Greece’s retail sales index jumped by 38.9 percent year-on-year (YoY) in April, following a revised drop of 2.9 percent in March, according to Hellenic Statistical Authority data released on Wednesday.
Greece’s economic sentiment (ESI) remained broadly stable in June at 108.7, following the sharp rise in May by 10.7 points to 108.6 points, according to European Commission figures released on Tuesday.
The Bank of Greece issued on Monday the Monetary Policy Report for 2020-2021, which was submitted to the Parliamentary Speaker and the Cabinet.
Greece’s non-seasonally adjusted unemployment rate came to 17.1 percent in the first quarter (Q1) of the year, increasing by 0.9 percentage points from the last quarter of 2020, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
The budget primary balance was confirmed at a deficit of 8.14 billion euros in the first five months of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for May showed on Monday.
Credit movement in the Greek private sector rose an annual 2.2 percent in May, compared with 2.4 percent in April, Bank of Greece (BoG) figures showed on Friday.
Net deposit movements in the Greek banking system continued to grind higher, increasing by 359 million euros in May, compared with inflows of 3.13 billion euros in April, Bank of Greece (BoG) figures revealed.
At the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed as being unlikely to pay.
The Finance Ministry submitted to Parliament the latest Medium-Term Fiscal Strategy (MTFS) for the 2022-2025 period, during which a strong economic and fiscal recovery is anticipated following the damage inflicted by the pandemic.
Greece’s travel balance came to a surplus of 9.6 million euros in April from 4.9 million a year ago, when Greece was in its first lockdown, Bank of Greece (BoG) data has shown. This is equal to an increase of 97.5 percent year-on-year (YoY).