GREECE
Macro/Political
- The seasonally adjusted unemployment rate in September 2024 amounted to 9.3% compared to 10.7% in September 2023 and to 9.5% in August 2024.
Source: Elstat
- The Overall Turnover Index in Retail Trade in August 2024 decreased by 1.8% (y-o-y) and by 0.2% (m-o-m). The Overall Volume Index in Retail Trade decreased by 5.2% (y-o-y) while it increased by 0.1% (m-o-m).
Source: Elstat
- Data released by Eurostat showed that the annual inflation in Greece is expected to be 3.2% in October from 3.1% in September 2024.
Source: Eurostat
- In September 2024, the weighted average interest rate on new deposits and loans remained unchanged at 0.54% while the corresponding rate on new loans decreased to 5.61%.. The interest rate spread between new deposits and loans
CYPRUS
Macro/Political
- Preliminary data released by Cystat yesterday showed that the General Government fiscal balance for the period of January – September 2024 presented a surplus of EUR 1,401.2mn (4,2% of GDP) compared to a surplus of EUR 679,9mn (2,2% of GDP) in the same period of 2023. Primary balance recorded a surplus of EUR 1,736mn versus a surplus of EUR 994,3mn in the corresponding period of 2023. During Jan- Sep 2024 total expenditure decreased by EUR 52,4mn (-0,6%) to EUR 9,119.4mn from EUR 9,171,8mn in the corresponding period of 2023. Total revenue increased by EUR 668,9mn (+6.8%) to EUR 10,520.6mn compared to EUR 9,851,6mn in the same period of 2023. Particularly, in September 2024 the General government fiscal balance presented a deficit of EUR 11,5mn (Primary balance showed a surplus of EUR 25mn).
Source: Cystat
- Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 1.6% in October from 1.6% in September 2024.
Source: Eurostat
