Economy
Industrial turnover jumps 31.6 pct in Aug as strong recovery is boosted by business abroad
Greece’s industrial turnover continued its impressive recovery, jumping by 31.6 percent year-on-year (YoY) in August, following an increase of 25.1 percent in July, based on data from the Hellenic Statistical Authority released on Wednesday.
Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
Greece’s central government recorded a primary cash deficit of 11.96 billion euros up to September, according to figures released by the Bank of Greece on Monday.
Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
The budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Friday.
Hirings balance turns positive by almost 20,000 in Sept, boosted by seasonal factors
Greece’s employment balance in September turned positive as there were 19,727 more hirings than departures, from a negative balance of 9,875 in August, according to data from the Labour Ministry’s Ergani information system.
IMF maintains cautious view on public finances, sees debt declining slowly
Within the context of its Fiscal Monitor, the International Monetary Fund released its latest fiscal estimates for Greece, taking a traditionally more conservative view on the country’s public finances.
Unemployment falls below 14 pct for first time since Oct 2010
Greece’s seasonally adjusted (SA) unemployment rate dropped to 13.9 percent in August, from a downward revised 14 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
The International Monetary Fund, within the regular cycle of its World Economic Outlook (WEO) publication, was the latest international organisation to adopt a more optimistic view about Greece’s growth this year.
Building permit growth slows to 6.8 pct July, activity up by 31 pct in first seven months
The number of building permits issued in Greece decelerated further to an increase of 6.8 percent year-on-year (YoY), from 17.6 percent in June and 62.9 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Banks make steady progress on improving balance sheets via securitisations
Greece’s systemic banks are moving ahead with efforts to improve their balance sheets, aiming for single digit NPE ratios and profitability next year through securitisations assisted by the extension of the Hercules II APS.
Growth in car sales back up to 6.2 pct in Sept
Road motor vehicles going into circulation for the first time rose by 6.2 percent year-on-year in September, following an increase of 2.7 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.