Economy
Trade deficit falls by 18 pct in November
Greece’s trade deficit fell by 18 percent year-on-year (YoY) in November compared to a drop of 30 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
Economic sentiment edges up to 91.5 in Dec while services, retail and construction fall
Greece’s economic sentiment (ESI) edged up slightly by 0.5 points month-on-month in December to reach 91.5 points, European Commission (EC) figures showed on Thursday.
Deposits rise by 3.16 bln in Nov on higher sight savings, aggregate triples YoY
Net deposit movements in the Greek banking system were positive by 3.16 billion in November, up from inflows of 2.53 billion euros in October, Bank of Greece (BoG) figures revealed on Tuesday.
Credit growth in November edges up to 2.6 pct, approaching 2010 high
Credit movement in the Greek private sector rose by 2.6 percent in November after an increase of 2.5 percent in October, Bank of Greece (BoG) figures showed on Tuesday.
PMI edges up to 46.9 points in December
Greece’s manufacturing PMI rose to 46.9 points in December from 42.3 points in November, according to the latest data from Markit.
Retail turnover rises by 4.4 pct and volume by 4.7 pct in October
Greece’s retail sales index increased by 4.4 percent in October following a revised drop of 4.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Survey illustrates extent of pandemic impact on firms amid recovery hopes
The fourth survey by the Hellenic Federation of Enterprises (SEV) on business expectations suggests that Greek firms have been seriously impacted by the Covid-19 crisis and, although, they would like more support, they are hopeful of recovering soon.
Banks end year with continued bad loan sales
At the end of a challenging year for the banking sector, Greece’s systemic banks have continued their activity to reduce bad loans with a few days of 2020 left.
Budget primary shows deficit of 13.75 bln in November
The budget primary balance recorded a deficit of 13.75 billion euros in the first eleven months of 2020, compared to a surplus of 6.95 billion noted in November 2019, the final Finance Ministry (MoF) budget execution bulletin for November showed on Monday.
PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
Greece’s Public Debt Management Agency (PDMA) has issued its debt strategy for 2021, in which it outlines the significant achievements on the debt front during a tumultuous 2020 and its plan for new debt issuances in the next year.