Economy
Economic sentiment drops by 3.1 pts in Dec, little change in consumer confidence over year
Greece’s economic sentiment (ESI) took a pause in December, dropping by 3.1 points to 110.3, from 113.4 in November, according to European Commission figures released on Friday.
Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
Piraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros.
PMI up to 59 pts in Dec as manufacturing nears year of growth despite supply chain challenges
Greece’s manufacturing PMI edged up slightly in December to 59 points, from 58.8 in November, according to Markit data released on Monday.
Retail sales rise by 13.1 pct in Oct, led by fuels and non-food sectors
Greece’s retail sales accelerated in October, rising by 13.1 percent, from a downward revised increase of 12.5 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
PDMA's debt strategy for 2022 includes green bond in 12 bln haul
Greece’s debt managers (PDMA) published last week the debt strategy for next year, which will include an inaugural green bond in the second half of 2022.
Credit growth edges up to 1.1 pct in Nov
Credit movement in the Greek private sector increased by 1.1 percent year-on-year (YoY) in November, from a rise of 0.9 percent in October and 0.8 percent in September, Bank of Greece (BoG) figures released on Wednesday showed.
Private sector deposits rise by 1.83 bln in Nov, led by corporations
The net private sector deposit movement in the Greek banking system jumped by 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Wednesday.
Nov budget data confirms tax revenue outperformance at 784 mln
The budget primary balance recorded a deficit of 7.88 billion euros up to November 2021, compared with a deficit of 13.75 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
Unemployment drops to 13 pct in Q3, lowest since 2010, as employed exceed 4 mln
Greece’s non-seasonally adjusted unemployment rate continued its decline to 13 percent in the third quarter (Q3) from 15.8 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Travel surplus of 1.27 bln in Oct as receipts reach 58 pct of 2019 levels in 10 months
Greece’s travel balance recorded a surplus of 1.27 billion euros in October, from 2.06 billion euros in September, according to Bank of Greece (BoG) data released on Wednesday.