Macroeconomy
Primary cash surplus at 1.75 bln as expenditure rises in Sept
Greece’s central government primary cash balance came to a surplus of 1.75 billion euros in the first nine months of 2017, compared to a surplus of 4.05 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Thursday.
Revised GDP data shows recession for 2016, higher growth in 2014
According to the Hellenic Statistical Authority’s (ELSTAT) second estimate for the 2016 Annual National Accounts, Greece found itself in a marginal recession of 0.2 percent in real terms last year.
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
The budget primary balance recorded a surplus of 4.50 billion euros in the first nine months of 2017, increasing by 18.3 percent against last year’s figure, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
Eurosystem funding falls by 3.58 bln in September
Greek banks’ Eurosystem funding fell once more in September by another 3.58 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
Greece’s new tax debt rose to 1.07 billion euros in August, declining from July’s figure of 2 billion, the Independent Authority of Public Revenues’ (IAPR) data has revealed.
Building activity falls by 2.4 pct in July
Building permits declined by 2.4 percent in July compared to a rise of 9 percent in June, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Travel balance posts surplus of 3.15 bln in H1 2017
The balance of travel services came to a surplus of 3.15 billion euros for the first half (H1) of the year, Bank of Greece (BoG) figures showed.
Industrial production rises by 5.6 percent in August after revised July growth
Greece’s Industrial Production Index (IPI) increased by 5.6 percent in August following upwardly revised growth of 2.1 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
CPI rises for ninth straight month in Sept with 1 pct increase
Greece’s Consumer Price Index (CPI) rose by 1 percent in September, up slightly from the 0.9 percent increase noted in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Athens rushing to reduce arrears and secure 800 mln in bailout funds
The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism disbursement worth 800 million euros.