Macroeconomy
PMI up to 53.1 in Dec as business conditions improve at fastest pace in over a decade
Greece’s Manufacturing PMI increased by 0.9 points in December to 53.1, with the index remaining above the 50-mark threshold for the seventh consecutive month.
Deposit inflows of 272.9 mln recorded in November
The Greek banking system experienced positive inflows of 272.9 million euros in November, compared to inflows of 1.04 billion seen in October, Bank of Greece (BoG) figures revealed on Friday.
Credit contraction unchanged at 0.9 pct in November
Credit contraction in the Greek market remained stable at 0.9 percent in November, unchanged from October, Bank of Greece (BoG) figures showed on Friday.
Retail sales fall for second straight month in Oct, with 0.8 pct decline
Greece’s retail sales fell by 0.8 percent year-on-year in October, continuing their contraction after a fall of 0.7 percent in September, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday.
Budget primary surplus at 4.65 bln in 11-month on lower expenditure
The budget primary balance was confirmed at a surplus of 4.65 billion euros in the first 11 months of 2017, down by 19.3 percent against last year’s figure of 5.76 billion euros, the Finance Ministry (MoF) final budget execution bulletin showed on Wednesday.
Travel balance up by 18.2 pct in October on increased foreign arrivals
Greece’s travel receipts increased by 14.2 percent year-on-year in October, compared to a rise of 15.5 percent noted in September, Bank of Greece (BoG) data revealed on Friday.
Current account deficit at 624.1 mln in October as goods balance worsens
Greece’s current account (C/A) balance recorded a deficit of 624.1 million euros in October, worsening compared to the figure from the same time last year when there was a deficit of 267.9 million, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover grows by 11.1 pct in October, reversing decline of previous month
Greece’s industrial turnover grew by 11.1 percent in October after falling by 0.8 percent in September, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday.
Number of private sector employees rises in 2017 but wages fall
The annual data from the Labour Ministry’s information system (Ergani) detailed the figures on private sector companies and workers in 2017.
Primary cash surplus at 2.33 bln in Nov as expenditure rises, PIB deficit widens
Greece’s central government primary cash balance came to a surplus of 2.33 billion euros in the year-to-date up to November, compared to a surplus of 3.58 billion euros for the same time last year, BoG data revealed.