Economy
September revenues drive 9-month Greek primary surplus up to 2.53 bln
Greece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month period from 1.95 billion in the 8-month, according to the preliminary data released by the Ministry of Finance (MoF).
Greek economic contraction during crisis higher at 24.6 pct, revised data shows
The Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than the previous ESA 1995 before, which produced a deeper recession over the past few years.
Bigger drop for Greek industrial production, which fell by 5.7 pct in August
The Greek Industrial Production Index (IPI) remained on a downward trend for the sixth straight month in August but fell at an accelerating pace falling of 5.7 percent, after a revised -1.1 percent drop in July, according to the Hellenic Statistical Authority (ELSTAT).
Greek building activity drops by another 8 pct in July
Τhe number of building permits issued in Greece continued heading south for the second successive month in July, dropping by 8 percent according to the Hellenic Statistical Authority (ELSTAT).
Tourism helps bring Greek unemployment down to 26.4 pct in July
The seasonally adjusted jobless rate dropped to 26.4 percent in July from a downward revised 26.7 percent in June, according to the Hellenic Statistical Agency (ELSTAT).
Increase in car sales accelerates to 44.3 pct in September
Following a slowdown in the previous two months, the rate of growth in the number of road motor vehicles (going into circulation for the first time) accelerated to 44.3 percent in September, more than double from the August reading, according to the Hellenic Statistical Authority (ELSTAT).
Deflation rises again in Greece: CPI down by 0.8 pct in September
Deflation in Greece resumed an upward trend in September with the Consumer Price Index (CPI) easing by 0.8 percent from 0.3 percent in August, according to the Hellenic Statistical Authority (ELSTAT).
IMF lowers medium-term forecasts for Greek debt, 2014 financing needs
The International Monetary Fund has provided updated forecasts on the key Greek macro and fiscal figures in its latest World Economic Outlook (WEO) and Fiscal Monitor (FM) reports.
Greek exports down 5.9 pct in August, imports also fall 16.4 pct
Greece’s exports continued heading south for the second successive month in August, dropping by 5.9 percent, according to the flash estimates of commercial transactions released by Hellenic Statistical Authority (ELSTAT) on Wednesday.
SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008
The annual report on European Small and Medium-sized Enterprises (SMEs) released by the European Commission (EC) this week showed that SME employment in Greece fell by 27 percent since 2008, which corresponds to 630,000 fewer jobs.