Macroeconomy
Trade deficit rises by 7 pct in November
Greece’s trade deficit rose by 7 percent year-on-year (YoY) in November compared to a fall of 5.4 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed.
Industrial production drops sharply by 8.1 pct in Nov
Greece’s Industrial Production Index (IPI) dropped by 8.1 percent year-on-year (YoY) in November, following a revised upwards rise of 0.1 percent versus a 0.3 percent drop in October, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Unemployment edges down to 16.6 pct in October
Greece’s seasonally adjusted (SA) unemployment rate came to 16.6 percent in October from 16.8 percent in September, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
Greece’s general government (gg) primary cash surplus came to 8.84 billion euros in the first eleven months of the year, up by 1.18 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Economic sentiment rises to 109.5 in Dec, hitting 12-year high
Greece’s economic sentiment (ESI) rose by 2.5 points in December to reach 109.5 points, European Commission (EC) figures showed on Wednesday.
Overall loan interest rate edges up to 4.34 pct in Nov
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted in October, data from the Bank of Greece (BoG) showed on Tuesday.
Credit contraction at 0.3 pct in November, balance at 155.53 bln
Credit contraction in the Greek market came to 0.3 percent in November from 0.2 percent in October, Bank of Greece (BoG) figures showed on Friday.
Deposits drop by 206 mln in November
Net deposit movement in the Greek banking system were negative by 206 million euros in November, following inflows of 643 million in October, Bank of Greece (BoG) figures revealed on Friday.
New tax debt at 6.95 bln to Nov, down by 28.2 pct YoY
The month-on-month rise in Greece's new tax debt came to 737 million euros in November, data from the Independent Authority of Public Revenues (IAPR) has shown.
PMI at 53.9 points in Dec, marking solid end to 2019
Greece’s manufacturing PMI edged down to 53.9 points in December from 54.1 points in November, according to the latest data from Markit PMI.