Greece’s central government recorded a primary cash deficit of 11.96 billion euros up to September, according to figures released by the Bank of Greece on Monday.
Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
The budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Friday.
Greece’s employment balance in September turned positive as there were 19,727 more hirings than departures, from a negative balance of 9,875 in August, according to data from the Labour Ministry’s Ergani information system.
Within the context of its Fiscal Monitor, the International Monetary Fund released its latest fiscal estimates for Greece, taking a traditionally more conservative view on the country’s public finances.
Greece’s seasonally adjusted (SA) unemployment rate dropped to 13.9 percent in August, from a downward revised 14 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
The International Monetary Fund, within the regular cycle of its World Economic Outlook (WEO) publication, was the latest international organisation to adopt a more optimistic view about Greece’s growth this year.
The number of building permits issued in Greece decelerated further to an increase of 6.8 percent year-on-year (YoY), from 17.6 percent in June and 62.9 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Greece’s systemic banks are moving ahead with efforts to improve their balance sheets, aiming for single digit NPE ratios and profitability next year through securitisations assisted by the extension of the Hercules II APS.
Road motor vehicles going into circulation for the first time rose by 6.2 percent year-on-year in September, following an increase of 2.7 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Greece’s trade deficit increased by 43.3 percent year-on-year (YoY) in August, following a 28.9 percent increase in July according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.