Macroeconomy
General govt primary cash deficit of 1.85 bln in Apr as revenues decline
Greece’s general government (gg) primary cash deficit came to 1.85 billion euros in the first four months of the year compared to a surplus of 1.73 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
Greece’s Industrial Production Index (IPI) decreased by 9.9 percent year-on-year (YoY) in April following a slightly downward revised increase of 0.4 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Trade deficit falls by 30.3 pct in April as Covid-19 restrictions hit trade
Greece’s trade deficit fell by 30.3 percent year-on-year (YoY) in April compared to a drop of 7.9 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
Overall loan interest at 4.05 pct in April, hitting new series low
The overall weighted average interest rate on all new loans to households and non-financial corporations was almost unchanged month-on-month 4.05 percent in April from 4.06 percent in March, data from the Bank of Greece (BoG) showed on Friday.
Apartment prices rise by 6.9 pct in Q1
The rise in the nominal value of apartments in Greece came to 6.9 percent year-on-year (YoY) in the first quarter (Q1) of 2020 from a revised increase of 7.6 percent in Q4 2019, Bank of Greece (BoG) data showed on Thursday.
GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
Greece’s seasonally adjusted (SA) GDP fell by 1.6 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
PMI rises to 41.1 points in May but manufacturer pessimism persists
Greece’s manufacturing PMI increased to 41.1 points in May from 29.5 points in April, according to the latest data from Markit PMI.
Deposits rise by 1.43 bln in April
Net deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday.
Credit growth in April marks first two successive months of expansion since 2010
Credit movement in the Greek private sector increased by 0.3 percent in April, from a rise of 0.1 percent in March, Bank of Greece (BoG) figures showed on Friday.
Retail sales down by 1.5 pct in March for first fall in seven months
Greece’s retail sales index fell by 1.5 percent in March from a slower increase of 3.6 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.