S&P unexpectedly lowered on Wednesday Greece’s rating by one notch to ‘CCC’ from ‘CCC+’, where it had been placed on April 15. The outlook remains negative.
The Council of State (CoS), Greece's highest administrative court, has published a decision that orders the government to restore basic and supplementary pensions to their 2012 levels.
The rate of drop in the Greek consumer price index (CPI) was unchanged in May, when it remained at 2.1 percent for the second consecutive month, according to the Hellenic Statistical Authority (ELSTAT).
Τhe number of road motor vehicles (going into circulation for the first time) continued posting strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s Industrial Production Index (IPI) increased for the third straight month in April, albeit at a decelerating pace of 0.4 percent in April after an upward revised 5.3 percent growth in March, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s trade deficit increased for the second successive month in April, when it rose by 6 percent after a 6.9 percent rise in March, according to the Hellenic Statistical Authority (ELSTAT).
The Turnover Index in Accommodation and Food Services grew for the eighth successive quarter in Q1 2015, albeit at a slower pace of 6 percent from 22.2 percent in Q4 2014, according to Hellenic Statistical Authority (ELSTAT).
The Greek stock market showed little change until Thursday but plunged 5 percent on Friday, closing the week with losses of 4.8 percent in the aftermath of negotiations between Greece and its lenders, reversing the initial positive mood evident particularly during Tuesday’s session.
The general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million euros in the 4-month period of 2015 from 1.6 billion in the corresponding period last year, according the gg bulletin published by the Ministry of Finance (MoF) on Friday.
The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82 percent in April from 1.83 percent in March, according to the Bank of Greece (BoG).