ELSTAT

The number of employed persons amounted to 4,229,548, up by 26,303 compared with July 2023 (0.6%) and down by 46,286 persons compared with June 2024 (-1.1%).

The Total Building Activity (private and public) in Greece, in May 2024, based on the issued building permits, amounted to 2,065.

This is an increase of 4.3% compared with the second quarter of 2023 when the respective turnover was 17.37 billion euros

Month-over-month, the General Index rose by 2.1% in June 2024 compared to May 2024, a notable jump from the 0.5% increase recorded in the same period of the previous year.

According to ELSTAT, revenues in the two sectors increased overall, but Mykonos and Santorini reported a steep decline

The Overall IPI in June 2023 decreased by 3.0% compared with the corresponding index in June 2022.

Food items continue to experience the largest annual changes, with olive oil surging by 56.7%, cereals up by 7.4%, fresh fish increasing by 8.4%, and mineral water/soft drinks rising by 8.6%.

Ice cream in Greece is becoming a costly pleasure with a liter selling for at least 3.7 euros in 2023, among Europe's most expensive.

PM Mitsotakis reminded that the unemployment rate fell to 9.6% in June 2024, down from 10.3% in May 2024 - the lowest level since the same month in 2009

The unemployed population dropped to 456,663, showing a significant decrease of 85,865 from June 2023 (-15.8%) and a reduction of 30,629 from May 2024 (-6.3%).

Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume

This contrasts with a 12.5% decrease observed in May 2023 compared to May 2022.

Final figures on inflation for Greece came in slightly worse than the preliminary figure of 2.4%, released by ELSTAT at the start of July

The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.

The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.

The same price index had decreased 20.8% from May 2022 to May 2023

The drop in gross tonnage is for vessels 100 GRT and over, and is a continuation of the overall downward trend since January 2022

The average overall Industrial Production Index for the period from January to May 2024 recorded an increase of 5.8% compared with the average IPI of the period from January to May 2023.

ELSTAT said the number of employed persons is estimated at 4,249,074, marking a 1.3% uptick compared to May 2023

Signs of reduced consumption were recorded in April, as it appears that ongoing and widespread inflation has created conditions for a downturn in retail.