The rate of increase in Greece’s unpaid taxes significantly accelerated to 1.42 billion in August from around 1 billion in the preceding two months, according to data provided by the General Secretariat of Information Systems today.
The Turnover Index in Industry advanced for the second straight month in July, rising by 0.4 percent following an upward revised 11 percent increase in June, according to the Hellenic Statistical Authority (ELSTAT).
The non-seasonally-adjusted unemployment rate posted a drop both year on year (YoY) and quarter on quarter (QoQ) to 26.6 percent in Q2 2014 from 27.8 percent in the previous quarter and 27.3 percent in Q2 2013, according to the Hellenic Statistical Authority (ELSTAT).
Responding to SYRIZA’s economic programme, which presented by its leader Alexis Tsipras in Thessaloniki on September 13, the Finance Ministry (MoF) published a 12-page press release providing its own calculations on the estimated cost of SYRIZA measures.
The evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Hellenic Statistical Authority (ELSTAT).
In his speech at the International Trade Fair in Thessaloniki on Saturday, the leader of the main opposition party (SYRIZA) Alexis Tsipras reiterated his pledges on debt haircut and other measures to ease debt servicing.
Greece’s central government primary cash balance turned to a surplus of 2.32 billion in the 8-month period from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation of 5.53 billion year on year.
Standard and Poor’s (S&P) upgraded today Greece’s long-term rating by one notch to ‘B’ from ‘B-‘ with a stable outlook and reflects its view that risks to fiscal consolidation have abated.
Greece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month period from 2.28 billion in the 7-month, according to the preliminary data released by the Ministry of Finance (MoF).
After a short-lived rise of 1.2 percent in May, the number of building permits issued in Greece fell by 10.7 percent in June, according to the Hellenic Statistical Authority (ELSTAT).