Exchange Rate in Greece
Greece - Exchange Rate
The economy seemed to have lost some traction in the final stretch of 2018, following a relatively solid showing, albeit one that was underpinned by inventory growth, in the third quarter. After rebounding strongly in November, industrial production growth cooled in December due to a contraction in manufacturing output. This, coupled with more pessimistic sentiment in both the industrial and construction sectors in the same month, point to somewhat softer business activity in Q4. On the demand front, weak retail sales growth, on average, in October–November hint at the persistence of subdued household spending in the quarter, despite improvements in the labor market and consumer confidence. Looking ahead, with the PMI and economic sentiment edging down in January, it appears the economy entered 2019 on similarly soft footing.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 | 4.33 | 0.76 % | Mar 11 |
| Exchange Rate | 1.12 | 0.65 % | Mar 11 |
| Stock Market | 697 | -1.46 % | Mar 08 |
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Economic News
Greece: Industrial production growth picks up in January
March 8, 2019
Industrial production rose 3.4% year-on-year in working-day adjusted terms in January, following December’s revised 1.3% expansion (previously reported: +1.1% year-on-year).
Greece: Unemployment rate dips in December
March 7, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 16,774 in December compared with November while the seasonally-adjusted unemployment rate dipped to 18.0% from 18.3% in the previous month.
Greece: Growth slows in the final quarter of 2018
March 7, 2019
According to provisional data released by the Hellenic Statistical Authority (ELSTAT) on 7 March, the Greek economy lost steam in the final stretch of 2018.
Greece: Manufacturing PMI climbs to nine-month high in February
March 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) edged up from 53.7 points in January to 54.2 points in February, a 9-month high.
Greece: Industrial production growth slows in December
February 8, 2019
Industrial production rose 1.1% year-on-year in working-day adjusted terms in December, moderating from November’s revised 4.2% expansion (previously reported: +3.1% year-on-year), which had marked an over one-year high.
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