Macroeconomy
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.
Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
Greece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday.
April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
The budget primary balance recorded a deficit of 1.52 billion euros in the first four months of 2020, compared to a surplus of 1.46 billion noted a year earlier, the final Finance Ministry (MoF) budget execution bulletin for April showed on Monday.
Travel balance falls by 53.6 pct in March
Greece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 53.6 percent year-on-year (YoY).
Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
Greece’s current account (C/A) balance posted a deficit of 1.10 billion euros in March compared to a deficit of 1.14 billion in February, Bank of Greece (BoG) data showed on Thursday.
Industrial turnover drops by 9.3 pct in March
Greece’s industrial turnover fell by 9.3 percent year-on-year (YoY) in March compared to a drop of 2.4 percent in February, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
The Budget office of the Greek Parliament (PBO) issued its first quarterly report for 2020 in which the early signs of the pandemic started becoming visible, although the office notes that even the latest fiscal and macro data are far from capturing the impact of the pandemic.
Central government debt increases by 5.81 bln to 361.83 bln in Q1
Greece’s central government debt increased by 5.81 billion euros to 361.83 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020, from 356.01 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.