Exchange Rate in Greece
Greece - Exchange RateThe economy shrank in the first quarter as a result of the Covid-19 containment measures that began in mid-March, although less sharply than other Eurozone peers. Declines in household and capital spending drove the contraction, though resilient exports cushioned the downturn somewhat. Available data paints a bleak picture for Q2, however. Industrial production plummeted at the sharpest rate in over eight years in April and the manufacturing PMI remained entrenched deep in contractionary territory in May despite bouncing back from April’s record low. On the external front, goods exports collapsed at an unprecedented pace in April, while tourism revenues virtually ground to a halt in the same month after plunging 70% in annual terms in March. More positively, the government has gradually reopened the economy, with 1 July slated for full normalization of economic activity, albeit with some restrictions.
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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August 7, 2020
Industrial output fell 4.9% year-on-year in working-day adjusted terms in June, which was a less pronounced contraction than May's 7.8% decrease.
August 6, 2020
The number of unemployed workers rose by 48,444 in May compared to April while the seasonally-adjusted unemployment rate jumped to 17.0% from the previous month’s 15.7%, according to data released by the Hellenic Statistical Authority (ELSTAT).
August 3, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped from 49.4 in June to 48.6 in July, erasing some of June’s gains and ending the improving trend since April’s historic low due to the coronavirus lockdown.
July 10, 2020
Industrial output declined 7.3% year-on-year in working-day adjusted terms in May (April: -10.0% yoy).
July 9, 2020
The number of unemployed workers rose by 52,717 in April compared to March while the seasonally-adjusted unemployment rate climbed to 15.5% from the previous month’s revised 14.5% (previously reported: 14.4%), according to data released by the Hellenic Statistical Authority (ELSTAT).