MacroPolis

Unemployment rate falls for second straight month, reaching 23.2 pct in July

06/10/2016 - 13:16

Greece’s seasonally adjusted (SA) unemployment rate dropped for the second successive month in July, when it fell to 23.2 percent from 23.4 percent in June, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.

General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln

05/10/2016 - 17:54

Greece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.

IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct

05/10/2016 - 16:57

Following the release of its World Economic Outlook (WEO) on Tuesday, including its updated macro forecasts on Greece, the International Monetary Fund published on Wednesday its Fiscal Monitor report outlining its fiscal estimates.

Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4

05/10/2016 - 09:28

The Greek Finance Ministry announced ahead of schedule on Tuesday afternoon the revenue evolution for September, which showed a notable outperformance against the targets.

IMF upgrades Greece’s GDP and unemployment rate estimates

04/10/2016 - 16:25

In its latest World Economic Outlook (WEO) published on Tuesday, the International Monetary Fund was upbeat in its estimates regarding Greece’s GDP and unemployment rate, upgrading its previous forecasts released on April 12.

Broadly stable rate in time deposits, corporate loan rates fall in Aug

04/10/2016 - 14:10

Greek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August from 0.86 percent in the previous two months, Bank of Greece (BoG) data displayed on Tuesday.

Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln

03/10/2016 - 16:50

The Finance Ministry (MoF) tabled in Parliament’s Economic Affairs Committee on Monday the 2017 draft budget, which contains its fiscal estimates and the interventions needed to achieve them, as well as the underlying macro assumptions.

PMI slips to contraction territory in September on lower production and new orders

03/10/2016 - 11:41

Greece’s Manufacturing PMI fell by 1.2 points to 49.2 in September from 50.4 in August, Markit survey displayed on Monday. This was the sixth sub-50 reading in the course of 2016.

Greek stocks drop 1.5 pct during week, banks post losses of 7.7 pct

30/09/2016 - 18:27

The Greek equity market edged down 1.5 percent this week, amid lack of investor interest, after a brief rebound of 2.6 percent last week.

EYDAP increases gross profits by 8.5 percent in H1

30/09/2016 - 16:41

The Athens Water Supply and Sewerage Company (EYDAP) has delivered an improved set of H1 results.