Exchange Rate in Greece
Greece - Exchange Rate
Available data suggests that growth likely cooled somewhat in the third quarter from the second quarter’s positive reading. Industrial production dropped in the quarter and exports contracted in August, likely weighed on by the weak external backdrop. However, the unemployment rate continued on its downward trend in the same month, dropping to a new over eight-year low. Meanwhile, on the political front, the government continued to make progress on reforms, approving a new package on 25 October, aimed at spurring investment and improving the business climate in the country. The package included some unpopular measures such as exemptions for companies to opt out of collective wage agreements and the outsourcing of some government services, which sparked protests in the country.Greece - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | - | - | - | - | - |
Greece Exchange Rate Chart
Source: Thomson Reuters.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.99 | 0.76 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 854 | -1.46 % | Sep 04 |
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Economic News
Greece: Industrial production rebounds in September
November 8, 2019
Industrial production rose 1.2% year-on-year in working-day adjusted terms in September, rebounding from August’s 0.1% slip.
Greece: Unemployment rate dips to its lowest since April 2011 in August
November 7, 2019
The number of unemployed workers fell by 9,932 in August compared to July while the seasonally-adjusted unemployment rate slid to 16.7% from 16.9% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
Greece: Manufacturing PMI slips to four-month low in October
November 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) ticked down to a four-month low of 53.5 in October from 53.6 in September.
Greece: Industrial production falls again in August
October 10, 2019
Industrial production declined 0.6% year-on-year in working-day adjusted terms in August, following July’s 1.7% dip which had marked the worst downturn since February 2016.
Greece: Unemployment rate declines to over eight-year low in July
October 10, 2019
The number of unemployed workers fell by 11,405 in July compared to June while the seasonally-adjusted unemployment rate edged down to 16.9% from 17.1% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
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