Economy
Energy drives producer prices down by 4.5 pct YoY in Sep, as all other categories rise
Greece’s Producer Price Index (PPI) remained in contraction in September, dropping by 4.5 percent year-on-year (YoY), after a decline of 2.4 percent in August, ELSTAT data showed on Wednesday.
Economic sentiment drops in Oct, spurred by retail and construction
Greece’s economic sentiment (ESI) deteriorated in October, falling to 107 points, from 110.2 in the previous month, according to European Commission figures released on Wednesday.
IMF forecasts add to concerns about sluggish growth ahead
Greece’s economic outlook received another dose of reality this week as the IMF published the latest economic outlook in its World Economic Outlook (WEO) in the context of the annual joint meetings with the World Bank.
Corporate loans lead 6.6 pct YoY growth in lending
The credit expansion in the Greek private sector decelerated its pace in September, rising by 6.6 percent year-on-year (YoY), from 6.9 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Boosted by corporations, Sep deposits reach highest since Apr 2011
The net private sector deposits in the Greek banking system remained in growth in September with a rise of 2.32 billion euros, after a 1.4-billion-euro rise in August, according to the latest Bank of Greece (BoG) figures released on Friday.
VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
The budget primary balance was confirmed at a surplus of 8.74 billion euros in September, compared to a surplus of 5.3 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Building activity returns to growth with 15.2 pct YoY rise in Jul
Building activity returned to growth in July, with a rise of 15.2 percent year-on-year (YoY), after a sharp drop of 1.7 percent in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Latest IMF forecasts see solid fiscal performance, poor growth beyond RRF
During the annual IMF and World Bank meetings in Washington, the Fund published its latest economic and fiscal estimates in the World Economic Outlook (WEO) and Fiscal Monitor (FM) publications.
Despite rising arrivals, reduced spending per trip leads to 1.7 pct drop in Aug travel receipts
Greece's travel balance recorded a surplus of 4.02 billion euros in August, compared to 3.76 billion euros in July, according to data released by the Bank of Greece (BoG) on Tuesday.
Current account surplus at 651.3 mln in Aug, travel receipts drop again YoY
Greece’s current account was in a 651.3-million-euro surplus in August, from 246.2 million euros in July, Bank of Greece (BoG) data showed on Monday.