ELSTAT, the Hellenic Statistical Authority, reported that Greek businesses recorded a 12.7% increase last July, reaching €37.95 billion, compared to July 2023, when it stood at €33.67 billion.
The data concerns companies maintaining double-entry bookkeeping, and for which monthly data are available.
The most substantial uptick compared to July 2023 was posted by enterprises in the “Electricity, Natural Gas, Steam, and Air Conditioning Supply” sector, with a 35.6% increase, while the smallest increase was seen in the “Human Health and Social Work Activities” sector, at just 1%.
ELSTAT: Retail Sector Performance
It should also be noted that retail trade turnover grew at a positive rate in the second quarter of 2024, according to recent ELSTAT data.
Specifically, for all retail businesses, turnover in the second quarter of 2024 amounted to €18.11 billion, a 4.3% increase compared to the second quarter of 2023, when it reached €17.37 billion, and a 15.4% increase compared to the first quarter of 2024, when it stood at €15.69 billion, according to ELSTAT data.
For retail businesses, excluding the vehicle, food, and fuel sectors, turnover in the second quarter of 2024 reached €6.57 billion, showing a 4.1% increase compared to the second quarter of 2023, when it stood at €6.31 billion, and a 22.8% increase compared to the first quarter of 2024, when it reached €5.35 billion.
Source: tovima.com
Latest News
Over 1,000 New Traffic Cameras to be Installed in Athens
1,800 new cameras are soon expected around Attica to monitor crime and particularly traffic violations
Alexandroupolis FSRU Unit Starts Commercial Operation
The project is considered an essential piece of a greater plan for the region that will create a ‘Vertical Corridor’ to improve the energy security of central and southeast Europe
August 2024 Jobless Rate in Greece at 9.4%: ELSTAT
The total number of individuals without work in the country amounted to 444,402, marking a decrease of 90,496 persons in comparison with August 2023.
ELSTAT Highlights Greek Demographic Problem in Report
Total births in 2023 amounted to 71,455, a 6.1% drop compared to 2022, when there were 76,095 births
EU Launches Infringement Process against Greece, 16 Other States for Failing to Implement CSRD
The member-states in question now have two months to respond and complete their transposition
Inflation: 3% in Greece in September – 1.8% in the Eurozone
At the same time, the consumer price index in the Eurozone increased by 1.8% during the same month (down from 2.2% in Aug.), falling below the European Central Bank's (ECB) target of 2%.
Trio of SE Europe Ministers Call for EU Action to Address Surging Power Prices
The energy ministers of Greece, Bulgaria and Romania said sharp price hikes in SE Europe's wholesale power markets last summer wer due to external factors
Greece to Sell 10% Stake in National Bank as Part of Banking Sector Privatization
This means that Greece could raise up to 727.2 million euros from the sale
ELSTAT: Retail Trade in Greece Slightly Down in July
The concerning figures come in spite of the summer sales by retailers, as consumers are trying to make ends meet due to the rising cost of living
Austria’s Far Right FPO Wins General Elections
The projected victory highlights the electorate shift in Europe toward hard right parties caused largely by rising concerns over immigration levels.