Macroeconomy
Turnover in tourism sector up 13.9 pct in Q3, positive for fifth consecutive quarter
The turnover index in accommodation and food services increased for the fifth straight quarter in the third quarter (Q3) of 2017, growing by 13.9 percent after a slight downward revision to 7.2 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Industrial production grows by 0.5 pct in October, slowest rate for 2017
Greece’s Industrial Production Index (IPI) increased by 0.5 percent in October after September’s figure was upwardly revised to 3.2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Building activity drops by 3 pct in September, permits increase above 1,000
Building permits declined by 3 percent in September, easing from the drop of 5.2 percent noted in August, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Trade deficit grows by 20.6 pct in October, driven by higher imports
Greece’s trade deficit rose by 20.6 percent in October after a decline of 3.8 percent in September, the Hellenic Statistical Authority (ELSTAT) data showed on Friday.
CPI rises again in November, at accelerating rate of 1.1 pct
Greece’s Consumer Price Index (CPI) rose by 1.1 percent in November, accelerating from the 0.7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Car sales rise by 16.1 pct in November
Road motor vehicles going into circulation for the first time rose by 16.1 percent in November from 34.4 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate continues decline to 20.5 pct in September
Greece’s seasonally adjusted (SA) unemployment rate fell to 20.5 percent in September after a slight upward revision of 20.7 percent in August, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 6.39 bln in October, arrears continue to decline
Greece’s general government (gg) primary cash surplus amounted to 6.39 billion in the first 10 months of 2017, up by 452 million compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg bulletin.
Banks meet NPE reduction targets in Q3, adjust targets for next two years
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third quarter (Q3) of 2017 according to the fifth quarterly report on operational targets for NPEs published by the Bank of Greece.
GDP growth slows in Q3 amid lower 2017 forecasts
Greece’s seasonally adjusted (SA) GDP grew by 0.3 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2017 after an upwards revised increase of 0.8 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.