Exchange Rate in Greece
Greece - Exchange Rate
Growth jumped to an over one-decade high in the third quarter, putting the country on track to record its strongest expansion since 2007 this year. A strong rise in inventories drove Q3’s acceleration, while other economic dynamics were more lackluster. Household spending growth was stable in the quarter, while government consumption and fixed investment both contracted. Although the economy has come a long way since the height of the crisis—as demonstrated by the unemployment rate, which hit a seven-year low in Q3—the recovery remains modest considering the depth of the country’s recession. Available data for the fourth quarter suggests that the economy’s momentum remains in place, reflected by the manufacturing PMI which hit a six-month high in November. Meanwhile, the Eurogroup greenlighted the 2019 budget at the start of December, the country’s first budget without the backdrop of a bailout program in over eight years. Notably, the budget excludes a planned pension cut that was supposed to take place in January.Greece - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.38 | 1.21 | 1.09 | 1.05 | 1.20 |
Greece Exchange Rate Chart
Source: Thomson Reuters.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.88 | 0.76 % | Jan 14 |
| Exchange Rate | 1.15 | 0.65 % | Jan 14 |
| Stock Market | 630 | -1.46 % | Jan 14 |
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Economic News
Greece: Unemployment rate remains steady in October
January 10, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 11,374 in October compared with September while the seasonally-adjusted unemployment rate remained unchanged at September’s 18.6%.
Greece: Industrial production rebounds in November
January 9, 2019
Industrial production rose a solid 3.1% year-on-year in working-day adjusted terms in November, rebounding from October’s revised 0.7% dip (previously reported: -1.1% year-on-year) and marking the strongest expansion in over a year.
Greece: Manufacturing PMI eases from 6-month high in December
January 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell from 54.0 points in November to 53.8 points in December.
Greece: Unemployment rate drops again in September
December 13, 2018
According to data released by the Hellenic Statistical Authority (ELSTAT), labor market conditions improved again in September.
Greece: Industrial production drops in October
December 10, 2018
Industrial production contracted in October, recording the first fall since February.
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