Economy
Retail sales drop by 0.2 pct YoY in July as fuel leads slide
Greece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after an increase of 7.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Building activity remains in contraction for June with 1.7 pct YoY drop
Building activity remained in contraction in June, with a moderate drop of 1.7 percent year-on-year (YoY), after a sharp drop of 19.6 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Industry boosts economic sentiment, consumer confidence at lowest in almost 2 yrs
Greece’s economic sentiment (ESI) bounced back in September, reaching 110.2 points, from 106.1 in the previous month, according to European Commission figures released on Friday.
Modest credit growth of 102 mln in Aug, led by lending to businesses
The credit expansion in the Greek private sector accelerated its pace further in August, rising by 6.9 percent year-on-year (YoY), from 6.4 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits resume growth in Aug, rising to 195.36 bln
The net private sector deposits in the Greek banking system resumed growth in August with a rise of 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece (BoG) figures released on Thursday.
Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
The budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
Travel balance drops to 3.76 bln in July as expenditure per trip eases by 9.1 pct YoY
Greece's travel balance recorded a surplus of 3.76 billion euros in July, compared to 2.86 billion euros in June, according to data released by the Bank of Greece (BoG) on Monday.
Credit rating reviews highlight pressure points in economy
The Greek government has been under pressure since the poor result in the European Parliament elections this summer.
Manufacturing and mining growth push industrial turnover up by 11.7 pct YoY in July
Greece’s industrial turnover picked up pace in July, rising by 11.7 percent year-on-year (YoY) from a 5.6 percent increase in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account hampered by goods deficit in July as travel balance drops YoY
Greece’s current account was in a 246.2 million surplus in July, from 270 million euros in June, Bank of Greece (BoG) data showed on Friday.