Macroeconomy
Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points
Greece’s economic sentiment (ESI) fell by 0.3 points to 101 in October compared to September, European Commission (EC) figures revealed on Tuesday.
Disposable income grows by 3.3 pct in Q2
Greek household disposable income grew by 3.3 percent year-on-year in the second quarter (Q2) of 2018, picking up from the increase of 2.1 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Deposit inflows come to 102 mln in September, slowing from recent months
Net deposit movement in the Greek banking system remained positive in September with inflows of 102 million euros, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction slows to 1.3 pct in Sept, balance at 176.83 bln
Credit contraction in the Greek market came to 1.3 percent in September compared to a contraction of 1.5 percent in August, Bank of Greece (BoG) figures showed on Thursday.
Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
The budget primary balance was confirmed a surplus of 4.80 billion euros in the first nine months of 2018, according to the final preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Wednesday
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
Greece’s travel balance rose by 1.4 percent in August, following a 15.9 percent rise in July, Bank of Greece (BoG) data revealed on Tuesday.
August current account shows surplus of 1.56 bln as deficit in primary income account grows
Greece’s current account (C/A) balance recorded a surplus of 1.56 billion euros in August, slightly lower than the figure of 1.58 billion euros in July, Bank of Greece (BoG) figures showed on Monday.
Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
In the context of the second Excessive Deficit Procedure (EDP) notification of 2018, Greece’s statistical Authority (ELSTAT) announced on Monday the fiscal data for the 2014 – 2017 period. The data has been produced based on the Regulation ESA 2010 for the System of National Accounts.
Pensions spending stable but early retirees burden system
The Labour Ministry's Computer Centre for Social Security Services (IDIKA) recently published a report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis.