Greece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five times higher than the 487 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday.
The Greek general government (gg) cash surplus in January widened by 32.5 percent to 2 billion euros from 1.51 billion last year, according to the gg bulletin released by the Ministry of Finance on Tuesday.
The drop in Greece’s Consumer Price Index (CPI) slowed further in February to 1.1 percent from 1.5 percent in January, according to the Hellenic Statistical Authority (ELSTAT).
Following a brief rise in December, Greek banks’ Eurosystem funding resumed its downward trend in January easing by 2.18 billion euros, according to the Bank of Greece (BoG) monthly financial statement.
The Bank of Greece (BoG) released on Thursday the much anticipated report on Greek banks’ capital needs resulting from a follow-up stress test including the outcome of the new Blackrock loan diagnostic.
The seasonally adjusted jobless rate slightly eased to 27.5 percent in December from a downwards revised 27.6 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT). The September rate of 27.8 percent now holds the new high.
Greece’s Manufacturing PMI improved by 0.1 points for the fourth straight month in February reaching 51.3 points from 51.2 in January, according to Markit.
Greece’s retail trade index fell by 6.7 percent in December in terms of turnover and was down by 6.1 percent as far as volume is concerned, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday.
Greek private sector deposits fell 1.4 percent month on month (mom) in January with balances reaching 161.03 billion euros, according to the Bank of Greece (BoG).
The year on year (yoy) credit contraction in the Greek market marginally accelerated for the second straight month to 4 percent in January from 3.9 percent in December, with balances reaching 217.61 billion euros, according to the Bank of Greece (BoG).