Exchange Rate in Greece
Greece - Exchange Rate
The economy shifted to a lower gear in Q1. Household spending waned amid softer wage gains, while government expenditure contracted yet again. Net trade also dragged markedly on growth but, encouragingly, fixed investment rebounded solidly. Turning to Q2, activity seems to have remained somewhat subdued. Industrial production dipped again in April, and the manufacturing PMI fell from a near two-decade high in May. Moreover, economic sentiment averaged lower in April–May than in Q1 owing to lingering pessimism among consumers and more downbeat sentiment in the retail trade sector, boding ill for private consumption. In politics, the conservative New Democracy party is expected to win the 7 July general election. Although this implies a shift to market-friendly policies, which may provide a boost to business sentiment, the slow pace of the recovery is set to persist amid the economy’s structural weaknesses and government’s commitment to strict fiscal targets.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 | 3.06 | 0.76 % | Jul 11 |
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 863 | -1.46 % | Jul 11 |
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Economic News
Greece: Unemployment rate dips to near eight-year low in April
July 11, 2019
The number of unemployed workers declined by 26,925 in April compared to March while the seasonally-adjusted unemployment rate fell to 17.6% from 18.2% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
Greece: Industrial production falls at sharpest pace in over three years in May
July 10, 2019
Industrial production declined 1.2% year-on-year in working-day adjusted terms in May, marking the sharpest fall in over three years and contrasting April’s revised 1.7% increase (previously reported: -0.8% year-on-year).
Greece: Manufacturing PMI drops to lowest level since November 2017
July 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped to 52.4 in June from 54.2 in May, the lowest level in nearly two years.
Greece: New Democracy expected to win general election but economic recovery set to remain sluggish
June 25, 2019
After suffering a resounding defeat to the conservative opposition New Democracy (ND) party in the European and local elections last month, Prime Minister Alexis Tsipras, head of the ruling left-wing Syriza party, called snap general elections for 7 July, nearly four months before the end of his term.
Greece: Industrial production declines again in April
June 10, 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.
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