Hellenic Statistical Authority

Rise of Black Friday in Greece has little impact on total retail sales

Stores and consumers in Greece are gearing up for Black Friday - normally the last Friday of November, but on November 23 this year - as the shoppers' "holiday" when many retailers reduce their prices and provide special offers has been embraced by the local market too.

Exports gain ground in year to end-September

Greek exports to the country's traditional trading partners increased over the first nine months of the year, while exports to third countries are soaring, and especially to China, according to an analysis of Hellenic Statistical Authority (ELSTAT) data.

Including fuel, exports in the year to end-September climbed by 3.49 billion euros year-on-year to 24.34 billion.

European Commission reiterates its support for former ELSTAT chief

The European Commission has "full confidence in the reliability and accuracy of data by the statistical authority in Greece under Mr Georgiou's leadership," Commissioner for Employment and Social Affairs Marianne Thyssen told a meeting of European parliament's plenary on Wednesday night.

Georgiou case to be discussed at EP plenary on Wednesday

The European Parliament plenary will on Wednesday hold a debate on the case of Andreas Georgiou, the former head of Greece's statistical service (ELSTAT), and the independence of statistical authorities in the members of the European Union.

The session is scheduled to begin at 6 p.m. Greek time.

Possible pressures on the public debt

In the previous Note, we considered the relationship between nominal GDP growth, the fiscal deficit, and the evolution of the debt/GDP ratio. We noted that the math only works if the deficit accurately and truly reflects all the pressures on the stock of debt. In this Note, we can look at this issue in more detail with past data for Greece from 1995-2017.

Greek August unemployment drops to 18.9 pct, lowest since Aug. 2011

Greece's jobless rate eased to 18.9 percent in August from an upwardly revised 19.1 percent in the previous month, falling to its lowest level since August 2011, data from the country's statistics service ELSTAT showed on Thursday.

Seasonally adjusted data showed the number of unemployed at 896,588 people, with younger persons aged up to 24 bearing the brunt of being out of work.

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