Macroeconomy
Economic sentiment drops sharply in Apr, consumer confidence hits lowest since 2017
Greece’s economic sentiment (ESI) dropped sharply by 7.1 points to 105 points in April, following a 1.9-point decline in March, according to European Commission figures released on Monday.
Credit growth edges up to 1.6 pct in Mar, led by rise in business loans
Credit movement in the Greek private sector accelerated slightly to 1.6 percent year-on-year (YoY) in March, from 1.4 per percent in February, 0.9 percent in January, Bank of Greece (BoG) figures released on Friday showed.
Deposits drop for third straight month as corporates lead fall of 988 mln
The net private sector deposit movement in the Greek banking system in March stayed negative, falling by a further 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Friday.
Spike in producer prices continues with 46.2 pct energy-led rise in March
Greece’s Producer Price Index (PPI) continued its explosive rise in March, when it jumped by 46.2 percent year-on-year (YoY), after a 33.6 percent increase in February, ELSTAT data said on Friday.
Retail sales remain on upward path, rising by 16.8 pct YoY in Feb
Greece’s retail sales increased by 16.8 percent year-on-year (YoY) in February, from a slightly downwards revised 13.5 percent rise in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growth in building permits slows to 4.3 pct YoY in Jan
The new year started with a slowdown in the growth of building permits in Greece, with total permits rising by 4.3 percent year-on-year (YoY) in January, after closing 2021 with a rise of 18.3 percent in December, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday.
March budget primary balance short of target, but taxes continue to overperform
The budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Travel balance improves significantly in first two months of 2022
Greece’s travel balance recorded a surplus of 63 million euros in February, from 60.8 million euros in January 2022, according to Bank of Greece (BoG) data released on Thursday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
The International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth.
Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021
Greece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday.