Macroeconomy
GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
Greece’s seasonally adjusted (SA) GDP fell by 0.7 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2019 after a downward revised increase of 0.4 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Employment balance positive by 24,867 February
The employment balance turned positive in February with 24,867 more hirings than firings, data from the Labour Ministry’s Ergani information system showed.
Unemployment drops to 16.3 pct in December
Greece’s seasonally adjusted (SA) unemployment rate came to 16.3 percent in December from 16.5 percent in November, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Overall loan interest edged up to 4.36 pct in January
The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 2 percentage points to 4.36 percent in January from 4.34 percent in December, data from the Bank of Greece (BoG) showed on Wednesday.
PMI at 56.2 pts in Feb amid rise in manufacturers' confidence, employment
Greece’s manufacturing PMI increased to 56.2 points in February from 54.4 points in January, according to the latest data from Markit PMI.
Budget primary balance confirmed at 495 mln in January
The budget primary balance was confirmed at a primary surplus of 495 million euros in the first month of 2020, below target by 773 million euros, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.
Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
Greece’s retail sales index increased by 0.2 percent in December following a rise of 4.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit contraction unchanged at 0.6 pct in Jan, balance at 153.43 bln
Credit contraction in the Greek market came to 0.6 percent in January, unchanged from December, Bank of Greece (BoG) figures showed on Thursday.
Deposits drop by 2.16 bln in January
Net deposit movements in the Greek banking system were negative by 2.16 billion euros in January following positive flows of 3.65 billion in December, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment at 113.2 in Feb, strong improvement in services and retail
Greece’s economic sentiment (ESI) rose by 3.7 points in February to reach 113.2 points, European Commission (EC) figures showed on Thursday.