Greece’s manufacturing PMI slipped to 48.7 points in October from 50 points in September, according to the latest data from Markit.
The banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago.
Greece’s retail sales index decreased by 1.4 percent in August following a downward revised drop of 2.7 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Greece’s economic sentiment (ESI) rose by 2.8 points month-on-month in October to reach 92.3 points, European Commission (EC) figures showed on Thursday.
Credit movement in the Greek private sector rose by 2.4 percent in September after an increase of 1.9 percent in August, Bank of Greece (BoG) figures showed on Tuesday.
Net deposit movements in the Greek banking system were positive by 1.16 billion euros in September, up notably from inflows of 421 billion euros in August, Bank of Greece (BoG) figures revealed on Tuesday.
Research from the General Confederation of Greek Workers (GSEE) has shown the burden of the coronavirus pandemic on the average Greek worker.
The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF) budget execution bulletin for September confirmed on Monday.
Greek household disposable income fell by 11.8 percent year-on-year (YoY) in the second quarter (Q2) of 2020, worsening from the decline of 0.4 percent noted in Q1 2020, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Greece’s travel balance came to 1.32 billion euros in August from 3.87 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 65.9 percent year-on-year (YoY).