Macroeconomy
Deposits rise by 421 mln in August as aggregate growth nearly doubles
Net deposit movements in the Greek banking system were positive by 421 billion euros in August, up from inflows of 3.32 billion in July, Bank of Greece (BoG) figures revealed on Friday.
Credit growth in August up by 1.9 pct
Credit movement in the Greek private sector rose by 1.9 percent in August after an increase of 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.
Apartment prices rise by 4.1 pct in Q2
The rise in the nominal value of apartments in Greece came to 4.1 percent year-on-year (YoY) in the second quarter (Q2) of 2020 from a revised increase of 6.6 percent in Q1 2020, Bank of Greece (BoG) data showed on Thursday.
Travel balance falls by 85.1 pct in July
Greece’s travel balance came to 516.4 million euros in July from 3.47 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 85.1 percent year-on-year (YoY).
Current account shows deficit of 874.5 mln in July as travel receipts disappoint
Greece’s current account (C/A) balance posted a deficit of 874.5 million euros in July compared to a deficit of 1.42 billion euros in June, Bank of Greece (BoG) data showed on Monday.
Industrial turnover drops by 16.2 pct in July as manufacturing slows
Greece’s industrial turnover fell by 16.2 percent year-on-year (YoY) in July compared to a drop of 3.8 percent in June, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Unemployment edges up to 16.7 pct in Q2 as tourism jobs dry up
The Greek non-seasonally-adjusted unemployment rate stood at 16.7 percent in the second quarter (Q2) of the year, rising from a rate of 16.2 percent noted in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash deficit at 5.78 bln in August
Greece’s central government primary cash balance recorded a deficit of 5.78 billion euros in the first eight months of the year according to figures released by the Bank of Greece (BoG).
Budget primary shows deficit of 6.61 bln in August
The budget primary balance recorded a deficit of 6.61 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for August showed on Wednesday.
Overdue social security contributions rise to 37 bln in Q2
The stock of unpaid social security contributions (SSCs) increased to 37 billion in the second quarter (Q2) of 2020, rising by 687 million compared to the figure of 36.32 billion euros registered in the first quarter (Q1) of 2020, the Centre for the Collection of Social Security Arrears (KEAO) revealed.