Economy
Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
Road motor vehicles going into circulation for the first time fell by 49.1 percent in May, softening compared to a sharper drop of 80.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
CPI falls by 1.1 pct YoY in May
Greece’s Consumer Price Index (CPI) fell by 1.1 percent year-on-year (YoY) in May compared to a decline of 1.4 percent seen in April, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Greece issues new 10 yr bond as investor appetite returns
Greece completed its third market foray for the year by issuing a 10-year bond of 3 billion euros. The coupon was 1.5 pct and the yield settled at 1.57 pct, suggesting a re-offer price of 99.375. The spread was close to 188 basis points.
Turnover in tourism drops by 6.5 pct in Q1, reflecting hotel closure impact
The turnover index in accommodation and food services fell by 6.5 percent year-on-year (YoY) in the first quarter (Q1), slowing from an increase of 4.8 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Covid-19 lockdown, slump suppress electricity demand and edge out lignite
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Electricity consumption in Greece plummeted by -9.8 percent in April compared to the same month last year due to the emergency pandemic measures and economic slowdown.
General govt primary cash deficit of 1.85 bln in Apr as revenues decline
Greece’s general government (gg) primary cash deficit came to 1.85 billion euros in the first four months of the year compared to a surplus of 1.73 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
Greece’s Industrial Production Index (IPI) decreased by 9.9 percent year-on-year (YoY) in April following a slightly downward revised increase of 0.4 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Trade deficit falls by 30.3 pct in April as Covid-19 restrictions hit trade
Greece’s trade deficit fell by 30.3 percent year-on-year (YoY) in April compared to a drop of 7.9 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
ECB boost for Greek debt as authorities ponder new market foray
Greece was buoyed by the European Central Bank on Thursday, following its announcement that the emergency pandemic purchase programme (PEPP) will be extended beyond the end of 2020.
PPC and Motor Oil Hellas report losses for Q1
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), revealed that revenue rose by 7.1 percent during the first quarter (Q1) of 2020.