Macroeconomy
Overall loan interest edged up to 4.36 pct in January
The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 2 percentage points to 4.36 percent in January from 4.34 percent in December, data from the Bank of Greece (BoG) showed on Wednesday.
PMI at 56.2 pts in Feb amid rise in manufacturers' confidence, employment
Greece’s manufacturing PMI increased to 56.2 points in February from 54.4 points in January, according to the latest data from Markit PMI.
Budget primary balance confirmed at 495 mln in January
The budget primary balance was confirmed at a primary surplus of 495 million euros in the first month of 2020, below target by 773 million euros, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.
Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
Greece’s retail sales index increased by 0.2 percent in December following a rise of 4.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit contraction unchanged at 0.6 pct in Jan, balance at 153.43 bln
Credit contraction in the Greek market came to 0.6 percent in January, unchanged from December, Bank of Greece (BoG) figures showed on Thursday.
Deposits drop by 2.16 bln in January
Net deposit movements in the Greek banking system were negative by 2.16 billion euros in January following positive flows of 3.65 billion in December, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment at 113.2 in Feb, strong improvement in services and retail
Greece’s economic sentiment (ESI) rose by 3.7 points in February to reach 113.2 points, European Commission (EC) figures showed on Thursday.
Primary cash surplus at 132 mln in January
Greece’s central government primary cash balance recorded a surplus of 132 million euros in January according to figures released by the Bank of Greece (BoG).
Travel balance surplus up by 10.9 pct in 2019 as 31.3 mln visitors roll in
Greece’s travel balance rose to a surplus of 42.7 million euros in December according to Bank of Greece (BoG) data released on Friday, representing a rise of 84.6 percent compared to the same time last year.
PBO sees encouraging signs for economic and fiscal outlook
The Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report as several fiscal and macro fronts are moving in the right direction.