Macroeconomy
Rise of property prices continues with 4.6 pct increase in Q2
The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY) in the second quarter (Q2), from an upwards revised 3.5 pct in the first quarter (Q1), according to Bank of Greece (BoG) data released on Thursday.
Trade deficit widens by 28.9 pct in July due to higher oil prices
Greece’s trade deficit increased by 28.9 percent year-on-year (YoY) in July according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
Greece’s seasonally adjusted (SA) GDP rose by 3.4 percent quarter-on-quarter (QoQ) in the second (Q2) quarter of the year, from a slightly upwards revised 4.5 percent in the first quarter (Q1) of 2021, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
General govt balance deteriorates due to deficits of state and social security funds
Greece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin.
Manufacturing PMI up to 59.3 pts amid ongoing concerns over supplier delays, input prices
Greece’s manufacturing PMI rose to 59.3 points in August, from 57.4 points in July, signalling the marked improvement in the Greek manufacturing sector, Markit data showed on Wednesday.
Retail turnover rises by 11.7 pct and volume by 10.8 pct in June
Greece’s retail sales index rose by 11.7 percent in June following a revised increase of 14.8 percent in May, Hellenic Statistical Authority data showed on Tuesday.
Economic sentiment rises to 113 points in August, but consumer and retail confidence slide
Greece’s economic sentiment (ESI) rose by 1.8 points month-on-month in August to reach 113 points, European Commission figures showed on Monday.
Credit growth in July slows to 1.2 pct; monthly outflow of 532 mln
Credit movement in the Greek private sector rose an annual 1.2 percent in July, compared with 2.3 percent in June, Bank of Greece (BoG) figures showed on Thursday.
Deposits rose by 1.84 bln in July
Net deposit movements in the Greek banking system continued to rise in July, increasing by 1.84 billion euros compared with inflows of 1.62 billion euros in June, Bank of Greece (BoG) figures revealed.
Budget primary confirms deficit of 9.06 bln in July, beating target
The budget primary balance recorded a deficit of 9.06 billion euros in the first seven months of 2021, compared with a deficit of 7.46 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for July showed on Wednesday.