Macroeconomy
Uptick in retail sales accelerates to 23.8 pct in Dec, total rise for 2021 reaches 11.5 pct
Greece’s retail sales marked another significant annual recovery in December, rising by 23.8 percent year-on-year (YoY), from an upwards revised 21.1 percent rise in November, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Deposits decline by 2.23 bln in customary Jan drop
The net private sector deposit movement in the Greek banking system turned negative in January by 2.23 billion, after rising significantly by 4.29 billion euros in December, based on Bank of Greece (BoG) figures released on Friday.
Credit growth slows to 0.9 pct in Jan as loans to enterprises record highest net outflow since 2018
Credit movement in the Greek private sector slowed to 0.9 percent year-on-year in January, from a rise of 1.4 percent in December and 1.1 percent in November, Bank of Greece (BoG) figures released on Friday showed.
Jan budget deficit confirmed at 15 mln, revenues 610 mln short and spending underexecuted
The budget primary balance for the first month of 2022 came to a small surplus of 15 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Economic sentiment stable in Feb, consumer confidence improves
Greece’s economic sentiment (ESI) stayed broadly unchanged in February at 114 points, from 114.2 in January, according to European Commission figures released on Friday.
Travel receipts more than double in 2021, arrivals at 47 pct of 2019
Greece’s travel balance recorded a surplus of 64 million euros in December, from a surplus of 173.8 million euros in November, according to Bank of Greece (BoG) data released on Tuesday.
Employment balance negative by 25,804 in Jan as pandemic support is wound down
Greece’s employment balance stayed negative in January as departures outpaced hires by 25,804, according to data from the Labour Ministry’s Ergani information system.
December current account deficit at 1.71 bln, worst for eight years
Greece posted a current account (C/A) deficit of 1.71 billion euros in December, from 2.52 billion euros in November, Bank of Greece (BoG) data showed on Monday.
Industrial turnover rises by another 22.9 pct in Dec, led by non-domestic market
Greece’s industrial turnover remains on a solid recovery path, rising by 22.9 percent year-on-year (YoY) in December, after jumping by an upwards revised 40 percent in November, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Central govt debt rises again in Q4, reaching 388.3 bln euros
Greece’s central government debt increased by roughly 2 billion euros in the last quarter of 2021 to 388.34 billion euros, from 386.82 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.