Macroeconomy
Big drop in March sees PMI settle at 42.5 pts as Covid-19 measures bite
Greece’s manufacturing PMI dropped to 42.5 points in March from 56.2 points in February, according to the latest data from Markit PMI.
Retail turnover up by 10.1 pct in January
Greece’s retail sales index increased by 10.1 percent in January following an upward revised rise of 2.2 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Economic sentiment at 109.4 in March
Greece’s economic sentiment (ESI) fell by 3.8 points month-on-month in March to reach 109.4 points, European Commission (EC) figures showed on Monday.
Credit contraction at 0.7 pct in Feb, balance at 153.74 bln
Credit contraction in the Greek market came to 0.7 percent in February, slightly deepening from a contraction of 0.6 percent in January, Bank of Greece (BoG) figures showed on Thursday.
Deposits rise by 1.06 bln in Feb
Net deposit movements in the Greek banking system were positive by 1.06 billion euros in February, following outflows of 2.16 billion in January, Bank of Greece (BoG) figures revealed on Thursday.
Budget primary surplus confirmed at 831 mln in Feb
The budget primary balance recorded a surplus of 831 million euros in the first two months of 2020, compared to a surplus of 822 million noted in February 2019, the Finance Ministry (MoF) budget execution bulletin confirmed on Thursday.
Travel balance surplus up by 27 pct in January to 80.2 mln
Greece’s travel balance rose to a surplus of 80.2 million euros in January according to Bank of Greece (BoG) data released on Monday, representing a rise of 27 percent year-on-year (YoY).
Industrial turnover rises by 5.7 pct in January
Greece’s industrial turnover increased by 5.7 percent year-on-year (YoY) in January compared to a rise of 11.3 percent in December, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Current account shows deficit of 1.29 bln in January
Greece’s current account (C/A) balance posted a deficit of 1.29 billion euros in January, from a deficit of 540.3 million in December, according to Bank of Greece (BoG) data released on Friday.
Primary cash balance deficit at 378 mln in February
Greece’s central government primary cash balance recorded a deficit of 378 million euros in the first two months of the year according to figures released by the Bank of Greece (BoG).