Macroeconomy
Trade deficit falls by 30 pct in October as imports and exports remain slow
Greece’s trade deficit fell by 30 percent year-on-year (YoY) in October compared to a drop of 24 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
Greece’s seasonally adjusted (SA) GDP showed an increase of 2.3 percent (QoQ) in the third quarter (Q3) of 2020 after a revised decrease of 14.1 percent in Q2 2020, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
The International Monetary Fund (IMF) issued this week the latest post-programme monitoring report, the second since the summer of 2018, when the last programme ended.
PMI drops to 42.3 points in November as second lockdown hits
Greece’s manufacturing PMI fell to 42.3 points in November from 48.7 points in October, according to the latest data from Markit.
Exporters focus on new markets to weather pandemic
Greek exporters are continuing their efforts to ride out the coronavirus pandemic and its second wave by looking at how to change their export profile and tap into new export markets.
Apartment prices rise by 3.2 pct in Q3
The rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the third quarter (Q3) of 2020 from an increase of 4.1 percent in Q2 2020, Bank of Greece (BoG) data showed on Monday.
Retail turnover and volume both drop by 3.5 pct in September
Greece’s retail sales index decreased by 3.5 percent in September following a revised drop of 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Economic sentiment dips to 91 in November as consumer confidence continues to slide
Greece’s economic sentiment (ESI) dropped by 1.3 points month-on-month in November to reach 91 points, European Commission (EC) figures showed on Friday.
Credit growth continues with 2.5 pct increase in Oct
Credit movement in the Greek private sector rose by 2.5 percent in October after an increase of 2.4 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits rise by 2.53 bln in October
Net deposit movements in the Greek banking system were positive by 2.53 billion euros in October, up from inflows of 1.16 billion euros in September, Bank of Greece (BoG) figures revealed on Thursday.