Macroeconomy
Credit contraction falls to 0.1 pct in April, balance at 161.82 bln
Credit contraction in the Greek market edged down to 0.1 percent in April from 0.6 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
Deposits up by 1.54 bln in April, rising for second consecutive month
Net deposit movement in the Greek banking system turned positive by 1.54 billion in April after inflows of 1.22 billion euros in March, Bank of Greece (BoG) figures revealed.
Economic sentiment shows slight rise to 100.8 in May
Greece’s economic sentiment (ESI) edged up by +0.3 points in May to 100.8 points, European Commission (EC) figures revealed on Tuesday.
Budget primary surplus confirmed at 1.46 bln in April, above target by 2.31 bln on higher revenues
The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) final budget execution bulletin confirmed on Monday.
Travel balance at 94.8 mln in Mar and 211.9 mln in three-month period
Greece’s travel balance edged down by 94.8 million in March from 95.1 million a year ago, Bank of Greece (BoG) data has shown.
April hirings balance positive by 110,895, aggregate balance highest on record
The employment balance was positive in April with 110,895 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
OECD lowers growth forecast, warns Athens to maintain fiscal credibility
The OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years.
New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
The month-on-month rise in Greece's new tax debt came to 489 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.
Current account deficit widens in March due to deteriorating goods trade balance
Greece’s current account (C/A) deficit accelerated to 1.5 billion euros in March, from 990.4 million in February, Bank of Greece (BoG) figures showed on Tuesday.
Central govt debt falls for first time in six quarters, easing by 1.25 bln to 357.69 bln in Q1
Greece’s central government debt fell by 1.25 billion euros to 357.69 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2019, from 358.95 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Monday.