The government’s plans to sell stakes in Greece’s water companies have now been completely shelved after the Hellenic Republic Asset Development Fund (HRADF) decided to freeze the privatisation of the state-run firm in Thessaloniki in the wake of a court ruling blocking the sale of the one in Athens.
Greece’s Manufacturing PMI fell by 1.6 points to 49.4 in June from 51.0 in May, according to Markit. This was the lowest reading since November with the headline figure falling back below the 50-point mark that separates growth from contraction.
The year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent in May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank of Greece (BoG).
The turnover of Greece’s retail trade index rose 3.9 percent year on year (YoY) in April from a revised -3.8 percent recorded in March, according to the Hellenic Statistical Agency (ELSTAT).
Greek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching 162.1 billion euros, according to the Bank of Greece (BoG).
The seasonally adjusted Wages Index rose 0.6 percent year on year (YoY) in the first quarter (Q1) of 2014, while it dropped 2.3 percent quarter on quarter (QoQ) over Q4 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s economic sentiment improved by another 4.6 points in June to reach 103.7, May, according to the European Commission (EC).
Greece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared to the 763 million recorded in April, according to data provided by the General Secretariat of Information Systems.
Greece’s trade deficit rose for the third straight month at an accelerating pace of 17.2 percent in April after increasing by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s budget execution showed a primary surplus of 707 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) on Tuesday.