Macroeconomy
Primary cash balance posts deficit of 316 mln in first 5 months
The central government primary cash balance turned to a deficit of 316 million euros in the first five months of 2017 from a surplus of 2.66 billion last year, Bank of Greece data revealed on Friday.
Turnover in services sector improves slightly in Q1 2017
The majority of the turnover indices for the services sector recorded a slight improvement in Q1 2017, after dropping in the previous quarter, ELSTAT figures showed on Thursday.
Unemployment rate edges down to 23.3 pct in Q1
The non-seasonally-adjusted unemployment rate fell to 23.3 percent in Q1 of 2017 from 23.6 percent in the previous quarter, ELSTAT figures showed on Thursday.
Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
The budget primary balance recorded a surplus of 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Wednesday.
New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
Greece’s new tax debt rose at slightly higher pace of 754 million euros in April after increasing by 658 million in March, the Independent Authority of Public Revenues (IAPR) data revealed on Wednesday.
Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Building activity rises 24.7 pct in March
Building permits rose by 24.7 percent in March, recovering from a decline of 4.2 percent in the previous month, according to ELSTAT data released on Monday.
Car sales drop 2.5 pct in May for second successive month
Road motor vehicles (going into circulation for the first time) continued heading south for the second straight month in May but at a slower pace of 2.7 percent after a drop of 7.5 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Wages index improves 1 pct in Q1 but falls QoQ for second straight quarter
The seasonally adjusted (SA) Wages Index rebounded for the sixth successive quarter by 1 percent year on year (YoY) in the first quarter (Q1) of 2017 after edging up by 0.2 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures revealed on Friday.
Industrial production edges up 1 pct in April after double-digit growth in previous two months
Greece’s Industrial Production Index (IPI) edged up by 1 percent in April after upward revised growth of 10.1 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.