Economy
Credit for corporates propels credit growth to 10 pct YoY in Nov
The credit expansion in the Greek private sector accelerated in November, rising by 10 percent year-on-year (YoY), from 9.1 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Corporations drive sharp rise for deposits in Nov, reaching 198.01 bln
The private sector deposits in the Greek banking system rose sharply in November with a net increase of 2.27 billion euros, after a 2.26-billion-euro contraction in October, according to the latest Bank of Greece (BoG) figures released on Thursday.
Fuels head 1.7 pct YoY drop in retail sales for Nov as volumes drop again
Greece’s retail sales resumed contraction in October with a drop of 0.6 percent year-on-year (YoY), after an increase of 1.7 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Energy drives 1.2 pct YoY drop in Nov producer prices as other categories increase strongly
Greece’s Producer Price Index (PPI) remained in contraction in November, although it moderated to 1.2 percent year-on-year (YoY), after a decline of 2.3 percent in October, ELSTAT data showed on Monday.
Final Nov budget data reaffirms solid finances as underspend boosts primary surplus
The budget primary balance was confirmed at a surplus of 12 billion euros in November, compared to a surplus of 5.83 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Despite marginal drop in Sep, building permits up by 17.1 pct over 9M
Building activity experienced a marginal decline in September, with a decrease of 0.9 percent year-on-year (YoY), after a rise of 10.5 percent in August, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Solid Oct for travel receipts takes 10M figure to new record of 20.94 bln
Greece's travel balance recorded a surplus of 1.94 billion euros in October, compared to 3.58 billion euros in September, according to data released by the Bank of Greece (BoG) on Tuesday.
BoG sees sustained growth and progress, but challenges require policy drive
The Bank of Greece published on Friday the latest interim monetary policy report where, as is common practice, the central bank notes the positive developments in the Greek economy while it highlights specific areas where policy will need to address weaknesses to Greece’s economic outlook.
Industrial turnover resumes growth in Oct with 0.9 pct YoY, manufacturing leads way
Greece’s industrial turnover went back to growth in October, rising by 0.9 percent year-on-year (YoY), from a 6.9 percent decrease in September, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit at 8 bln after 10M as goods deficit widens
Greece’s current account remained in deficit in October, widening to 383.2 million, from 316.5 million euros in September, Bank of Greece (BoG) data showed on Friday.