slows to 7.8 pct YoY in Oct
The credit expansion in the Greek private sector remained strong though it moderated in October, rising by 7.8 percent year-on-year (YoY), from 10.7 percent the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
Building activity remained in growth in August, with a rise of 7.8 percent year-on-year, after an increase of 12.2 percent YoY seen in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Labour agreement hailed by government as restoration of pre-crisis rights
PM Kyriakos Mitsotakis claimed to have lifted the final restrictions imposed on the labour markets by the bailout programmes, after the social partners shook hands on a deal to extend collective agreements.
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