Exchange Rate in Greece
Greece - Exchange RateHigh-frequency data suggests that GDP bounced back in annual terms in Q2. Firming retail sales growth in the first two months of the quarter and a falling unemployment rate in Q2 suggest that consumer spending gained steam. Moreover, industrial production came in above Q1’s average in Q2, which, coupled with a markedly higher manufacturing PMI on average in the period, points to healthier private sector activity. A similar story unfolded on the external front, with goods exports soaring in the quarter, likely on the back of the reviving tourism industry. Turning to Q3, activity is expected to cool—partly due to a fading base effect—but it should remain strong nonetheless, as evidenced by improved economic sentiment and an upbeat manufacturing PMI in July. However, destructive wildfires across the country since early August and record-high Covid-19 cases bode ill for the recovery.
Greece - Exchange Rate Data
|Exchange Rate (vs USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Greece Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||1.91||0.76 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 10, 2021
Industrial output rose 7.8% year-on-year in working-day adjusted terms in July, which followed June's 8.9% increase.
September 7, 2021
GDP bounced back solidly, growing 16.2% in Q2 and contrasting the 2.3% contraction tallied in the first quarter, as the easing Covid-19 restrictions spurred activity.
September 1, 2021
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at 59.3 above July’s 57.4 marking the highest reading since April 2000.
August 15, 2021
The number of unemployed workers decreased by 40,485 in July compared to June, while the seasonally-adjusted unemployment rate dropped to 14.2% in July from 15.0% in June.
August 12, 2021
The number of unemployed workers decreased by 32,189 in June compared to May, while the seasonally-adjusted unemployment rate dropped to 15.0% from May’s downward revised 15.8% (previously reported: 15.9%).