Economy
Disposable income rises by 7 pct in Q2 as economy recovers, savings still positive
Household disposable income increased by 7 percent year-on-year in the second quarter (Q2), from 5.1 percent in the first quarter (Q1) of 2021, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln
The budget primary balance was confirmed at a deficit of 5.96 billion euros in the first nine months of 2021, compared with a deficit of 7 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
S&P holds off on new rating upgrade, ECB holds key to investment grade
Although the rating review by S&P scheduled for last Friday had created some anticipation that a further credit rating upgrade could be on the cards, the rating agency did not publish a review, closing the year with a ‘BB’ grade and positive outlook.
More lost ground made up in Aug as travel surplus nears 3 bln
Greece’s travel balance recorded a surplus of 2.97 billion euros in August, from 1.32 billion euros a year ago, when the tourism sector rounded off a rather tentative peak season due to the pandemic outbreak, according to Bank of Greece (BoG) data released on Friday.
Current account surplus at 1.41 bln in Aug on back of improving travel receipts
Greece posted a current account (C/A) surplus of 1.41 billion euros in August, from a surplus of 538.1 million euros in July, according to Bank of Greece (BoG) data released on Thursday.
Industrial turnover jumps 31.6 pct in Aug as strong recovery is boosted by business abroad
Greece’s industrial turnover continued its impressive recovery, jumping by 31.6 percent year-on-year (YoY) in August, following an increase of 25.1 percent in July, based on data from the Hellenic Statistical Authority released on Wednesday.
Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
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.
Hirings balance turns positive by almost 20,000 in Sept, boosted by seasonal factors
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.
IMF maintains cautious view on public finances, sees debt declining slowly
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.