Macroeconomy
Trade deficit falls 10.8 pct in December as exports rise slightly
Greece’s trade deficit fell by 10.8 percent year-on-year (YoY) in December compared to a drop of 18 percent in November, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
PMI rises to 50 points in January on hopes of vaccine roll-out
Greece’s manufacturing PMI rose to 50.0 points in January from 46.9 points in December, according to the latest data from Markit.
Credit growth in December rises to 3.4 pct, highest since March 2010
Credit movement in the Greek private sector rose by 3.4 percent in December after an increase of 2.6 percent in November, Bank of Greece (BoG) figures showed on Friday.
Deposits rise by 4.45 bln in December, highest since 2012
Net deposit movements in the Greek banking system were positive by 4.45 billion in December, up from inflows of 3.16 billion euros in November, Bank of Greece (BoG) figures revealed on Friday.
Retail turnover drops by 7.9 pct and volume by 6.9 pct in November
Greece’s retail sales index decreased by 7.9 percent in November following a revised increase of 4.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Disposable income rises by 1.6 pct in Q3 2020
Greek household disposable income rose by 1.6 percent year-on-year (YoY) in the third quarter (Q3) of 2020, improving compared to a decline of 11.8 percent in Q2, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Economic sentiment declines to 90.7 points in January as construction and retail strengthen
Greece’s economic sentiment (ESI) declines by 1.1 points month-on-month in January to reach 90.7 points, European Commission (EC) figures showed on Thursday.
Newest Greek market foray for 10-yr bond breaks two records
Greece took its first step towards executing the debt strategy for the new year with an impressive transaction for a 10-year bond issue that ended up breaking two records in the country’s sovereign market.
Budget primary confirmed at deficit of 18.20 bln in 2020
The budget primary balance recorded a deficit of 18.20 billion euros in 2020, compared to a surplus of 5.02 billion noted in 2019, the final Finance Ministry (MoF) budget execution bulletin for December showed on Monday.
New tax debt at 5.79 bln to November, rising by 847 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 847 million euros in November, data from the Independent Authority of Public Revenues (IAPR) has shown.