Greek non-seasonally-adjusted GDP contracted 2.6 percent in the fourth quarter of 2013, further decelerating from the 3 percent drop posted in the third quarter, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Friday.
The drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
The seasonally adjusted jobless rate continued heading north, reaching 28 percent in November from a downwards revised 27.7 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT). The November rate now holds the new high.
Greek building activity (as measured by the number of building permits) soared 36.2 percent year-on-year (yoy) in November posting a positive growth for the second straight month, according to the Hellenic Statistical Authority (ELSTAT).
The Greek general government (gg) cash deficit narrowed by 48 percent to 7.05 billion in 2013 with the gg cash primary surplus dropping by 36.4 percent to 450 million from 707 million in 2012, according to the bulletin released by the Ministry of Finance (MoF) on Tuesday.
Greece’s budget execution showed a primary surplus of 811 million euros in January almost double compared to the 415 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
The Greek Industrial Production Index (IPI) had a small rebound of 0.5 percent in December following a downwards revised 5.4 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT).
The Wall Street Journal and El Pais published over the weekend a revealing record of the minutes from the International Monetary Fund’s board meeting in May 2010, which sealed the organizations participation in the first Greek bailout.
Greece’s Manufacturing PMI improved by 1.6 points for the third consecutive month in January reaching 51.2 points from 49.6 in December, according to Markit.
Retail sales turnover stayed flat year on year (yoy) in November following a 2.1 percent drop recorded in October, according to Hellenic Statistical Authority (ELSTAT). The headline figure posted a non-negative yoy reading for the first time since June 2010.