BMI View: The inability of government to ramp up infrastructure spending as it imposes a strict austerity
policy will limit commercial vehicle sales, while the lack of funds available to the consumer due to low
wages and capital controls will drag on consumer spending ..."
BMI View: The weak consumer sentiment coupled with the governments strict austerity measures and its
inability to ramp up public spending will drag on total vehicle sales in 2016. As a result of these headwinds,
total vehicle sales will remain well below its previous ..."
BMI View: The inability of the government to implement a supportive fiscal policy paired with a weak
consumer outlook will hinder total vehicle sales in Greece, with production of 85,216 units forecast in 2016
- a total that remains well below the 2004 pre-crisis leve ..."
BMI View: We expect growth at both major Greek ports (Piraeus and Thessaloniki) in 2016, following
positive estimations for 2015. This outlook is based on the increasing use of port facilities for
transhipments, especially at Piraeus, and the country's ideal location ..."
BMI View: A weak domestic economic outlook associated with constricted consumer sentiment will drag
significantly on total vehicle sales in Greece, with volumes of 89,670 units forecast in 2019 remaining well
below pre-crisis levels of some 315,000 units.
The implementation of a third bailout agreement between Greece and the troika of international lenders (the
IMF, EU Commission, and ECB) has eased the immediate pressures on the Greek economy and its key
sectors. Greece's current account will remain firmly in surplus ..."
BMI believes that the significant increase in passenger car sales is mainly due to the sharp rise for rental
cars in the tourist season.
In 2014, passenger car sales increased 21.3% to 71,218 units. BMI attributes this growth over the year to
low base effects an ..."
BMI View: Within a turbulent economic and political climate, Greek ports and shipping continue to show
resilience as they focus on their roles as regional gateways and transhipment hubs rather than relying on
domestic demand. We forecast positive growth at the ports o ..."
The new passenger car market rose by 21.6% in May compared with the same period the year before. Since
the beginning of 2015, 34,142 new passenger cars have been registered as compared with 29,505 the same
period last year. The significant increase in passenger car sa ..."
BMI View: The outlook for Greek ports and shipping has deteriorated since our last quarterly report, as
the government engages in brinkmanship over its debt negotiations and sends confusing signals over the
fate of the port privatisation programme. That said, Greek se ..."