Several Greek corporates released first quarter (Q1) trading updates during the week, showing steady performance so far but urging caution over the coming period due to the coronavirus pandemic.
Greece’s Consumer Price Index (CPI) dropped by 1.4 percent year-on-year (YoY) in April compared to no change in March, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Greece’s trade deficit fell by 7.9 percent year-on-year (YoY) in March compared to no change YoY in February, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
The month-on-month rise in Greece's new tax debt came to 1.04 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) has shown.
The employment balance edged into positive territory in April with 7,205 more hirings than firings, data from the Labour Ministry’s Ergani information system showed.
Greece’s seasonally adjusted (SA) unemployment rate came to 16.1 percent in February from a downward revised reading of 16.2 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
The European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession of historic proportions this year.”
The government has indicated that it is looking for further cooperation from the banking sector to inject liquidity into the country’s business landscape.
The overall weighted average interest rate on all new loans to households and non-financial corporations fell by 24 percentage points to 4.06 percent in March from 4.30 percent in February, data from the Bank of Greece (BoG) showed on Wednesday.
Greece’s manufacturing PMI plummeted to 29.5 points in April from 42.5 points in March, according to the latest data from Markit PMI.