Weekly Bulletin

24 Nov, 2020
  • According to the GeoStat labor force survey, the unemployment rate went up by 0.7 pp YoY to 11.9% in Q3 2020. Employment rate stood at 53.6%, down 1.9 PP YoY
  • 2.2% decline in exports of goods in October mostly reflected continued decline in passenger car re-exports (-56.5% YoY)
  • A sharp 25.3% YoY decline of imports in October (vs -8.9% YoY in September) is primarily explained by the lower imports of copper ores (-59.2% YoY)
  • Remittance inflows maintained strong performance increasing by 18.6% YoY in October, albeit moderated compared to 28.7% YoY increase in September
  • Producer Price Index (PPI) growth accelerated to 8.0% YoY in October 2020, up from 5.9% YoY in September 2020. On a monthly basis, PPI went up by 1.7%, primarily explained by higher prices on food products (+2.8% MoM)
  • NBG sold USD 30mln on November 18th
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