Macroeconomy
Economic sentiment eases to 106.7 in Oct, industry and construction confidence improve
Greece’s economic sentiment (ESI) dropped by 0.5 points in October to reach 106.7 points, European Commission (EC) figures showed on Wednesday.
Credit contraction at 0.5 pct in Sept, balance at 157.28 bln
Credit contraction in the Greek market came to 0.5 percent in September from 0.1 percent in August, Bank of Greece (BoG) figures showed on Tuesday.
Deposits drop by 622 mln in Sept after six months of inflows
Net deposit movement in the Greek banking system turned negative by 622 million in September following inflows of 1.02 billion in August, Bank of Greece (BoG) figures revealed on Tuesday.
Sept budget primary surplus confirmed at 4.47 bln, well above target
The budget primary balance recorded a surplus of 4.47 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, according to the Finance Ministry (MoF) budget execution bulletin for the month.
Disposable income rises by 5 pct YoY in Q2, final consumption up by 1 pct
Greek household disposable income grew by 5 percent year-on-year (YoY) in the second quarter (Q2) of 2019, increasing from the rise of 4.9 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Travel balance up by 14.4 pct in August, 8-month receipts show rise of 13.6 pct
Greece’s travel balance rose to 3.93 billion euros in August from 3.43 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 14.4 percent year-on-year (YoY).
Current account balance shows surplus of 1.87 bln in August
Greece’s current account (C/A) balance came to a surplus of 1.87 billion in August, rising from a surplus of 1.27 billion in July, according to Bank of Greece (BoG) figures released on Monday.
Industrial turnover falls by 8.1 pct in August
Greece’s industrial turnover dropped by 8.1 percent year-on-year (YoY) in August following an upward revised increase of 4.8 percent in July, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Primary cash balance surplus at 3.94 bln in September
Greece’s central government primary cash balance recorded a surplus of 3.94 billion euros in the first nine months of the year according to figures released by the Bank of Greece (BoG).
IMF revises fiscal outlook, sees lower primary surpluses in coming years
Following the publication of its global forecasts in the World Economic Outlook, the International Monetary Fund (IMF) released its Fiscal Monitor ahead of the autumn meetings due to take place in Washington this week.