Macroeconomy
Primary cash balance records deficit of 434 mln in first six months
Greece’s central government primary cash balance turned to a deficit of 434 million euros in the first six months of 2017 from a surplus of 2.76 billion last year, Bank of Greece (BoG) data revealed on Wednesday.
New overdue tax obligations reach 717 mln in May, total at 95.2 bln
Greece’s new tax debt eased slightly to 717 million euros in May from 754 million in April, the Independent Authority of Public Revenues (IAPR) data revealed.
Credit standards and demand for corporate, household loans stay stable in Q2
Credit standards for both corporate and household loans stayed unchanged from the previous quarter in Q2 of 2017, in line with earlier expectations, the Bank of Greece (BoG) bank lending survey showed on Tuesday.
Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
The budget primary balance recorded a surplus of 1.94 billion euros in the six month period of 2017, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
Greek banks’ Eurosystem funding fell for the 24th successive month in June, when it dropped by another 2.67 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Building activity falls by 0.9 pct in April
Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed that Greek building permits declined by 0.9 percent in April, reversing the growth of 24.7 percent noted in March.
CPI up again in June with 1 pct increase
Greece’s Consumer Price Index (CPI) grew by 1 percent in June from 1.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Car sales rebound by 28.2 pct in June
Road motor vehicles (going into circulation for the first time) rose by 28.2 percent in June after falling by 2.7 percent in May, Authority (ELSTAT) data showed on Monday.
Industrial production grows 5.4 pct in May after marginal rise in April
Greece’s Industrial Production Index (IPI) increased by 5.4 percent in May following upwardly revised growth of 0.8 percent in May, ELSTAT data revealed on Monday.
Net job hirings reach 40,599 in six-month
The employment balance stayed positive in June 2017 with net hirings climbing by around 40,599 from 33,608 a year ago, data from the Labour Ministry’s Ergani information system revealed on Friday.