Tuesday September 30, 2014 Search
Weather | Athens
26o C
17o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Jobless rate working its way up

 Credit growth and industrial output continued their downward course

Unemployment keeps increasing in Greece as the recession continues to bite, climbing to 21.7 percent in February, while other data showed negative credit growth in the same month and a further decline in industrial output in March, according to the Hellenic Statistical Authority (ELSTAT). However, Greek exports picked up the pace of expansion in March.

The jobless rate continued to climb, after hitting 21.3 percent in January after having stood at 15.2 percent as recently as February 2011. Worse, according to non-seasonally adjusted data, the rate is close to 23 percent. The number of unemployed increased to 1,070,724 people.

Also in February, credit expansion was negative to the tune of -1.4 percent. In the January-March period property transactions declined by 54 percent on an annual basis, the Bank of Greece reported on Thursday.

The General Index of Industrial Output deteriorated in March and in the first quarter of the year. ELSTAT data showed an 8.5 percent annual decline in March, after an 8.1 percent respective drop in March 2011 from the year before. On a quarterly basis, output fell by 7.6 percent in the January-March period from the same time in 2011.

On a much more positive note though, exports returned to their course of acceleration in March after a period of slowdown in growth from end-2011 to February 2012. Exporters attribute the 15.8 percent increase on a yearly level to the fact that in March it was the pre-Easter period for Catholics and Orthodox alike.

ELSTAT figures showed that the total value of exports (not including oil products) came to 1.56 billion euros, up from 1.35 billion in March 2011. In the April 2011 - March 2012 period exports posted a 7.7 percent increase from the year before.

Imports declined by 6.6 percent in March year-on-year to reach 2.91 billion euros, against 3.11 billion in the same month last year.

ekathimerini.com , Thursday May 10, 2012 (22:59)  
Eurozone inflation numbers pile more pressure on ECB
Greek unemployment dips to 27 pct in June, but still highest in EU
EU gives more aid to farmers hurt by Russia sanctions
Greeks ruled ship market in August
Degas painting valued at 6 million euros stolen from Cypriot pensioner
Thieves have stolen a painting by French master Edgar Degas valued at 6 million euros ($7.6 million) from the home of a 70-year-old Greek Cypriot, Cyprus police said on Tuesday. The painting...
Elderly man dies while waiting to pay property tax
An elderly man died in Thessaloniki on Tuesday after collapsing at a bank while waiting in line to pay the ENFIA property tax, the Athens-Macedonia News Agency reported. The unnamed man, bel...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Next-day jitters
It is usual for Greek governments, whether one-party or coalitions (which are normally loath to actually work together), to claim that their only real challenge is dealing with the countrys...
EDITORIAL
No sweet debt deals
The lions share of Greeces debt is held by European Union member states and the International Monetary Fund. A writedown of the European part of the debt would require the approval of the ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Degas painting valued at 6 million euros stolen from Cypriot pensioner
2. Eurozone inflation numbers pile more pressure on ECB
3. Elderly man dies while waiting to pay property tax
4. Three teens questioned over video showing torture of dog
5. Greek unemployment dips to 27 pct in June, but still highest in EU
6. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
more news
Today
This Week
1. Next-day jitters
2. Roma camp off Mesogeion Avenue set for demolition amid reactions
3. No sweet debt deals
4. Commissioner-designate Avramopoulos to face three-hour interview on EU's migration portfolio
5. EU gives more aid to farmers hurt by Russia sanctions
6. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Greece may opt for unusual president to avoid snap polls, Venizelos says
3. Woman allegedly buried alive by accident in northern Greece
4. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
5. Venizelos denies jihadis are being trained in Greece
6. Should you bet with Kissinger on where the world is heading?
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.