MacroPolis

Q3 unemployment in Greece still at 27 pct despite strong tourism season

19/12/2013 - 13:56

The non-seasonally-adjusted unemployment rate eased for the second straight quarter in Q3, falling to 27 percent from 27.1 percent in Q2 and 27.4 percent in Q1, according to data released by the Hellenic Statistical Authority (ELSTAT).

Bank of Greece sees 0.5pct growth in 2014 but warns of political risks

17/12/2013 - 16:31

Greece is expected to post a general government primary surplus as well as a current account surplus of 1 percent of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report on Monetary Policy published on Tuesday.

Cash deficit to November rises to 9.9 bln as Greece pays off arrears

16/12/2013 - 16:42

The central government net balance to November on a cash basis showed the deficit widening by 30 percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG).

Banks' reliance on Eurosystem funding eases for seventh straight month in Nov

13/12/2013 - 10:36

Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally eased by 0.33 billion euros in November, according to the BoG’s monthly financial statement.

Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

12/12/2013 - 17:16

Greece’s budget execution to November showed a primary surplus of 1.21 billion euros from a deficit of 1.42 billion last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.

Unemployment rate inched up again in Sept to 27.4 pct

11/12/2013 - 13:04

The seasonally adjusted unemployment rate in September rose marginally to 27.4 percent, from 27.3 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT). The September rate is now just under the historic high of 27.5 percent in May this year.

Fall in industrial production speeds up in October with 5.2 pct drop

10/12/2013 - 15:14

The Industrial Production Index (IPI) took on a faster downward trend in October with a drop of 5.2 percent following a 1.3 percent decline recorded in September, according to the Hellenic Statistical Authority (ELSTAT).

Building activity in Greece fell by nearly 40 pct in year to September

10/12/2013 - 13:22

Greek building activity (as measured by the number of building permits) dropped by 14.4 percent in September with the respective surface figure easing 25.9 percent, while volume retreated 36.6 percent, according to the Hellenic Statistical Authority (ELSTAT).

Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013

09/12/2013 - 15:01

Greek non-seasonally-adjusted GDP contracted 3 percent in the third quarter of 2013, confirming flash estimates released on November 14, according to provisional data published by the Hellenic Statistical Authority (ELSTAT) on Monday.

Tourism turnover index slows but signs remain positive

06/12/2013 - 12:33

Turnover Index in Accommodation and Food Services rose 1.2 percent in the third quarter 2013, decelerating from the 5.2 percent posted in the second quarter, according to Hellenic Statistical Authority (ELSTAT). The improvement - one again - confirms the strong tourism season in Greece this year.