Macroeconomy
Private sector deposits rise by 1.83 bln in Nov, led by corporations
The net private sector deposit movement in the Greek banking system jumped by 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Wednesday.
Nov budget data confirms tax revenue outperformance at 784 mln
The budget primary balance recorded a deficit of 7.88 billion euros up to November 2021, compared with a deficit of 13.75 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
Unemployment drops to 13 pct in Q3, lowest since 2010, as employed exceed 4 mln
Greece’s non-seasonally adjusted unemployment rate continued its decline to 13 percent in the third quarter (Q3) from 15.8 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Travel surplus of 1.27 bln in Oct as receipts reach 58 pct of 2019 levels in 10 months
Greece’s travel balance recorded a surplus of 1.27 billion euros in October, from 2.06 billion euros in September, according to Bank of Greece (BoG) data released on Wednesday.
Current account deficit widens to 780.8 mln in Oct, led by deterioration in goods balance
Greece posted a current account (C/A) deficit of 780.8 million euros in October, from a deficit of 176.7 million euros in September, Bank of Greece (BoG) data showed on Tuesday.
Industrial turnover rises by 40.6 pct in Oct
Greece’s industrial turnover remains on a solid footing, jumping by 40.6 percent year-on-year (YoY) in October, from a 39.5 percent rise in September, according to data from the Hellenic Statistical Authority (ELSTAT) released on Monday.
Primary cash deficit almost halved to 7.32 bln in Nov
Greece’s central government recorded a primary cash deficit of 7.32 billion euros up to November, from a deficit of 13.45 billion euros last year, according to figures released by the Bank of Greece on Friday.
End of freeze on layoffs coincides with worst ever hirings balance in Nov
Greece’s employment balance remained deep in the red in November with 79,129 more departures than hires, from negative 70,048 in October, according to data from the Labour Ministry’s Ergani information system.
Wage growth halves to 1.2 pct in Q3
Greece’s seasonally adjusted (SA) Wages Index increased by 1.2 percent year-on-year (YoY) in the third quarter (Q3) of this year, from a 2.5 percent rise in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Buoyed by improved tax revenues, budget deficit comfortably beats target at 7.88 bln in Nov
The budget primary balance for the eleven months of the year landed at a deficit of 7.88 billion euros, compared with a deficit of 13.47 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.