Macroeconomy
Primary cash deficit at €1.6 bln in January
Greece’s central government recorded a primary cash balance deficit of 1.6 billion euros in January, according to figures released by the Bank of Greece.
Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
The budget primary balance recorded a deficit of 1.47 billion euros in the first month of 2021, compared to a surplus of 495 million noted in January 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for January showed on Monday.
CPI falls by 2 pct YoY in January as apparel and transport drop
Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in January compared to a decline of 2.3 percent seen in December, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Employment balance positive by 2,338 in January; big drop in both hirings and departures
The employment balance was positive with 2,338 more hirings than people leaving their jobs in January, data from the Labour Ministry’s Ergani information system showed.
Building permits drop by 12.4 pct in Nov amid second lockdown
Building permits fell by 12.4 percent year-on-year (YoY) in November after a drop of 4.9 percent seen in October, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Car sales drop by 28.5 pct in January
Road motor vehicles going into circulation for the first time fell by 27.8 percent in January compared to a drop of 6 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
Within the context of its Winter Forecasts, the European Commission gave on Thursday an updated outlook on the performance of EU economies, which suggest Greece suffering a deeper recession last year and slower growth for 2021.
Unemployment drops to 16.2 pct in November amid rise in ‘inactives’
Greece’s seasonally adjusted (SA) unemployment rate fell to 16.2 percent in November from a downward revised figure of 16.4 percent in October, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Industrial production up by 3.3 percent in December
Greece’s Industrial Production Index (IPI) rose by 3.3 percent year-on-year (YoY) in December following a revised increase of 8.9 percent in November, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
Greece’s general government (gg) primary cash deficit came to 12.55 billion euros last year compared to a surplus of 9.46 billion in 2019, according to the Finance Ministry’s (MoF) monthly gg bulletin.