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Business loans and consumer credit drive 6% YoY expansion in September
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Corporations raise private sector deposits to highest level since March 2010
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Building activity contracts by 8.3% YoY in July
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VAT continues to drive budget performance in Sep, at 1.4 bln euros above target
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Greece heads for another record tourism season after strong August receipts
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Energy and capital goods drive 17.8% YoY rise in industrial turnover for Aug
Greek deposits slip in October as credit also contracts by 3.9 pct
Greek private sector deposits decreased by 0.6 percent month on month (mom) in October, with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative for the fifth consecutive month, with outflows slightly slipping at 630 million in October from 719 million in September.
The monthly flow reflects sight and savings net deductions at 439 million and 282 million respectively more than offsetting the marginal time inflows of 85 million. The year to date flow turned slightly negative at 510 million savings and sight outflows...
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