New data report: Greek employment on the rise, trade deficit shrinks

According to data published on Monday by the Ergani IT system, employment in the private sector grew in July, with the hiring/dismissal balance showing a positive 7,242 job positions.

New hirings totalled 225,856 in July while dismissals or voluntary leaves totalled 218,614 in the month. Employment flows in the first seven months of 2017 was a positive 263,145 new job positions, the highest figure in the seven-month period since 2001.

In the January-July period, hirings totalled 1,423,552 and dismissals 1,160,407.

Meanwhile, according to the latest data from Hellenic Statistical Authority Greece’s trade deficit shrank by 0.9% in June this year as exports grew 11.8%, double the growth rate of imports.

According to Hellenic Statistical Authority the value of import-arrivals totalled 3.877 billion euros in June, from 3.640 billion in June 2016, for an increase of 6.5% (excluding oil products imports grew 3.9% while excluding oil products and ships imports grew 3.8%).

The value of export-deliveries totalled 2.379 billion euros in June, from 2.128 billion in June last year, for an increase of 11.8% (excluding oil products exports grew 10.7% while excluding oil products and ships exports rose 11.5%).

As a result, the country’s trade deficit totalled 1.498 billion euros in June, from 1.512 billion in June 2016, a decline of 0.9% (excluding oil products the trade deficit shrank 4.1%while excluding oil products and ships the trade deficit fell 5.5%).

In the January-June period, the value of imports totaled 25.780 billion euros, up 19.3% from the same period last year (excluding oil products exports rose 11.8% while excluding oil products and ships imports rose 6.3%).

The value of exports totaled 14.188 billion euros in the first half, up 18.2% from the same period in 2016 (excluding oil products exports grew 7.6 % while excluding oil products and ships exports rose 7.8 %).

As a result, the country’s trade deficit totalled 11.595 billion euros in the January-June period, up 20.7% from last year (excluding oil products the trade deficit grew 16.2% while excluding oil products and ships the trade deficit rose 4.4 %).

GCT Team

This article was researched and written by a GCT team member.

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