The Turnover Index in Industry fell 11.7 percent in November, while New Orders Index in Industry dropped by 8.9 percent, according to the Hellenic Statistical Authority (ELSTAT).
Greek building activity (as measured by the number of building permits) rose by 4.1 percent year-on-year (yoy) in October for the first time since February 2012, according to the Hellenic Statistical Authority (ELSTAT). The respective surface area number recorded a modest 1 percent increase, while volume also rose 5.7 percent.
Greece’s 2013 budget execution showed a primary surplus of 691 million euros (0.4 percent of GDP) from a deficit of 3.46 billion last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday.
The drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after peaking with a 2.9 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT).
In an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital ratios effective in the fourth quarter of 2013.
Greece officially assumed the presidency of the European Union on Wednesday, with the highest unemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September.
The drop in the Industrial Production Index (IPI) accelerated in November to 6.1 percent following a downwards revised 4.7 percent decline in October, according to the Hellenic Statistical Authority (ELSTAT).
The Greek general government (gg) cash deficit to November fell by 54 percent to 4.43 billion with the gg cash primary surplus dropping by 14.3 percent to 1.99 billion from 2.31 billion last year, according to the bulletin released by the Ministry of Finance (MoF) on Tuesday.
Greek private sector deposits increased by 0.4 percent month on month (mom) in November, for the first time since May, with balances reaching 161.04 billion euros, according to the Bank of Greece (BoG). Net inflows stood at 394 million in November from outflows of 630 million in October.
Greek Manufacturing PMI advanced for second straight month in December, reaching its highest level in more than four years as it reached 49.6 points from 49.2 in November, according to Markit.