Macroeconomy
General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
Greece’s general government (gg) primary cash deficit came to 4.84 billion euros in the first five months of the year compared to a surplus of 1.69 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Overall loan interest rate drops to 4.23 pct in May
The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 18 basis points (bps) to 4.23 percent in May from 4.05 percent in April, data from the Bank of Greece (BoG) showed on Friday.
New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 545 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.
PMI rises to 49.4 points in June as manufacturing resumes
Greece’s manufacturing PMI increased to 49.4 points in June from 41.1 points in May, according to the latest data from Markit PMI.
Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
Greece’s retail sales index decreased sharply by 24.7 percent in April following an upward revised drop of 0.7 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Economic sentiment at 87.6 in June, consumer confidence & construction show recovery
Greece’s economic sentiment (ESI) fell by 0.9 points month-on-month in June to reach 87.6 points, European Commission (EC) figures showed on Monday.
Credit growth in May comes to 0.7 pct, positive for third month
Credit movement in the Greek private sector increased by 0.7 percent in May, from a rise of 0.3 percent in April, Bank of Greece (BoG) figures showed on Friday.
Deposits rise by 1.72 bln in May
Net deposit movements in the Greek banking system were positive by 1.72 billion euros in May, rising from inflows of 1.43 billion in April, Bank of Greece (BoG) figures revealed on Friday.
Aegean and OPAP revenues suffer while Titan Cement preliminary notice shows resilience
Aegean Airlines’ first quarter (Q1) results for 2020 showed that revenues fell by 15 percent compared to the same time last year.
Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
The budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday.