Macroeconomy
Hirings balance hits new record high of 108,725 in May
The employment balance continued its positive momentum in May with hirings outpacing departures by 108,725, data from the Labour Ministry’s Ergani information system revealed.
Car sales up by 18.7 pct in May, motorcycle sales rise 16.3 pct
Road motor vehicles going into circulation for the first time rose by 18.7 percent in May Hellenic Statistical Authority (ELSTAT) data showed on Monday, slowing from the increase noted in April, which came to 29.3 percent.
New overdue taxes rise by 599 mln in April, total stock continues to grow
Greece’s new tax debt rose by 599 million in April, down from the increase of 776 million in March, data from the Independent Authority of Public Revenues (IAPR) has revealed.
Industrial production increases by 1.9 pct in April, March revised upwards
Greece’s Industrial Production Index (IPI) rose by 1.9 percent in April after the figure for March was revised up to 1.2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI up by 0.6 pct in May, second positive reading the year
Greece’s Consumer Price Index (CPI) rose by 0.6 percent in May after remaining stable in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Turnover in tourism grows by 10.9 pct in Q1
The turnover index in accommodation and food services remained positive for a seventh successive month in the first quarter (Q1) of 2018, growing by 10.9 percent after an upward revision of the fourth quarter (Q4) to 7.5 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Trade deficit drops by 4.6 pct in April as export activity remains strong
Greece’s trade deficit fell by 4.6 percent in April, slowing from March’s contraction of 23.1 percent but continuing to fall, according to data from the Hellenic Statistical Authority (ELSTAT) released on Thursday.
Unemployment at 20.1 percent in March
Greece’s seasonally adjusted (SA) unemployment rate in March came to 20.1 percent, falling against the downward revised figure of 20.6 percent for February, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Banks meet NPE targets in Q1 but mortgage reductions remain slow
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the first quarter (Q1) of 2018 according to the seventh quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Wednesday afternoon.
Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
The Greek Finance Ministry is due to table to Parliament on Friday the multi-bill that will wrap up its obligations for the conclusion of the final programme review, along with the updated Medium-Term Fiscal Strategy (MTFS) for the period between 2019 and 2022.