Greece News, Economy & Financial Markets

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MacroVar analyzes in real-time economic, financial and geopolitical developments for Greece's economy and financial markets by monitoring financial, economic data and real-time news. To help you forecast and analyze economic and financial developments, our team provides you with free explanation of the theory and structure of our models and access to financial and economic data.

Greece Markets Overview

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Overview presents a real-time snapshot of financial and economic developments in Greece. The Greek stock market, bonds, currency and credit market dynamics are analyzed along with German macroeconomic dynamics.




Greece Economic Sectors

 
Economic sectors analyzes in detail the dynamics of the Greek economy by economic sector and subsector based on data obtained from Eurostat.  Explore MacroVar calculations.

Upgrade your account to get access to Greece's detailed economic sector analysis by subsectors and industries.


Sector Last Previous Trend Momentum 1-Year History M/M Q/Q Y/Y Subsectors Details
General Economic Conditions 106.2 106.6 blank blank blank -0 -4 5 blank
Subsector Last Previous Trend Momentum 1 Year M/M Q/Q Y/Y
Description
The economic sentiment indicator (ESI) is a composite indicator produced by the Directorate General for Economic and Financial Affairs (DG ECFIN) of the European Commission. Its objective is to track GDP growth at Member states, EU and euro area levels. The ESI is a weighted average of the balances of replies to selected questions addressed to firms in five sectors covered by the EU Business and Consumer Surveys and to consumers. The sectors covered are industry (weight 40 %), services (30 %), consumers (20 %), retail (5 %) and construction (5 %). Balances are constructed as the difference between the percentages of respondents giving positive and negative replies. EU and euro-area aggregates are calculated on the basis of the national results and seasonally adjusted. The ESI is scaled to a long-term mean of 100 and a standard deviation of 10. Thus, values above 100 indicate above-average economic sentiment and vice versa. Data are seasonally adjusted (SA). Further details on the construction of the ESI can be found in the user guide of the Joint Harmonised EU Programme of Business and Consumer Surveys.
Manufacturing sector -4.1 -4.1 blank blank blank 0 -241 5 blank blank
Subsector Last Previous Trend Momentum 1 Year M/M Q/Q Y/Y
Manufacturing of food products - Composite Get Premium Access to Subsector Analytics
Manufacturing of beverages - Composite Get Premium Access to Subsector Analytics
Manufacturing of tobacco products - Composite Get Premium Access to Subsector Analytics
Manufacturing of textiles - Composite Get Premium Access to Subsector Analytics
Manufacturing of wearing apparel - Composite Get Premium Access to Subsector Analytics
Manufacturing of leather and related products - Composite Get Premium Access to Subsector Analytics
Manufacturing of wood products (except furniture) - Composite Get Premium Access to Subsector Analytics
Manufacturing of paper and paper products - Composite Get Premium Access to Subsector Analytics
Printing and recorded media - Composite Get Premium Access to Subsector Analytics
Manufacturing of coal and petroleum products - Composite Get Premium Access to Subsector Analytics
Manufacturing of chemicals and chemical products - Composite Get Premium Access to Subsector Analytics
Manufacturing of pharmaceutical products - Composite Get Premium Access to Subsector Analytics
Manufacturing of rubber and plastic products - Composite Get Premium Access to Subsector Analytics
Manufacturing of other non-metallic mineral products - Composite Get Premium Access to Subsector Analytics
Manufacturing of basic metals - Composite Get Premium Access to Subsector Analytics
Manufacturing of fabricated metal products - Composite Get Premium Access to Subsector Analytics
Manufacturing of computer, electronic and optical products - Composite Get Premium Access to Subsector Analytics
Manufacturing of electrical equipment - Composite Get Premium Access to Subsector Analytics
Manufacturing of machinery and equipment - Composite Get Premium Access to Subsector Analytics
Manufacturing of motor vehicles, trailers - Composite Get Premium Access to Subsector Analytics
Manufacturing of other transport equipment - Composite Get Premium Access to Subsector Analytics
Manufacturing of furniture - Composite Get Premium Access to Subsector Analytics
Other manufacturing - Composite Get Premium Access to Subsector Analytics
Repair and installation of machinery & equipment - Composite Get Premium Access to Subsector Analytics
Description
The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the manufacturing industries. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized program as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission.
Services sector 39.9 36.7 blank blank blank 9 7 93 blank blank
Subsector Last Previous Trend Momentum 1 Year M/M Q/Q Y/Y
Architectural, engineering, technical analysis - Composite Get Premium Access to Subsector Analytics
Land transport & transport via pipelines - Composite Get Premium Access to Subsector Analytics
Water transport - Composite Get Premium Access to Subsector Analytics
Air transport - Composite Get Premium Access to Subsector Analytics
Warehousing and Support activities - Composite Get Premium Access to Subsector Analytics
Postal and courier activities - Composite Get Premium Access to Subsector Analytics
Accommodation - Composite Get Premium Access to Subsector Analytics
Food & Beverage Service activities - Composite Get Premium Access to Subsector Analytics
Publishing activities - Composite Get Premium Access to Subsector Analytics
Video, TV, Sound, Music Activities - Composite Get Premium Access to Subsector Analytics
Programming & broadcasting activities - Composite Get Premium Access to Subsector Analytics
Telecommunications - Composite Get Premium Access to Subsector Analytics
Computer programming & consulting - Composite Get Premium Access to Subsector Analytics
Information Service activities - Composite Get Premium Access to Subsector Analytics
Financial service activities (insurance & pension funds excluded) - Composite Get Premium Access to Subsector Analytics
Insurance, reinsurance, pension funding - Composite Get Premium Access to Subsector Analytics
Support Financial Services & Insurance Activities - Composite Get Premium Access to Subsector Analytics
Real estate activities - Composite Get Premium Access to Subsector Analytics
Legal & Accounting activities - Composite Get Premium Access to Subsector Analytics
Management, Consulting and Administration Activities - Composite Get Premium Access to Subsector Analytics
Scientific research & development - Composite Get Premium Access to Subsector Analytics
Advertising & market research - Composite Get Premium Access to Subsector Analytics
Other professional, scientific & technical activities - Composite Get Premium Access to Subsector Analytics
Veterinary activities - Composite Get Premium Access to Subsector Analytics
Rental & leasing activities - Composite Get Premium Access to Subsector Analytics
Employment activities - Composite Get Premium Access to Subsector Analytics
Travel services - Composite Get Premium Access to Subsector Analytics
Security & investigation activities - Composite Get Premium Access to Subsector Analytics
Buildings and landscape services - Composite Get Premium Access to Subsector Analytics
Admnistration, office support, business support activities - Composite Get Premium Access to Subsector Analytics
Creative, arts & entertainment activities - Composite Get Premium Access to Subsector Analytics
Libraries, Archives, Museums, Cultural activities - Composite Get Premium Access to Subsector Analytics
Gambling & betting activities - Composite Get Premium Access to Subsector Analytics
Sports activities, amusement activities - Composite Get Premium Access to Subsector Analytics
Membership organisations activities - Composite Get Premium Access to Subsector Analytics
Repair of personal and household goods - Composite Get Premium Access to Subsector Analytics
Other personal service activities - Composite Get Premium Access to Subsector Analytics
Description
The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the Services. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Retail Trade and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.
Retail sector 19.5 15.8 blank blank blank 23 -17 7 blank blank
Subsector Last Previous Trend Momentum 1 Year M/M Q/Q Y/Y
Trade & repair of motor vehicles & motorcycles - Composite Get Premium Access to Subsector Analytics
Sale of motor vehicles - Composite Get Premium Access to Subsector Analytics
Maintenance of motor vehicles & sale of accessories - Composite Get Premium Access to Subsector Analytics
Retail trade (motor vehicles & motorcycles excluded) - Composite Get Premium Access to Subsector Analytics
Retail sale of Food, Beverages, Tobacco - Composite Get Premium Access to Subsector Analytics
Retail sale of automotive fuel - Composite Get Premium Access to Subsector Analytics
Retail sale of other goods - Composite Get Premium Access to Subsector Analytics
Description
The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the retail trade. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.
Consumer sector -45.6 -44.7 blank blank blank 2 29 -12 blank
Subsector Last Previous Trend Momentum 1 Year M/M Q/Q Y/Y
Description
The purpose of the tendency survey for the consumer industry is to provide a fast and up-to-date picture of conditions and expectations in the consumer industry. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.
Construction sector 4.2 3.9 blank blank blank 8 -166 -116 blank blank
Subsector Last Previous Trend Momentum 1 Year M/M Q/Q Y/Y
Construction of buildings - Composite Get Premium Access to Subsector Analytics
Civil engineering - Composite Get Premium Access to Subsector Analytics
Specialised construction activities - Composite Get Premium Access to Subsector Analytics
Description
The purpose of the tendency survey for the construction industry is to provide a fast and up-to-date picture of conditions and expectations in the construction industry. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.
Employment dynamics 116.2 115.1 blank blank blank 1 1 6 blank
Subsector Last Previous Trend Momentum 1 Year M/M Q/Q Y/Y
Description
The purpose of the tendency survey for employment is to provide a fast and up-to-date picture of conditions and expectations in employment for the country. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission.


Greece Real-Time News

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Newsflow
Time Headlines See All News >>
08:11:29 Germany in a new push to get China behind Ukraine peace efforts - WSJ.
08:11:24 ECB’s Lane: Near-term inflation is to fluctuate near the current level.
08:11:24 ECB’s Lane: Even if the near-term inflation outlook is somewhat bumpy, the projected convergence of inflation to the target in 2025 will be underpinned.
08:11:24 ECB’s Lane: Deceleration in wage growth is necessary in order for services inflation to converge to a rate that is consistent with meeting the two per cent target.
08:11:24 ECB’s Lane: While service inflation should decline somewhat in the near term, it is expected to remain relatively elevated for most of this year.
08:11:24 ECB's Lane: There has been much less progress in relation to domestic inflation compared to broader inflation measures.
08:11:24 Stocks Climb in Return Calm as Oil Prices Decline - Europe Market Wrap
08:11:23 ECB's Kazimir: ECB is not committing to any policy path beyond June.
08:11:23 ECB's Kazimir: Economic recovery is taking hold and will accelerate in H2.
08:11:23 ECB's Kazimir: The door is opening for first interest-rate cut in June.
08:11:23 ECB's Rehn: The key ECB interest rates can be lowered in June if inflation slows as expected.
08:11:22 Eurozone Industrial Production February 2024 Full Report
08:11:22 Eurozone Industrial Production YoY Actual -6.4% (Forecast -5.5%, Previous -6.7%)
08:11:22 Eurozone Industrial Production MoM Actual 0.8% (Forecast 0.8%, Previous -3.2%)
08:11:22 ECB Survey of Monetary Analysts - April 2024
08:11:21 ECB's Simkus: Geopolitical shocks such as an escalation in the Israel and Iran conflict could cancel the June rate cut.
08:11:21 ECB's Simkus: I see a chance of a July rate cut following the move in June.
08:11:21 ECB's Simkus: ECB rates will come down both this year and next.
08:11:21 ECB's Simkus: Geopolitival shocks such as an escalation in the Israel and Iran conflict could cancel the June rate cut.
08:11:21 ECB's Simkus: I see a chance of July rate cut following the move in June.

Greece Economic Calendar

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Economic calendar presents real-time updates for actual, forecasts and consensus values of economic indicators and updates related to the Greek economy.






Greece Financial Markets


MacroVar analytics monitors the following Greece financial markets. MacroVar models monitor a vast of financial and macroeconomic factors affecting each financial market. Click on a specific financial market to get detailed analysis.


Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Athens General Composite ATG 1258.73 1 0.75 0.69513 64.8648 -0.00142 0.00663 0.06782 0.38871
FTSE/ATHEX Large Cap ATF 2981.76 1 0.25 0.4899 59.2435 0.01849 0.02664 0.06186 0.41565
Greece ETF GREK 33.71 1 -0.5 -0.02192 52.7309 0.00149 0.00838 0.04365 0.404
Greece 10-Year Bond Yield GR.10Y 4.081 -1 0.5 0.09875 39.9488 -0.01568 -0.00995 -0.06011 -0.05685
Greece 5-Year Bond Yield GR.5Y 3.338 -1 -0.75 -0.9461 32.1974 -0.02711 -0.05359 -0.04629 -0.02965
Greece 6-months bond yield GR.6M 1.679 0 0 0 0 0 0 0 0
Greece Yield Curve GR.YC 0.353 -1 -0.5 -0.1276 41.7262 0.08615 -0.4361 -0.49858 -0.55373
Greece Credit Default Swaps CDS.Greece 67 -1 -1 -1.0342 33.1123 0 -0.00741 -0.05965 -0.50554

Greece Macroeconomic Indicators


MacroVar analytics monitors the following Greece's economic indicators. Click on a specific macroeconomic indicator to get detailed analysis.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade gr.balanceoftrade -2676.4 -2746.1 -3 -25 UP UP 10 2023-09-30
bank lending rate gr.banks.lendingrate 5.21 6.52 -20 37 Down UP 88 2023-06-30
banks balance sheet gr.banks.bs 313976 315355 -0 -2 Down Down 30 2024-02-29
building permits gr.buildingpermits 2533 2489 2 1 UP UP 28 2023-12-31
business confidence gr.bizconfidence 108.4 104.9 3 1 UP UP 51 2024-03-31
capacity utilization gr.caputilization 75.9 76.8 -1 -1 UP Down 32 2023-04-30
capital flows gr.capitalflows 1862.11 -1037.3 -280 -40 UP Down 52 2024-01-31
car registrations gr.carregistrations 12478 11459 9 22 UP UP 72 2024-04-30
central bank balance sheet gr.cb.assets 223042 221043 1 -5 Down Down 29 2024-02-29
consumer confidence gr.consconfidence -44.7 -47.2 -5 -6 Down UP 47 2024-02-29
consumer price index cpi gr.cpi 117.39 115.61 2 5 UP UP 82 2024-02-29
core inflation rate gr.coreinflationrate 3.2 2.7 19 -52 Down Down 55 2024-02-29
current account gr.currentaccount -3161 1703 -286 140 Down Down 88 2024-02-29
current account to gdp gr.currentaccountgdp -6.3 -10.3 -39 -28 Down UP 0 2023-01-31
exports gr.exports 4227.2 3637.5 16 -11 Down Down 17 2023-09-30
external debt gr.externaldebt 552828 553207 -0 11 UP UP 59 2023-12-31
fiscal expenditure gr.fiscalexp 11211 5625 99 -33 Down Down 5 2024-03-31
foreign direct investment gr.fdi 480.5 375.6 28 128 UP UP 82 2024-01-31
foreign exchange reserves gr.fxreserves 12967 12414 4 6 UP UP 32 2024-03-31
gdp gr.gdp 219.07 214.87 2 -27 Down Down 0 2022-12-31
Real GDP gr.realgdp 48654.2 53029.9 -8 13 UP UP 97 2023-12-31
gdp growth gr.gdpgrowth 0.2 -0.1 -300 -95 Down Down 53 2023-12-31
gdp growth annual gr.gdpgrowthan 1.2 2.1 -43 -117 Down UP 45 2023-12-31
gold reserves gr.goldres 114.06 113.99 0 1 UP UP 62 2021-12-31
government budget gr.govbudget -1.6 -2.5 -36 -82 UP UP 0 2024-01-31
Government budget gr.govbudgetvalue 344.2 1092.8 -69 -58 UP Down 33 2024-02-29
government debt gr.govdebt 406523 402877 1 9 UP UP 45 2023-12-31
government debt to gdp gr.govdebtgdp 161.9 172.7 -6 0 Down Down 0 2024-01-31
government revenues gr.govrev 12648 6717 88 -52 Down Down 7 2024-05-31
housing index gr.housingindex 95 93.1 2 41 UP UP 100 2023-12-31
imports gr.imports 6903.6 6383.6 8 -17 Down Down 11 2023-09-30
industrial production gr.indproduction 1.6 10.2 -84 -68 Down Down 70 2024-02-29
industrial production mom gr.indproductionmm -1.7 3.1 -155 31 Down Down 82 2024-01-31
inflation cpi gr.inflationcpi 3.2 2.9 10 -30 UP Down 70 2024-03-31
interbank rate gr.interbankrate -0.56 -0.56 0 0 Down Down 34 2023-07-31
interest rate gr.interestrate 4.5 4.5 0 8900 UP UP 99 2024-04-01
loan growth gr.loangrowth 3.1 1.9 63 -51 UP Down 49 2024-01-31
loans to private sector gr.loanprivate 73097.6 72456.9 1 6 UP UP 90 2024-02-29
long term unemployment rate gr.ltunemploymentrate 5.3 6.5 -18 -45 Down Down 2 2024-06-30
Manufacturing PMI gr.manpmi 56.9 55.7 2 10 UP UP 77 2024-02-29
money supply m0 gr.msm0 31056 31088 -0 -8 Down Down 20 2024-02-29
money supply m1 gr.msm1 180014 180484 -0 -5 Down Down 16 2024-02-29
money supply m2 gr.msm2 234473 234872 -0 1 Down UP 10 2024-02-29
money supply m3 gr.msm3 235969 236099 -0 2 Down UP 18 2024-02-29
Producer Price Index gr.producerprices 137.4 138 -0 -4 UP Down 39 2024-02-29
PPI Index gr.producerpricesch -4.3 -7 -39 -132 UP Down 42 2024-01-31
retail sales MoM gr.retailsales -5.8 2.2 -364 1833 Down Down 0 2024-01-31
retail sales gr.retailsalesan -8.9 0.8 -1212 -842 Down Down 5 2024-01-31
unemployment rate gr.unemploymentrate 11 10.6 4 -4 UP Down 81 2024-02-29
youth unemployment rate gr.ytunemploymentrate 25 22.5 11 -13 UP Down 46 2024-02-29
Construction Confidence gr.esi.constr 4.2 3.9 800 -11600 UP UP 1600 2024-01-22
Consumer Confidence gr.esi.cons -45.6 -44.7 200 -1200 Down UP 4800 2024-01-22
Industrial Confidence gr.esi.man -4.1 -4.1 0 500 Down Down 0 2024-01-22
Retail Confidence gr.esi.ret 19.5 15.8 2300 700 Down UP 6000 2024-01-22
Services Confidence gr.esi.serv 39.9 36.7 900 9300 UP UP 8500 2024-01-22
ESI - Economic Composite gr.esi.conf 110.1 108.2 2 6 UP UP 71 2023-06-30

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