Macroeconomy
Primary cash balance deficit at 3.91 bln in March
Greece’s central government recorded a primary cash balance deficit of 3.91 billion euros in the first three months of the year, according to figures released by the Bank of Greece.
Budget primary deficit at 3.42 bln in March, above target by 941 mln
The budget primary balance recorded a deficit of 3.42 billion euros in the first three month of 2021, compared with a surplus of 494 million in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for March showed on Thursday.
Wages index up by 4.5 pct YoY in Q4 2020, rises by 3.1 pct QoQ
Greece’s seasonally adjusted (SA) Wages Index increased 4.5 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020, following a rise of 3 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday.
New tax debt at 1.63 bln February, rising by 1.03 bln month-on-month
The month-on-month rise in Greece's new tax debt came to 1.03 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) has shown.
Building permits increase by 6.4 pct in January
Building permits increased by 6.4 percent year-on-year (YoY) in January after a drop of 0.7 percent seen in December, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
CPI down by 1.6% in March, marking 12-month continuous drop
Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year in March, following a drop of 1.3 percent in February and a decline of 2 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Car sales almost double in March from level at start of pandemic
Road motor vehicles going into circulation for the first time rose by 98.5 percent in March compared to a drop of 16.4 percent in February, Hellenic Statistical Authority (ELSTAT) data showed.
Industrial production up by 4.4% in February
Greece’s Industrial Production Index (IPI) rose by 4.4 percent year-on-year (YoY) in February following a revised increase of 3.5 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
IMF expects modest recovery, lingering debt but primary surplus to return swiftly
Within the context of its Spring meetings, the IMF updated its macroeconomic and fiscal estimates for Greece in the World Economic Outlook and the Fiscal Monitor publications.
Trade deficit falls by 33.2 pct in February
Greece’s trade deficit fell by 33.2 percent year-on-year in February compared to a drop of 23.2 percent in January, data from the Hellenic Statistical Authority released on Wednesday showed.