Economy
PMI at 54.2 in Feb as new clients and overseas orders spur growth
Greece’s manufacturing PMI increased to 54.2 points in February from 53.7 points in January, staying over the 50-mark threshold for close to two years.
EC sets out improvements Athens should make to primary residence proposal
Among the areas of concern highlighted in the European Commission’s second post-programme surveillance report are the household insolvency law and debtor protection schemes, which are examined in the context of the overall financial system stability and the ongoing efforts to reduce the stock of Non-Performing Exposures (NPEs) from the systemic banks.
Retail turnover rises by 0.5 pct in Dec, with 2018 average increase at 2.1 pct
Greece’s retail sales index edged up by 0.5 percent in December following a downward revised increase of 3.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
EC report notes economic imbalances and outlines remedies
The European Commission’s country report on Greece for 2019 has highlighted a number of imbalances in the country’s economy and outlined ways in which these can be addressed.
Credit contraction at 1.1 pct in Jan, balance at 169.42 bln
Credit contraction in the Greek market came to 1.1 percent in January, unchanged from December, Bank of Greece (BoG) figures showed on Wednesday.
Brussels highlights lagging reforms ahead of decision on debt relief measures
The European Commission issued on Wednesday the second review in the content of enhanced post programme surveillance of Greece.
January deposit movement negative by 1.55 bln
Net deposit movement in the Greek banking system was negative in January with outflows of 1.55 billion compared to strong inflows of 3.15 billion in December, Bank of Greece (BoG) figures revealed on Wednesday.
Economic sentiment at 101.3 in Feb, retail trade improves while consumer confidence dips
Greece’s economic sentiment (ESI) rose by 1.7 points to 101.3 in February compared to a reading of 99.6 in January, European Commission (EC) figures revealed on Wednesday.
Budget primary balance confirmed at 729 mln in January
The budget primary balance was confirmed at a primary surplus of 729 million euros in the first month of 2019, beating the forecast by 832 million euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Tuesday.
Tourism institute shows international flight seat schedule to Greece down by 7 pct in 2019
A study by the Institute of the Greek Tourism Confederation (INSETE) has projected that international tourist arrivals could drop by up to 7 percent in 2019.