The turnover of Greece’s retail trade index dropped for the fourth straight month in February, when it fell by 3.3 percent in February from an upward revised 1.8 percent decrease in January, according to the Hellenic Statistical Agency (ELSTAT).
Moody’s downgraded late on Wednesday Greece’s government bond rating by one notch to Caa2 from Caa1, concluding the review for downgrade that commenced on February 6. At the same time the outlook on the rating is negative.
The Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty.
Greek bank credit contracted by 2.5 percent in March - similar to the reduction in February - according to the Bank of Greece (BoG).
Greek private sector deposit outflows slowed to 2.19 billion in March from 7.63 billion in February, according to the Bank of Greece (BoG).
Greece’s economic sentiment (ESI) contracted by 4.1 points to 92.7 in April from 96.8 in March, according to the European Commission.
Greek household disposable income grew for the second straight quarter by 1.4 percent year on year in the fourth quarter (Q4) of 2014 after an upward revised 1 percent rise in Q3, according to the Hellenic Statistical Authority (ELSTAT).
The Greek Finance Ministry has announced that the government’s new negotiating decided at its first meeting on Monday to draft a multi-bill coding the measures included in the reform list sent by Finance Minister Yanis Varoufakis in late March.
As Greece and its lenders make a new push to conclude negotiations that could secure more bailout funding, it is certain that the country’s pension system will prove one of biggest obstacles to a deal.
Greece’s 3-month budget primary surplus was confirmed at 1.73 billion euros, up 12.4 percent, according to the Finance Ministry (MoF) final budget bulletin published on Friday. Preliminary figures had been released on April 16.