Economy
Unemployment rate almost unchanged at 10.6 pct in May
Greece’s seasonally adjusted (SA) unemployment rate stayed virtually unchanged in May, landing at 10.6 percent, from 10.7 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Manufacturing continues to improve, but June PMI weakest of year
Greece’s Manufacturing PMI continued to moderate in June, dropping to 54 points, from 54.9 points in May, according to S&P Global data released on Monday.
Producer prices down by 1.4 pct YoY in May, headed by energy
Greece’s Producer Price Index (PPI) remained in contraction in May, dropping by 1.4 percent year-on-year (YoY), after falling by 1 percent in April, ELSTAT data showed on Friday.
Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
Greece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Corporations lead way as deposits rise by 303 mln in May
The net private sector deposits in the Greek banking system slowed in May with a rise of 303 million euros, after a 384-million-euro rise in April, based on the latest Bank of Greece (BoG) figures released on Thursday.
Credit expansion reaches just 66 mln of inflows in May
The credit expansion in the Greek private sector was little changed in May, rising by 4.8 percent year-on-year (YoY), from 4.5 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
The strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Sentiment drops marginally in June, consumer confidence improves slightly
Greece’s economic sentiment (ESI) moderated slightly in June, reaching 110.6 points, from 111 points in the previous month, according to European Commission figures released on Thursday.
BoG sees sustained growth, argues challenges require wide-ranging policy interventions
The Bank of Greece (BoG) published on Wednesday its latest monetary policy report in which the central bank highlights the sustained growth of the Greek economy, outlines the challenges and makes a wide range of policy recommendations.
VAT and income tax takings plus 721 mln underspend lead to 3.2 bln primary surplus in May
The budget primary balance was confirmed at a surplus of 3.2 billion euros in May, compared to a surplus of 2.3 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.