Economy
Economic sentiment stable in Nov, consumer confidence slides further
Greece’s economic sentiment (ESI) had a marginal drop of 0.4 points in November to 106.2, from a 1.4-point drop in the previous month, according to European Commission figures released on Monday.
Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
The credit expansion in the Greek private sector was stable in October, rising by 2.1 percent year-on-year (YoY), unchanged from September, Bank of Greece (BoG) figures released on Tuesday showed.
Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
The net private sector deposits in the Greek banking system contracted strongly in October, with a 2.14-billion-euro outflow, after an upward movement of 2.23 billion euros in September, based on the latest Bank of Greece (BoG) figures released on Tuesday.
Aug sees second annual drop in building activity with 4 pct decline
Building permits posted the second negative reading of the year in August, falling by 4 percent year-on-year (YoY), after a rise of 7.5 percent in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
The budget primary balance in October was confirmed at a surplus of over 6 billion euros, compared to a deficit of 350 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Despite slowdown, property prices jump by 11.9 pct YoY in Q3
The growth in the nominal value of apartments in Greece stayed strong in Q3 2023, increasing by 11.9 percent year-on-year (YoY) from an upwards revised 14.5 percent in Q2 2023, Bank of Greece (BoG) data released on Thursday showed.
Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
Greece’s travel balance recorded a surplus of 3.03 billion euros in September, from 4.11 billion euros in August, according to Bank of Greece (BoG) data released on Tuesday.
Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
The Finance Ministry submitted to Parliament the final budget for 2024, which sees growth picking up next year and a sizable primary surplus in line with the country’s fiscal commitments that support debt sustainability.
Industrial turnover contracts for six months on bounce in Sep with 5.1 pct drop
Greece’s industrial turnover remained in contraction in September, dropping by 5.1 percent year-on-year (YoY), from a 6.4 percent decrease in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln
Greece’s current account recorded a deficit of 404.3 million euros in September, from a surplus of 497.7 million euros in August, Bank of Greece (BoG) data showed on Monday.