Economy
Industrial production rises again in May, by 1.8 pct, after two months of decline
The Greek Industrial Production Index (IPI) rose 1.8 percent in May, following a drop of 2.1 – 2.3 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT).
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Greece prepares for a 3-year benchmark bond issue
The Greek Finance Ministry confirmed on Wednesday that it has mandated international banks for a forthcoming 3-year benchmark bond issue under English law. According to the announcement, the transaction is expected to be launched and priced in the near future subject to market conditions.
Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
The number of road motor vehicles (going into circulation for the first time) continued showing strong growth of 46.3 percent in June, after increasing by 48.7 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
The Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.
Exports continued their decline, down by 8.3 pct in May
Greece’s exports continued heading south for the second successive month, falling by 8.3 percent in May, following a steeper drop of 20.8 percent posted in April, according to the flash estimates released by Hellenic Statistical Authority (ELSTAT) today.
General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
The Greek general government (gg) primary cash surplus amounted to 1.22 billion euros in the 5-month period from a deficit of 1.62 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF).
Loan and deposit rates edge down in May but remain above euro area average
Following a drop by 10 basis points (bps) in April, the interest rate on households’ new time deposits fell further by 18 bps 2.53 percent in May, according to the Bank of Greece (BoG).
After landmark return in April, Greece prepares to tap bond markets again
After tapping markets in April for the first time in four years, Greece is considering another bond transaction, which could take place as early as next week, according to reports.
Greece shelves water privatisation plans, leaving gap in revenue targets
The government’s plans to sell stakes in Greece’s water companies have now been completely shelved after the Hellenic Republic Asset Development Fund (HRADF) decided to freeze the privatisation of the state-run firm in Thessaloniki in the wake of a court ruling blocking the sale of the one in Athens.
Greek PMI falls to 49.4 in June, lowest since November 2013
Greece’s Manufacturing PMI fell by 1.6 points to 49.4 in June from 51.0 in May, according to Markit. This was the lowest reading since November with the headline figure falling back below the 50-point mark that separates growth from contraction.