Macroeconomy
Credit growth at 0.1 pct in March, positive for first time since 2011
Credit movement in the Greek market came to 0.1 percent in March, improving from a contraction of 0.8 percent noted in February, Bank of Greece (BoG) figures showed on Wednesday.
Economic sentiment, consumer confidence plummet in April as construction takes worse hit
Greece’s economic sentiment (ESI) fell by 10.1 points month-on-month in April to reach 99.3 points, European Commission (EC) figures showed on Monday.
Budget primary surplus at 494 mln in Mar amid first signs of Covid-19 impact on revenues
The budget primary balance recorded a surplus of 494 million euros in the first three months of 2020, compared to a surplus of 1.44 billion in March 2019, the final Finance Ministry (MoF) budget execution bulletin showed on Monday.
Disposable income edges up by 0.2 pct YoY in Q4, final consumption up by 2.7 pct
Greek household disposable income grew by 0.2 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019, decreasing from the rise of 3.5 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Travel balance more than double in Feb as arrivals increase by 24.6 pct
Greece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown.
Current account shows deficit of 1.14 bln in February
Greece’s current account (C/A) balance posted a deficit of 1.14 billion euros in February compared to a deficit of 1.29 billion in January, Bank of Greece (BoG) data showed on Tuesday.
Primary cash balance deficit at 326 mln in March
Greece’s central government primary cash balance recorded a deficit of 326 billion euros in the first three months of the year according to figures released by the Bank of Greece (BoG).
Industrial turnover drops by 2.4 pct in February
Greece’s industrial turnover fell by 2.4 percent year-on-year (YoY) in February compared to a slightly upward revised increase of 5.8 percent in January, Hellenic Statistical Authority (ELSTAT) data published on Thursday showed.
IMF expects difficult year for public finances, PBO highlights impact on labour force
The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook that was published on Tuesday.
Budget primary surplus at 595 mln in March
The budget primary balance recorded a surplus of 595 million euros in the first three months of 2020, compared to a surplus of 1.44 billion noted in March 2019, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.