Economy
Employment balance negative by 30,559 in November
The employment balance remained negative in November with 30,559 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.
General govt primary cash surplus at 7.50 bln in October, arrears fall by 54 mln
Greece’s general government (gg) primary cash surplus came to 7.50 billion euros in the first ten months of the year, up by 773 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
BoG urges banks to improve quality of capital, re-doubles SPV efforts
In its latest financial stability report published on Thursday, the Bank of Greece (BoG) took stock of the various positive developments and encouraging signs for the economy and banking sector, while highlighting the challenges for systemic local banks, emanating from the quality of the loan portfolio and the composition of the capital structure that largely constitutes of deferred tax credits (DTC).
Trade deficit drops by 5.4 pct in October as both imports and exports fall
Greece’s trade deficit fell by 5.4 percent year-on-year (YoY) in October compared to a fall of 2.3 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
Greece’s seasonally adjusted (SA) GDP increased by 0.6 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
Eurogroup approves SMP and ANFA profit release, decision on investment use postponed
The Greek authorities left yesterday’s Eurogroup having secured the release of the profits that eurozone central banks made as part of the SMP and ANFA programmes.
Overall loan interest drops to 4.32 pct in October
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.32 percent in October, down by 27 basis points (bps) from the rate of 4.59 noted in September, data from the Bank of Greece (BoG) showed on Wednesday.
OECD report shows poor quality of services and low trust in govt
The OECD Government at a Glance report for 2019 has shown the shortcomings in providing services to Greeks in areas such as health, justice, education and perceptions of trust for the government.
Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
Wednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion of the fourth enhanced surveillance review and the next round of debt relief measures, but will not include a discussion on how Greece can use the bond profits it will receive.
PMI at 54.1 points in November as foreign orders rise
Greece’s manufacturing PMI rose to 54.1 points in November, up from 53.5 points in October, according to the latest data from Markit.