The evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Hellenic Statistical Authority (ELSTAT).
In his speech at the International Trade Fair in Thessaloniki on Saturday, the leader of the main opposition party (SYRIZA) Alexis Tsipras reiterated his pledges on debt haircut and other measures to ease debt servicing.
Greece’s central government primary cash balance turned to a surplus of 2.32 billion in the 8-month period from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation of 5.53 billion year on year.
Standard and Poor’s (S&P) upgraded today Greece’s long-term rating by one notch to ‘B’ from ‘B-‘ with a stable outlook and reflects its view that risks to fiscal consolidation have abated.
Greece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month period from 2.28 billion in the 7-month, according to the preliminary data released by the Ministry of Finance (MoF).
After a short-lived rise of 1.2 percent in May, the number of building permits issued in Greece fell by 10.7 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Greek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace of decline in 2014, according to the Bank of Greece's (BoG) monthly financial statement.
The seasonally adjusted jobless rate further slipped to 27 percent in June following a downward revised 27.1 percent recorded in May, according to the Hellenic Statistical Agency (ELSTAT).
In its 2014 European Competitiveness Report published today, the European Commission (EC) ranks Greece in the third group along with 10 other countries in terms of industrial competitiveness.
The decline in the Greek Consumer Price Index (CPI) slowed down for the third successive month to -0.3 percent in August from -0.7 percent in July, according to the Hellenic Statistical Authority (ELSTAT).