Macroeconomy
Trade deficit drops by 5.4 pct in October as both imports and exports fall
Greece’s trade deficit fell by 5.4 percent year-on-year (YoY) in October compared to a fall of 2.3 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
Greece’s seasonally adjusted (SA) GDP increased by 0.6 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
Overall loan interest drops to 4.32 pct in October
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.32 percent in October, down by 27 basis points (bps) from the rate of 4.59 noted in September, data from the Bank of Greece (BoG) showed on Wednesday.
PMI at 54.1 points in November as foreign orders rise
Greece’s manufacturing PMI rose to 54.1 points in November, up from 53.5 points in October, according to the latest data from Markit.
Retail turnover increases by 4.5 pct in Sept, volume edges up by 5.1 pct
Greece’s retail sales index increased by 4.5 percent in September, following a revised increase of 2.5 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit contraction at 0.2 pct in October, balance at 156.63 bln
Credit contraction in the Greek market came to 0.2 percent in October from 0.5 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits rise by 643 mln in October
Net deposit movements in the Greek banking system were positive by 643 million euros in October, following outflows of 622 million in September, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment at 107 in November, consumer confidence continues to strengthen
Greece’s economic sentiment (ESI) edged up by 0.3 points in November to reach 107 points, European Commission (EC) figures showed on Thursday.
October budget primary surplus confirmed at 5.74 bln
The budget primary balance recorded a surplus of 5.74 billion euros in the first 10 months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the final Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
Following the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.