Macroeconomy
Trade deficit falls by 30.3 pct in April as Covid-19 restrictions hit trade
Greece’s trade deficit fell by 30.3 percent year-on-year (YoY) in April compared to a drop of 7.9 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
Overall loan interest at 4.05 pct in April, hitting new series low
The overall weighted average interest rate on all new loans to households and non-financial corporations was almost unchanged month-on-month 4.05 percent in April from 4.06 percent in March, data from the Bank of Greece (BoG) showed on Friday.
Apartment prices rise by 6.9 pct in Q1
The rise in the nominal value of apartments in Greece came to 6.9 percent year-on-year (YoY) in the first quarter (Q1) of 2020 from a revised increase of 7.6 percent in Q4 2019, Bank of Greece (BoG) data showed on Thursday.
GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
Greece’s seasonally adjusted (SA) GDP fell by 1.6 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
PMI rises to 41.1 points in May but manufacturer pessimism persists
Greece’s manufacturing PMI increased to 41.1 points in May from 29.5 points in April, according to the latest data from Markit PMI.
Deposits rise by 1.43 bln in April
Net deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday.
Credit growth in April marks first two successive months of expansion since 2010
Credit movement in the Greek private sector increased by 0.3 percent in April, from a rise of 0.1 percent in March, Bank of Greece (BoG) figures showed on Friday.
Retail sales down by 1.5 pct in March for first fall in seven months
Greece’s retail sales index fell by 1.5 percent in March from a slower increase of 3.6 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
Greece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday.
April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
The budget primary balance recorded a deficit of 1.52 billion euros in the first four months of 2020, compared to a surplus of 1.46 billion noted a year earlier, the final Finance Ministry (MoF) budget execution bulletin for April showed on Monday.