Macroeconomy
Retail turnover drops by 1.4 pct in August for sixth continuous decline, volume drops by 1 pct
Greece’s retail sales index decreased by 1.4 percent in August following a downward revised drop of 2.7 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment up to 92.3 in October, consumer confidence drops for fourth consecutive month
Greece’s economic sentiment (ESI) rose by 2.8 points month-on-month in October to reach 92.3 points, European Commission (EC) figures showed on Thursday.
Credit growth in September up by 2.4 pct as business lending picks up
Credit movement in the Greek private sector rose by 2.4 percent in September after an increase of 1.9 percent in August, Bank of Greece (BoG) figures showed on Tuesday.
Deposits rise by 1.16 bln in September
Net deposit movements in the Greek banking system were positive by 1.16 billion euros in September, up notably from inflows of 421 billion euros in August, Bank of Greece (BoG) figures revealed on Tuesday.
Budget primary shows deficit of 7.01 bln in September
The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF) budget execution bulletin for September confirmed on Monday.
Disposable income falls by 11.8 pct YoY in Q2, final consumption down by 12.7 pct
Greek household disposable income fell by 11.8 percent year-on-year (YoY) in the second quarter (Q2) of 2020, worsening from the decline of 0.4 percent noted in Q1 2020, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Travel balance falls by 65.9 pct in August as 10.5 bln in receipts vanish in aggregate
Greece’s travel balance came to 1.32 billion euros in August from 3.87 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 65.9 percent year-on-year (YoY).
Current account shows surplus of 79.7 mln in August
Greece’s current account (C/A) balance posted a surplus of 79.7 million euros in August compared to a deficit of 874.5 million euros in July, Bank of Greece (BoG) data showed on Wednesday.
Industrial turnover drops by 15.1 pct in August as manufacturing slows
Greece’s industrial turnover fell by 15.1 percent year-on-year (YoY) in August compared to a sharper drop of 16.2 percent in July, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.
Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
As part of the second estimate for the national accounts and the regular cycle of base year revision that takes place every five years, the Hellenic Statistical Authority revised 2019 GDP data and the annual series base year to 2015, from 2010.