Macroeconomy
Credit growth up by 1.5 pct in July
Credit movement in the Greek private sector rose by 1.5 percent in July after an increase of 0.4 percent in June, Bank of Greece (BoG) figures showed on Thursday.
Bank deposits rise by 3.32 bln in July
Net deposit movements in the Greek banking system were positive by 3.32 billion euros in July, up sharply from inflows of 448 million in June, Bank of Greece (BoG) figures revealed on Thursday
Budget primary deficit of 7.46 bln confirmed for July as revenues sag
The budget primary balance recorded a deficit of 7.46 billion euros in the first seven months of 2020, compared to a surplus of 1.76 billion noted in July 2019, the final Finance Ministry (MoF) budget execution bulletin for July showed on Thursday.
Receipt losses near 5 bln in first six months as June tourism figures disappoint
Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY).
Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
Greece’s current account (C/A) balance posted a deficit of 1.42 billion euros in June compared to a deficit of 913.9 million euros in May, Bank of Greece (BoG) data showed on Thursday.
Industrial turnover drops by 3.8 pct in June, slowing from previous months
Greece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop of 30.4 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
Central government debt increases by 1.04 bln to 362.87 bln in Q2
Greece’s central government debt increased by 1.04 billion euros to 362.87 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2020, from 361.83 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Primary cash deficit at 8.10 bln in July
Greece’s central government primary cash balance recorded a deficit of 8.10 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG).
Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
The budget primary balance widened substantially in July to 8.2 billion euros, from a deficit of 6.10 billion euros in the first six months of 2020, preliminary Finance Ministry (MoF) budget execution data showed on Wednesday.
Construction slides again in May with fall of 8.7 pct YoY in building permits
Building permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.