Macroeconomy
Retail turnover up by 4 pct in Nov, volume rises by 3.2 pct
Greece’s retail sales index rose by 4 percent in November against a slightly downward revised fall of 2.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Jan economic sentiment at 99.6 as consumer confidence posts best reading since 2009
Greece’s economic sentiment (ESI) was down by 1.3 points to 99.6 in January compared to a reading of 100.9 points in December 2018, European Commission (EC) figures revealed on Wednesday.
Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
Greece’s tourism industry, which weathered the country’s economic crisis relatively well, has remained a strong revenue generator with aggregate figures for the nine-month (9M) period showing that the year already surpassed arrival predictions.
December deposit inflows hit six-year high of 3.15 bln
Net deposit movement in the Greek banking system turned strongly positive in December with inflows of 3.15 billion compared to outflows of 79.4 million in November, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction at 1.1 pct in Dec, loans to enterprises increase by 1.09 bln MoM
Credit contraction in the Greek market came to 1.1 percent in December compared to a contraction of 1.4 percent seen in November, Bank of Greece (BoG) figures showed on Monday.
Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln
The budget primary balance was confirmed at a surplus of 3.34 billion euros in 2018, according to the final budget execution bulletin for December published by the Finance Ministry (MoF) on Friday.
Disposable income rises by 4.1 pct YoY in Q3, final consumption grows 1.8 pct
Greek household disposable income grew by 4.1 percent year-on-year (YoY) in the third quarter (Q3) of 2018, growing from the rise of 3.3 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Pension outlay still falling, 40.4 pct of main monthly payments below 500 euros
The Labour Ministry's Computer Centre for Social Security Services (IDIKA) most recent report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis, showed that a total of 4.5 million pensions were paid in September 2018.
Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
Greece’s travel balance grew by 73.5 percent in November following a rise of 21.4 percent in October, Bank of Greece (BoG) data has shown.
December hirings balance positive by 5,970 with annual balance for 2018 up by 141,003 places
The employment balance moved back into positive territory in December after two negative months with 5,970 more hirings than departures, according to data from the Labour Ministry’s Ergani information system.