Economy
Car sales jump by 21 pct in Dec as 2019 closes with 12.8 pct rise
Road motor vehicles going into circulation for the first time jumped by 21 percent year-on-year (YoY) in December, following a solid rise of 12.5 percent in November, according to data released by Hellenic Statistical Authority (ELSTAT) released on Tuesday.
Dec CPI up by 0.8 pct yoy as 2019 rise comes in at 0.3 pct
Greece’s Consumer Price Index (CPI) increased by 0.8 percent year-on-year in December, following a rise of 0.2 percent in November, marking two positive readings after three negative months, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
Alpha Bank announced that it has started the process to execute one of the largest bad loan securitisations by a Greek bank.
Employment balance negative by 3,666 in December
The employment balance remained negative in December with 3666 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.
Trade deficit rises by 7 pct in November
Greece’s trade deficit rose by 7 percent year-on-year (YoY) in November compared to a fall of 5.4 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed.
Industrial production drops sharply by 8.1 pct in Nov
Greece’s Industrial Production Index (IPI) dropped by 8.1 percent year-on-year (YoY) in November, following a revised upwards rise of 0.1 percent versus a 0.3 percent drop in October, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Unemployment edges down to 16.6 pct in October
Greece’s seasonally adjusted (SA) unemployment rate came to 16.6 percent in October from 16.8 percent in September, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
Greece’s general government (gg) primary cash surplus came to 8.84 billion euros in the first eleven months of the year, up by 1.18 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Economic sentiment rises to 109.5 in Dec, hitting 12-year high
Greece’s economic sentiment (ESI) rose by 2.5 points in December to reach 109.5 points, European Commission (EC) figures showed on Wednesday.
Overall loan interest rate edges up to 4.34 pct in Nov
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted in October, data from the Bank of Greece (BoG) showed on Tuesday.