Macroeconomy
Industrial production drops by 0.2 percent in July
Greece’s Industrial Production Index (IPI) decreased by 0.2 percent year-on-year (YoY) in July following a slightly downward revised decrease of 0.2 percent in June, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
Trade deficit falls by 17.1 pct in July
Greece’s trade deficit fell by 17.1 percent year-on-year (YoY) in July compared to a drop of 10.3 percent in June, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
Greece’s general government (gg) primary cash deficit came to 7.46 billion euros in the first seven months of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
Greece’s seasonally adjusted (SA) GDP fell by 14 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2020 after a revised decrease of 0.7 percent in Q1 2020, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
PMI edges up to 49.4 points in August, employment rises
Greece’s manufacturing PMI increased slightly to 49.4 points in August compared to 48.6 points in July, according to the latest data from Markit.
Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
Greece’s retail sales index decreased by 6.9 percent in June following a revised drop of 4.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Economic sentiment at 90.7 in Aug, construction and retail dip
Greece’s economic sentiment (ESI) edged down by 0.1 points month-on-month in August to reach 90.7 points, European Commission (EC) figures showed on Friday.
Credit growth up by 1.5 pct in July
Credit movement in the Greek private sector rose by 1.5 percent in July after an increase of 0.4 percent in June, Bank of Greece (BoG) figures showed on Thursday.
Bank deposits rise by 3.32 bln in July
Net deposit movements in the Greek banking system were positive by 3.32 billion euros in July, up sharply from inflows of 448 million in June, Bank of Greece (BoG) figures revealed on Thursday
Budget primary deficit of 7.46 bln confirmed for July as revenues sag
The budget primary balance recorded a deficit of 7.46 billion euros in the first seven months of 2020, compared to a surplus of 1.76 billion noted in July 2019, the final Finance Ministry (MoF) budget execution bulletin for July showed on Thursday.