Economy
PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
Greece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday.
Greece agrees package of measures with IMF, eurozone to seal review
Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.
Stocks climb 6 pct during week, propelled by 16.6 pct surge by banks
Positive sentiment prevailed in Greek stock market this week, leading to strong gains of 6 percent as the return of the institutions returned to Athens and optimism about a successful conclusion to negotiations in the next few days grew.
Credit contraction slows to 1.3 pct in March on net additions of 307 mln
The rate of credit contraction in the Greek market slowed to 1.3 percent in March from 1.6 percent in February, Bank of Greece (BoG) figures showed on Friday.
Deposit flow turned positive in March, with inflows of 278 million
The Greek banking system posted deposit inflows of 278 million euros in March, following outflows of 750 million in the previous month, Bank of Greece (BoG) figures revealed on Monday.
Retail sales climb 10.9 pct in Feb on strong rebound in almost all sectors
The turnover of Greece’s retail trade index rose for the second straight month at a rate of 10.9 percent in February, after increasing by 1.4 percent in January, Hellenic Statistical Agency (ELSTAT) data showed on Friday.
Economic sentiment and consumer confidence improve in April
Greece’s economic sentiment (ESI) increased at an accelerating pace of 1.5 points in April after a rise of 0.5 points in March, European Commission (EC) figures showed on Thursday.
Disposable income rises slightly in Q4 for first time since Q3 2014
Greek household disposable income edged up 0.1 percent in the fourth quarter (Q4) of 2016 after falling by 1.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Athens and creditors get down to details in final stretch of review
The new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days.
These were the key drivers behind Greece's strong fiscal performance in 2016
The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.