Economy
Industrial production down by 4 pct in May after three successive rises
After rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT).
Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
Τhe number of road motor vehicles (going into circulation for the first time) rose, albeit at a slower pace, by 21.7 percent in June from 27.9 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Greece submits proposals to lenders in hope of paving way for agreement
The Greek government sent to the institutions on Thursday evening its final proposal including prior actions that will complement the request for a new 3-year programme from the European Stability Mechanism (ESM).
Consumer prices drop further by 2.2 pct in June
The Greek consumer price index (CPI) fell by 2.2 percent in June after a drop by 2.1 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT). This indicates the seven straight negative reading above the 2-percent mark.
Unemployment rate slips to 25.6 pct in April, lowest since July 2012
Following an upward revision of Greece’s seasonally adjusted (SA) unemployment rate to 25.8 percent in March, the jobless rate eased to 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT). Along August 2012 reading, the April headline figure indicates the lowest reading since July 2012.
General gov't cash primary surplus to May halves, arrears keep rising
The general government (gg) primary cash surplus more than halved to 557 million in the 5-month period of 2015 from 1.16 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
Greece seeks 3-year programme that could exceed 65 bln
Greece officially requested on Wednesday a new 3-year programme from the European Stability Mechanism (ESM) and is expected to send to the institutions a detailed reform and measure agenda on Thursday.
Greece sends request for 3-year ESM programme, reform proposals to come
As agreed at Tuesday’s Eurogroup, the new Greek Finance Minister Euclid Tsakalotos sent a letter on Wednesday to the European Stability Mechanism (ESM) officially requesting a new 3-year programme.
Greek trade deficit plunges by 24.2 pct in May
After rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA limit remains at around 89 billion euros.