Economy
Trade deficit rises by 1.2 pct in November
Greece’s trade deficit edged up by 1.2 percent in November, after a double-digit drop of 16.1 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Industrial production growth slows to 2.3 pct in Nov
Greece’s Industrial Production Index (IPI) rose by 2.3 percent in November after an upward revised increase of 7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Provisions of out-of-court workout bill outlined ahead of submission to Parliament
In an interview with Ethnos daily on Saturday, Economy and Development Minister Dimitris Papadimitriou outlined the key highlights of the draft law on the out-of-court workout that is due to be tabled in the Parliament by the end of January.
Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
Greece’s economic sentiment (ESI) improved by 2.2 points to 94.6 in December after falling by 1.4 points in November, European Commission (EC) figures showed on Friday.
Greek stocks start 2017 with gains of 2.6 pct, banks continue outperforming
The Greek stock market began 2017 by gaining 2.6 percent in the first week of the year amid relatively light trading volumes.
December retail sales seen down 2.5 pct amid tax onrush
Sales in the Greek retail market fell by at least 2.5 percent in December compared to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).
Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
Greek households’ new time deposit rate declined for the third successive month in November, when t fell by 5 basis points (bps) to 0.71 percent from 0.76 percent in October, Bank of Greece (BoG) data showed on Wednesday.
General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
Greece’s general government (gg) primary cash surplus grew by 1.4 billion euros to 6.4 billion in the 11-month period of 2016 from 5 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Tuesday.
Greek banks conclude series of corporate actions as part of restructuring
Greek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
PMI rises to 49.3 in Dec but likelihood of growth remains slim
Greece’s Manufacturing PMI increased by 1 point in November, after dropping in the previous three months, the Markit survey revealed on Monday.