Macroeconomy
CPI falls by 2 pct YoY in September
Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in September compared to a decline of 1.9 percent seen in August, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Unemployment drops to 16.8 pct in July
Greece’s seasonally adjusted (SA) unemployment rate came to 16.8 percent in July from a slightly downward revised figure of 18 percent in June, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Trade deficit falls by 27.1 pct in August
Greece’s trade deficit fell by 27.1 percent year-on-year (YoY) in August compared to a drop of 17.1 percent in July, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
General govt primary cash deficit at 5.49 bln in Aug, arrears up by 172 mln
Greece’s general government (gg) primary cash deficit came to 5.49 billion euros in the first eight months of the year compared to a surplus of 2.78 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
The Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek authorities see a substantial recovery next year that will offset most of the losses suffered in 2020 due to the pandemic.
PMI rises to 50 points in September, signalling stabilisation
Greece’s manufacturing PMI increased to 50 points in September from 49.4 points in August, according to the latest data from Markit.
Retail turnover drops by 3 pct in July for fifth straight negative reading
Greece’s retail sales index decreased by 3 percent in July following a downward revised drop of 3.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Consumer confidence drops by 6 pts as economic sentiment declines in September
Greece’s economic sentiment (ESI) dropped by 1.2 points month-on-month in September to reach 89.5 points, European Commission (EC) figures showed on Tuesday.
Budget primary confirmed at deficit of 5.48 bln in August
The budget primary balance recorded a deficit of 5.48 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the final Finance Ministry (MoF) budget execution bulletin for August showed on Friday.
Deposits rise by 421 mln in August as aggregate growth nearly doubles
Net deposit movements in the Greek banking system were positive by 421 billion euros in August, up from inflows of 3.32 billion in July, Bank of Greece (BoG) figures revealed on Friday.