Macroeconomy
PMI drops to 46.8 points in July amid Covid-19 uncertainty
Greece’s manufacturing PMI decreased to 48.6 points in July from 49.4 points in June, according to the latest data from Markit PMI.
Retail turnover drops by 5.3 pct in May, volume drops by 5.8 pct
Greece’s retail sales index decreased sharply by 5.3 percent in May following a sharp drop of 24.5 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment at 90.8 in July, consumer confidence slips
Greece’s economic sentiment (ESI) rose by 3.2 points month-on-month in July to reach 90.8 points, European Commission (EC) figures showed on Thursday.
Credit contraction in June comes to 0.4 pct
Credit movement in the Greek private sector contracted by 0.4 percent in June after an increase of 0.7 percent in May, Bank of Greece (BoG) figures showed on Monday.
Deposits rise by 448 mln in June
Net deposit movements in the Greek banking system were positive by 448 million euros in June, declining from inflows of 1.71 billion in May, Bank of Greece (BoG) figures revealed on Monday.
Budget primary balance confirmed at deficit of 6.10 bln in June
The budget primary balance recorded a deficit of 6.10 billion euros in the first six months of 2020, compared to a surplus of 381 million noted in June 2019, the final Finance Ministry (MoF) budget execution bulletin for June showed on Monday.
Disposable income falls by 0.4 pct YoY in Q1, final consumption down by 0.5 pct
Greek household disposable income fell by 0.4 percent year-on-year (YoY) in the first quarter (Q1) of 2020, decreasing from the rise of 0.2 percent noted in Q4 2019, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Travel balance falls by 99.3 pct in May
Greece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY).
Current account shows deficit of 913.9 mln in May as travel receipts evaporate
Greece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April Bank of Greece (BoG) data showed on Monday.
Industrial turnover drops by 30.4 pct in May
Greece’s industrial turnover fell by 30.4 percent year-on-year (YoY) in May compared to a drop of 35.4 percent in April, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.