Macroeconomy
Unemployment falls to 17.2 pct, stays below 18 pct for second month
Greece’s seasonally adjusted (SA) unemployment rate came to 17.2 percent in May from a downward revised rate of 17.4 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
PBO highlights budget, recovery risks in latest report
The quarterly report of Parliament’s Budget Office (PBO) raises some concerns on the budget front as developments over the last months have increased fiscal risks, although achieving the target of 3.5 percent of GDP for this year remains feasible.
OTE revenues edge up by 0.3 pct to 1.86 bln in H1
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the first half (H1) of the year increased by 0.3 percent to 1.86 billion euros. The figure for the relevant period last year stood at 1.85 billion.
Trade deficit falls by 22.9 pct in June as imports drop sharply
Greece’s trade deficit dropped by 22.9 percent (YoY) in June compared to a rise of 56 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
July employment balance turns negative by 14,691 after five straight months of positive data
The employment balance turned negative in July with 14,691 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.
PMI rises to 54.6 in July, sentiment highest since July 2012
Greece’s manufacturing PMI rose to 54.6 points in July from 52.4 points in June, according to the latest data from Markit PMI.
Retail turnover falls by 2 pct in May, volume drops by 2.4 pct
Greece’s retail sales index fell by 2 percent in May, almost at the same rate as April when the downward revised drop came to 1.9 percent, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
New overdue taxes rise continues to decelerate, total debt at 104.73 bln
The month-on-month rise in Greece's new tax debt came to 473 million euros in June, data from the Independent Authority of Public Revenues (IAPR) has shown.
Economic sentiment hits 105.3 pts in July, confidence at highest since 2004
Greece’s economic sentiment (ESI) strengthened by 4.3 points in July to 105.3 points, European Commission (EC) figures showed on Tuesday.
Budget primary surplus confirmed at 381 mln in June
The budget primary balance recorded a surplus of 381 million euros in the first six months of 2019, compared to a deficit of 46 million noted in June 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Thursday.