Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
International tourist arrivals soared by 18.7 percent to 20.11 million in 2013, while travel receipts increased by 16.4 percent to 12.15 billion euros, according to the Bank of Greece’s (BoG) final data.
The Consumer Price Index (CPI) eased 1.3 percent in April, unchanged from the previous month, according to the Hellenic Statistical Authority (ELSTAT).
The Greek Industrial Production Index (IPI) dropped 3.1 percent in March, from an upward revised 3.1 percent increase in February, according to the Hellenic Statistical Authority (ELSTAT).
Cars going into circulation for the first time showed a year on year (YoY) increase for the eighth straight month in April, rising by 9.1 percent according to Hellenic Statistical Agency (ELSTAT).
The seasonally adjusted jobless rate eased for a fifth successive month in February, edging down to 26.5 percent from a downwards revised 26.6 percent in January, according to the Hellenic Statistical Agency (ELSTAT).
Greece’s imports rose by 7 percent to 3.97 billion in March, a much faster pace than February’s increase of 2.3 percent, according to the flash estimates released by Hellenic Statistical Authority (ELSTAT) on Thursday.
The Greek general government (gg) primary cash surplus in the first quarter (Q1) of 2014 more than tripled to 2.5 billion from 770 million in the corresponding period last year, according the gg bulletin released by the Ministry of Finance on Tuesday.
In its latest Economic Outlook report published on Tuesday, the Organisation for Economic Cooperation and Development (OECD) still expects Greek GDP to contract 0.3 percent in 2014 and rebound 1.9 percent in 2015.
Greece is due to raise the subject of further debt relief at Monday’s Eurogroup but with the official sector poised to take a hit this time as opposed to the Private Sector Involvement (PSI) of early 2012.
In its latest quarterly report released on Friday, the Greek Parliamentary Budget Office (PBO) argues that despite significant achievements in 2014, the Greek economy still has a long way to go to overcome the obstacles in its path.