Economy
Recovery in car sales slows to 2.7 pct in August
Road motor vehicles going into circulation for the first time increased by 2.7 percent year-on-year (YoY) in August, after a rise of 10.3 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Rise of property prices continues with 4.6 pct increase in Q2
The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY) in the second quarter (Q2), from an upwards revised 3.5 pct in the first quarter (Q1), according to Bank of Greece (BoG) data released on Thursday.
Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
The Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.
Trade deficit widens by 28.9 pct in July due to higher oil prices
Greece’s trade deficit increased by 28.9 percent year-on-year (YoY) in July according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
Greece’s seasonally adjusted (SA) GDP rose by 3.4 percent quarter-on-quarter (QoQ) in the second (Q2) quarter of the year, from a slightly upwards revised 4.5 percent in the first quarter (Q1) of 2021, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
General govt balance deteriorates due to deficits of state and social security funds
Greece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin.
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
Greece’s debt manager successfully completed the fifth syndicated transaction of the year through a dual transaction of the re-opening of the existing 5-year bond due February 2026 and the 30-year that was maturing in January 2052.
Manufacturing PMI up to 59.3 pts amid ongoing concerns over supplier delays, input prices
Greece’s manufacturing PMI rose to 59.3 points in August, from 57.4 points in July, signalling the marked improvement in the Greek manufacturing sector, Markit data showed on Wednesday.
Eurobank profitability accelerates in second quarter, at 190 mln in H1
Eurobank posted a net income of 190 million euros in the first half (H1) of the year, compared to a loss of 1.17 billion euros in the same period last year.
Retail turnover rises by 11.7 pct and volume by 10.8 pct in June
Greece’s retail sales index rose by 11.7 percent in June following a revised increase of 14.8 percent in May, Hellenic Statistical Authority data showed on Tuesday.