Macroeconomy
PMI drops to 42.3 points in November as second lockdown hits
Greece’s manufacturing PMI fell to 42.3 points in November from 48.7 points in October, according to the latest data from Markit.
Exporters focus on new markets to weather pandemic
Greek exporters are continuing their efforts to ride out the coronavirus pandemic and its second wave by looking at how to change their export profile and tap into new export markets.
Apartment prices rise by 3.2 pct in Q3
The rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the third quarter (Q3) of 2020 from an increase of 4.1 percent in Q2 2020, Bank of Greece (BoG) data showed on Monday.
Retail turnover and volume both drop by 3.5 pct in September
Greece’s retail sales index decreased by 3.5 percent in September following a revised drop of 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Economic sentiment dips to 91 in November as consumer confidence continues to slide
Greece’s economic sentiment (ESI) dropped by 1.3 points month-on-month in November to reach 91 points, European Commission (EC) figures showed on Friday.
Credit growth continues with 2.5 pct increase in Oct
Credit movement in the Greek private sector rose by 2.5 percent in October after an increase of 2.4 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits rise by 2.53 bln in October
Net deposit movements in the Greek banking system were positive by 2.53 billion euros in October, up from inflows of 1.16 billion euros in September, Bank of Greece (BoG) figures revealed on Thursday.
Budget primary confirmed at deficit of 9.07 bln in October
The budget primary balance recorded a deficit of 9.07 billion euros in the first ten months of 2020, compared to a surplus of 5.74 billion noted in October 2019, the final Finance Ministry (MoF) budget execution bulletin for October showed on Wednesday.
Travel balance falls by 70.9 pct in September as 12.6 bln in receipts vanish in aggregate
Greece’s travel balance came to 776.5 million euros in September from 2.67 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 70.9 percent year-on-year (YoY).
Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
With Greece having completed two weeks of general lockdown and as Covid-19 data continued to cause alarm, Finance Minister Christos Staikouras tabled to Parliament on Friday the final 2021 budget, which was substantially revised from the draft document submitted at the start of October.