Macroeconomy
GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
Greece’s seasonally adjusted (SA) GDP rose by 2.7 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2020 after an upward revised increase of 3.1 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
PMI dips to 49.4 points in February as cost burdens pile up
Greece’s manufacturing PMI dropped to 49.4 points in February from 50 points in January, according to the latest data from Markit.
Retail turnover drops by 12.3 pct and volume by 11 pct in December
Greece’s retail sales index decreased by 12.3 percent in December following a revised drop of 8.5 percent in November, Hellenic Statistical Authority data showed on Friday.
Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
The budget primary balance recorded a deficit of 1.47 billion euros in the first month of 2021, compared to a surplus of 495 million noted in January 2020, the final Finance Ministry (MoF) budget execution bulletin for January showed.
Credit growth in January rises to 3.7 pct even as flow turns negative
Credit movement in the Greek private sector rose an annual 3.7 percent in January after an increase of 3.5 percent in December, Bank of Greece (BoG) figures showed on Thursday.
Deposits drop by EU1.21 bln in January, first decline in a year
Net deposit movements in the Greek banking system were negative for the first time in a year, falling by 1.21 billion euros in January, compared with inflows of 4.65 billion euros in December, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment rises to 91.9 points in February despite drop in consumer confidence
Greece’s economic sentiment (ESI) rose by 1.2 points month-on-month in February to reach 91.9 points, European Commission (EC) figures showed on Thursday.
Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
The complete picture of a dire year for the retail sector in Greece was captured on Tuesday when the Hellenic Statistical Authority (ELSTAT) released the full-year results for the sector.
Travel balance falls by 97.3 pct in December, 76.5 pct in 2020
Greece’s travel balance came to 0.8 million euros in December from 28.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 97.3 percent year-on-year (YoY).
New tax debt €7.13 bln in 2020, rising by €1.34 bln in December
The month-on-month rise in Greece's new tax debt came to 1.34 billion euros in December, data from the Independent Authority of Public Revenues (IAPR) has shown.