Macroeconomy
PMI rises to 49.4 points in June as manufacturing resumes
Greece’s manufacturing PMI increased to 49.4 points in June from 41.1 points in May, according to the latest data from Markit PMI.
Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
Greece’s retail sales index decreased sharply by 24.7 percent in April following an upward revised drop of 0.7 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Economic sentiment at 87.6 in June, consumer confidence & construction show recovery
Greece’s economic sentiment (ESI) fell by 0.9 points month-on-month in June to reach 87.6 points, European Commission (EC) figures showed on Monday.
Credit growth in May comes to 0.7 pct, positive for third month
Credit movement in the Greek private sector increased by 0.7 percent in May, from a rise of 0.3 percent in April, Bank of Greece (BoG) figures showed on Friday.
Deposits rise by 1.72 bln in May
Net deposit movements in the Greek banking system were positive by 1.72 billion euros in May, rising from inflows of 1.43 billion in April, Bank of Greece (BoG) figures revealed on Friday.
Aegean and OPAP revenues suffer while Titan Cement preliminary notice shows resilience
Aegean Airlines’ first quarter (Q1) results for 2020 showed that revenues fell by 15 percent compared to the same time last year.
Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
The budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday.
Wages index up by 0.8 pct in Q1 2020
Greece’s seasonally adjusted (SA) Wages Index turned slightly positive by 0.8 percent year-on-year (YoY) in the first quarter (Q1) of 2020, following a drop of 0.1 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday.
Travel balance falls by 97.8 pct in April
Greece’s travel balance fell to 4.6 million euros in April from 31.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 97.8 percent year-on-year (YoY).
Industrial turnover drops by 35.4 pct in April, hitting series low
Greece’s industrial turnover fell by 35.4 percent year-on-year (YoY) in April compared to a drop of 9.3 percent in March, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.