Economy
Despite soft hiring in June, six-month balance breaks record on back of seasonal jobs
Greece’s employment balance was positive in June with 15,668 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Greece digests EU-US trade deal amid mixed reaction
The uncertainty around EU-US trade relations has been lifted after the announcement of a deal by the US President and the head of the European Commission following meetings held in Scotland.
Building activity continues to slide in Apr, 4M permits down 26 pct YoY
Building activity continued its slide in April with a drop of 17.3 percent year-on-year, after the collapse of 41.3 percent YoY seen in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
The budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared to a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
The credit expansion in the Greek private sector remained solid in June, rising by 10.2 percent year-on-year (YoY), from 11.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Jump in corporate deposits takes balance to highest since Jan 2011
The Greek banking system’s private sector deposits grew strongly in June, with a net increase of 5.1 billion euros, after a 1.22-billion-euro drop in May, according to the latest Bank of Greece (BoG) figures released on Friday.
Travel receipts maintain momentum in May with 17.7 pct YoY rise
Greece's travel balance recorded a surplus of 1.88 billion euros in May, compared to 778.6 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday.
Significantly improved oil balance pushes current account to 196.5 mln surplus in May
Greece’s current account recorded a surplus of 196.5 million euros in May, from a deficit of 2.11 billion euros in April, Bank of Greece (BoG) data released on Monday showed.
Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
Greece’s industrial turnover turned positive in May, with a rise of 2.6 percent year-on-year (YoY), from a 9.2 percent decrease in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
The budget primary balance produced a surplus of 4.67 billion euros up to June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.