Interest Rate in Greece
Greece - Interest RateOutput growth was likely resilient in the first quarter of this year. The services sector benefited from an improving labor market and reduced Covid restrictions while industrial output grew at the fastest pace in 16 months in March. That said, the manufacturing PMI dipped to an 11-month low in March, as the fallout from the Russia-Ukraine war hit sentiment. Moreover, consumer confidence worsened during the quarter amid soaring prices, which could have limited private consumption. In Q2, the economy is likely losing steam. In April, consumer confidence continued to worsen and inflation rose to the highest level in 27 years, which is likely tempering private spending. However, the manufacturing PMI improved slightly in April. Meanwhile, in early May, Greece removed virtually all remaining Covid-19 restrictions, which should help spur the tourism industry heading into the summer season.
Greece - Interest Rate Data
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Greece Interest Rate Chart
Source: European Central Bank.
|Bond Yield||1.91||0.76 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 10, 2022
Industrial output rose 8.4% year on year in working-day adjusted terms in June (May: +3.6% yoy).
August 10, 2022
June’s data pointed to a large improvement in the labor market.
August 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 49.1 in July, down from June's 51.1.
July 28, 2022
May’s data pointed to a marginally improving labor market.
July 8, 2022
Industrial output rose 3.2% year on year in working-day adjusted terms in May, which contrasted April's 4.8% decrease.