Hellenic Statistical Authority

The overall turnover index in industry in July 2024 recorded an increase of 11.7% compared with the corresponding index of July 2023, according to figures released by the Hellenic Statistical Authority (ELSTAT) on Friday.

The Overall Turnover Index in Industry in July 2023 had decreased by 10.3% compared to July 2022.

Turnover in accommodation and food service businesses in July saw a 5.2% yearly increase, but mostly attributed to inflation, while in popular destinations such as Mykonos and Santorini, a decrease in the relative turnover was recorded for another month.

Greece's inflation rose 3% in August year-on-year, compared to 2.7% in July and 2.7% in August 2023, according to data published on Tuesday by the Hellenic Statistical Authority (ELSTAT).

The Labor Ministry will focus its efforts to increase employment on the large pool of more than 4.2 million people who are outside the labor force - i.e. neither working nor looking for work - while the Hellenic Statistical Authority (ELSTAT) said on Thursday the unemployment rate stabilized at a single digit (9.8%).

Provisional data from the independent Hellenic Statistics Authority (ELSTAT) showed that the unemployment rate in July was 9.9%, higher than June's 9.5%. The latter figure is the final, downwardly revised one, with the provisional having been 9.6%.

Inflation in July increased to 2.7%, up from 2.3% in June and 2.5% in July of the previous year, data from the Hellenic Statistical Authority (ELSTAT) showed on Friday.

The rise is attributed to significant price increases in several food items, such as olive oil (+56.7%), as well as natural gas and a range of services.

Government officials are awaiting Friday's announcement of July inflation figures by the independent statistics authority ELSTAT with some trepidation. 

Unemployment has returned to a single-digit rate for the first time in 15 years, as on Wednesday the Hellenic Statistical Authority (ELSTAT) recorded a jobless rate of 9.6% in June, compared to 11.4% in June 2023.

Retail business data for May points to a decline in consumption despite an increase in turnover, per figures released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.

The Greek merchant fleet increased by 0.2% in May 2024 compared with May 2023. A decrease of 0.6% was recorded in May 2023 compared with May 2022, the Hellenic Statistical Authority (ELSTAT) announced on Thursday.

Additionally, the gross tonnage of the Greek merchant fleet, for vessels of 100 GRT and over, recorded a decrease of 3.5% in May 2024 compared with May 2023.