Macroeconomy
Current account posts deficit of 1.39 bln in November
Greece’s current account (C/A) balance posted a deficit of 1.39 billion euros in November, from a deficit of 673.4 million in October, according to Bank of Greece (BoG) data released on Monday.
Industrial turnover drops by 7.9 pct in November
Greece’s industrial turnover fell by 7.9 percent year-on-year (YoY) in November, deepening from a drop of 7.4 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Primary cash balance surplus at 5.56 bln in December
Greece’s central government primary cash balance recorded a surplus of 5.56 billion euros in 2019 according to figures released by the Bank of Greece (BoG).
Building permits increase by 12.6 pct in October
Building permits rose by 12.6 percent year-on-year (YoY) in October compared to a rise of 8.5 percent in September, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Travel surplus rises by 12.7 pct in 9M
The balance of travel services came to a surplus of 14.10 billion euros for the first nine months (9M) of the year, Bank of Greece (BoG) noted in its travel balance report.
Public investment under spotlight amid arguments over budget execution
The issue of public investment spending became a point of friction on Wednesday when the deputy minister responsible for fiscal issues claimed the previous government used creative means to make investment spending appear higher at state budget level than it was.
Budget primary surplus at 4.96 bln in Dec, beating annual target
The budget primary balance recorded a surplus of 4.96 billion euros across the twelve months of 2019, compared to a surplus of 91 million noted in December 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
Car sales jump by 21 pct in Dec as 2019 closes with 12.8 pct rise
Road motor vehicles going into circulation for the first time jumped by 21 percent year-on-year (YoY) in December, following a solid rise of 12.5 percent in November, according to data released by Hellenic Statistical Authority (ELSTAT) released on Tuesday.
Dec CPI up by 0.8 pct yoy as 2019 rise comes in at 0.3 pct
Greece’s Consumer Price Index (CPI) increased by 0.8 percent year-on-year in December, following a rise of 0.2 percent in November, marking two positive readings after three negative months, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Employment balance negative by 3,666 in December
The employment balance remained negative in December with 3666 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.