Economy
Wages index improves 0.9 pct in Q3, declines 0.7 percent YoY
The seasonally adjusted (SA) Wages Index recorded its first negative reading after seven months when it fell by 0.7 percent year-on-year in Q3 2017, after edging up by 0.5 percent in the previous quarter, ELSTAT figures revealed on Wednesday.
Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
Greek banks’ Eurosystem funding fell by an additional 4.46 billion euros in November, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
Net job hirings balance for November turns negative by 39,221
The employment balance was negative in November for a second straight month as hirings fell short of departures by 39,221, data from the Labour Ministry’s Ergani information system revealed on Tuesday.
Further measures to protect and strengthen financial stability foreseen in sMoU
One of the pillars in the reform agenda that shaped Greece’s agreement with its lenders in the context of the third programme review is safeguarding of financial stability, which is also addressed in the supplemental Memorandum of Understanding (sMoU).
New overdue tax obligations up by 1.18 bln in October, total at 99.75 bln
Greece’s new tax debt rose by 1.18 billion euros in October, picking up pace from September’s rise of 706 million, the Independent Authority of Public Revenues’ (IAPR) data has revealed.
Turnover in tourism sector up 13.9 pct in Q3, positive for fifth consecutive quarter
The turnover index in accommodation and food services increased for the fifth straight quarter in the third quarter (Q3) of 2017, growing by 13.9 percent after a slight downward revision to 7.2 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Industrial production grows by 0.5 pct in October, slowest rate for 2017
Greece’s Industrial Production Index (IPI) increased by 0.5 percent in October after September’s figure was upwardly revised to 3.2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Building activity drops by 3 pct in September, permits increase above 1,000
Building permits declined by 3 percent in September, easing from the drop of 5.2 percent noted in August, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
The supplemental Memorandum of Understanding (sMoU) that was the product of the Staff Level Agreement (SLA) between the Greek authorities and the institutions outlines the understanding and obligations on the fiscal sustainability front, which range from improving public financial management to strengthening the institutions and processes that will deliver on the fiscal commitments.
Trade deficit grows by 20.6 pct in October, driven by higher imports
Greece’s trade deficit rose by 20.6 percent in October after a decline of 3.8 percent in September, the Hellenic Statistical Authority (ELSTAT) data showed on Friday.