Macroeconomy
General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
Greece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Trade deficit falls by 24 pct in Sept despite slight uptick in exports to EU
Greece’s trade deficit fell by 24 percent year-on-year (YoY) in September compared to a drop of 27.1 percent in August, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in
The European Commission published on Thursday the economic forecasts for Europe within the context of the 2020 autumn forecasts.
Unemployment at 16.8 pct in Aug as inactives rise by 2.9 pct YoY
Greece’s seasonally adjusted (SA) unemployment rate came to 16.8 percent in August from a slightly upward revised figure of 17 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
PMI edges down to 48.7 points in October as output declines at fastest rate since May
Greece’s manufacturing PMI slipped to 48.7 points in October from 50 points in September, according to the latest data from Markit.
Retail turnover drops by 1.4 pct in August for sixth continuous decline, volume drops by 1 pct
Greece’s retail sales index decreased by 1.4 percent in August following a downward revised drop of 2.7 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment up to 92.3 in October, consumer confidence drops for fourth consecutive month
Greece’s economic sentiment (ESI) rose by 2.8 points month-on-month in October to reach 92.3 points, European Commission (EC) figures showed on Thursday.
Credit growth in September up by 2.4 pct as business lending picks up
Credit movement in the Greek private sector rose by 2.4 percent in September after an increase of 1.9 percent in August, Bank of Greece (BoG) figures showed on Tuesday.
Deposits rise by 1.16 bln in September
Net deposit movements in the Greek banking system were positive by 1.16 billion euros in September, up notably from inflows of 421 billion euros in August, Bank of Greece (BoG) figures revealed on Tuesday.
Budget primary shows deficit of 7.01 bln in September
The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF) budget execution bulletin for September confirmed on Monday.