Turnover Index in Accommodation and Food Services rose 1.2 percent in the third quarter 2013, decelerating from the 5.2 percent posted in the second quarter, according to Hellenic Statistical Authority (ELSTAT). The improvement - one again - confirms the strong tourism season in Greece this year.
The Greek general government (gg) cash deficit to October fell by 50.8 percent to 4.41 billion with the gg cash primary surplus landing at 1.38 billion from 2.53 billion last year, the Ministry of Finance (MoF) said on Tuesday.
Greek Manufacturing PMI rose to a 51-month high of 49.2 in November from 47.3 in October as output at Greek manufacturers rose for the first time since September 2009, according to Markit. At the same time, new orders stabilised, after having fallen in the previous month, while the decrease in employment decelerated.
Retail sales headed south for yet another month with the contraction rate decelerating to 6.4 percent in September from 8.9 percent in August, according to Hellenic Statistical Authority (ELSTAT). A broadly similar trend and drop of 5.4 percent was also evident in retail volumes.
The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, handed Antonis Samaras the Paris-based body’s Economic Survey for Greece on Wednesday. It contains staggering projections with regard to the country’s debt and gives the Greek prime minister and his cabinet much to think about.
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.
Greece’s trade deficit soared 27.4 percent to 1.63 billion euros in September, while the respective 9-month figure retreated 13.6 percent to 14.47 billion, according to the Hellenic Statistical Authority (ELSTAT).
The Finance Ministry tabled on Thursday the 2014 budget to Parliament without the final approval of the troika since discussions between the two sides on next year’s fiscal gap and other matters have not yet been concluded.
The September current account (C/A) balance showed a surplus for the fifth straight month at 964 million euros from 895 million last year, according to Bank of Greece (BoG).
The Turnover Index in Industry dropped 8 percent in September, while New Orders Index in Industry also fell by 0.9 percent, according to the Hellenic Statistical Authority (ELSTAT).