Retail Sales in Greece
Greece - Retail SalesIncoming data suggests that the soft dynamics at the end of last year carried over into the first quarter. Retail sales fell for the third straight month in February, which, combined with declining employment in January–February and persistent consumer pessimism in Q1, points to subdued household spending in the quarter. Metrics, however, were more upbeat in Q2: In April, the manufacturing PMI rose to its highest level in nearly two decades while confidence in the industrial sector improved. On the political front, Prime Minister Alexis Tsipras—whose term ends in October—called snap general elections on 26 May after his Syriza party suffered a heavy defeat by the conservative New Democracy party in the European Parliament and local elections. Financial markets reacted positively to the news, with the 11-year government bond yield falling to a record low the following day. Meanwhile, polls indicate that New Democracy will win the election, which will likely be held in June or July.
Greece - Retail Sales Data
|Retail Sales (annual variation in %)||-8.1||-0.4||-1.5||-0.6||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Greece Retail Sales Chart
Source: National Statistical Service and Met the why particular calculations.
|Bond Yield||3.43||0.76 %||Jun 14|
|Exchange Rate||1.12||0.65 %||Jun 14|
|Stock Market||847||-1.46 %||Jun 14|
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June 11, 2019
Industrial production dropped 0.8% year-on-year in working-day adjusted terms in April, following March’s revised 2.8% decline (previously reported: -2.7% year-on-year), which had marked the sharpest fall in three years.
June 6, 2019
The number of unemployed workers declined by 14,766 in March compared to February while the seasonally-adjusted unemployment rate dipped to 18.1% from 18.4% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
June 4, 2019
The economy lost further momentum at the outset of 2019, according to provisional data released by the Greek Statistical Institute (ELSTAT).
June 3, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 54.2 in May from 56.6 in April, which had marked the highest reading in nearly two decades.
May 11, 2019
Industrial production dipped 2.7% year-on-year in working-day adjusted terms in March, contrasting February’s revised 3.0% expansion (previously reported: +2.3% year-on-year) and marking the sharpest decline in three years.