Economy
New data highlights pandemic impact on enterprises as turnover falls sharply
The Hellenic Statistical Authority (ELSTAT) has released a set of data showing the impact of the coronavirus pandemic on businesses in Greece.
Primary cash deficit at 8.10 bln in July
Greece’s central government primary cash balance recorded a deficit of 8.10 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG).
Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
The budget primary balance widened substantially in July to 8.2 billion euros, from a deficit of 6.10 billion euros in the first six months of 2020, preliminary Finance Ministry (MoF) budget execution data showed on Wednesday.
Construction slides again in May with fall of 8.7 pct YoY in building permits
Building permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Decline in car sales continues with 14 pct YoY fall during July
Road motor vehicles going into circulation for the first time dropped by 14 percent year-on-year in July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
The employment balance was positive by 67,911 more hirings than firings in July, according to data released on Friday by the Labour Ministry’s Ergani information system.
Trade deficit falls by 10.3 pct in June
Greece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
CPI falls by 1.8 pct YoY in July
Greece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in July compared to a decline of 1.6 percent seen in June, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Industrial production down by 4.9 pct YoY in May but picks up from previous month
Greece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
NBG results show net profits of 465 mln euros on strong income
National Bank of Greece (NBG) reported a strong net profit of 465 million euros from continued operations in the fιrst half (H1) of 2020, compared to 245 million euros in H1 2019.