Exports in Greece
Greece - ExportsThe economy has slowed further this year, after sluggish consumption growth underpinned a deceleration in activity in Q4 2021. In Q1 2022, industrial production growth slumped in January–February, while retail sales growth nearly halved in the same period, hinting at cooling private spending, even as the unemployment rate fell markedly when compared to the same period in 2021. Moreover, the manufacturing PMI dipped to an 11-month low in March, suggesting private sector conditions softened further at the tail-end of the quarter. The slowdown seemingly carried over into Q2, as reflected in deteriorating business and consumer confidence in April, with soaring inflation due to the war in Ukraine likely hindering domestic demand. More positively, on 22 April, S&P Global Ratings upgraded Greece’s credit rating from ‘BB’ to ‘BB+’ with a stable outlook, boding well for the investment climate.
Greece - Exports Data
|Exports (USD billion)||27.5||27.2||31.6||38.2||36.3|
5 years of economic forecasts for more than 30 economic indicators.
Greece Exports Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||1.91||0.76 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 10, 2022
Industrial output expanded 7.9% year-on-year in working-day adjusted terms in March (February: +4.8% yoy).
May 3, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.8 in April, up from March's 54.6.
April 11, 2022
February’s print suggested a reviving labor market, as the number of employed people increased by 112,391 compared with January 2022, while the seasonally-adjusted unemployment rate declined marginally from January’s 12.9% to 12.8% in February.
April 8, 2022
Industrial output grew 4.8% year-on-year in working-day adjusted terms in February (January: -0.5% yoy).
April 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.6 in March, down from February's 57.8.