Greece’s employment balance in August turned negative as there were 9,875 more departures than hirings, from a positive balance of 24,395 in July, according to data from the Labour Ministry’s Ergani information system.
The budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
Credit movement in the Greek private sector increased by an annual 0.8 percent in August, from 1.2 percent in July, Bank of Greece (BoG) figures showed on Monday.
The net private sector deposit movement in the Greek banking system continued to rise in August, increasing by 1.48 billion euros, from 1.84 billion euros in July, based on Bank of Greece (BoG) figures released on Monday.
Greece formally completed the eleventh post-programme review, which took place remotely in mid-July and was followed by regular consultations, with the report published on Wednesday by the European Commission.
The Parliamentary Budget Office (PBO) issued its latest quarterly report on Tuesday, noting the economic recovery but warning against complacency as the factors behind the solid GDP rebound in the second quarter are circumstantial and transitory.
The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
Greece’s travel balance came to a surplus of 2.14 billion euros in July, from 610.2 million a year ago, when the tourism sector made the first tentative steps after the pandemic outbreak, according to Bank of Greece (BoG) data released on Tuesday.
Greece’s seasonally adjusted (SA) Wages Index in the second quarter (Q2) rose by 2.5 percent year-on-year (YoY), slowing down from the 5.8 percent increase in Q1 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Greece posted a current account (C/A) surplus of 538.1 million euros in July, from a deficit of 1.34 billion euros in June, Bank of Greece (BoG) data showed on Monday.