Economy
Greek manufacturing PMI virtually unchanged in Feb as uncertainty bites
Greece’s Manufacturing PMI rose by just 0.1 points in February to 48.4 from 48.3 in January, according to Markit.
Greek retail trade turnover index declined by 3.7 pct in December
The turnover of Greece’s retail trade index dropped for the second straight month in December, at an accelerating pace of 3.7 percent from a revised 1.4 percent decline in November, according to the Hellenic Statistical Agency (ELSTAT).
Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
The Greek seasonally adjusted (SA) GDP figures at constant prices fell by 0.4 percent quarter on quarter (QoQ) in Q4 after an increase by up to 0.7 percent in the preceding three quarters, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) today.
Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
Greek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG).
Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
Greek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG).
Sharp rise for Greek consumer confidence in Feb, economic sentiment also up
After falling in the preceding two months, Greece’s economic sentiment (ESI) rebounded by 2.9 points to 98.2 in February from 95.3 in January, according to the European Commission (EC).
Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Greece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year.
The numbers behind Greece's reform proposals
The reform list sent by Greece to its lenders was approved as a “valid starting point” for the review process despite not containing any numbers. We attempt here to provide a framework for some of the key economic aspects of the document.
Relief at Greek extension approval evident in Athens bourse, bond yields
The Athens Stock Exchange rebounded strongly on Tuesday after the Greek government sent its reform list to the Eurogroup, which later approved the extension of the country's loan agreement.
Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
Greece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG).