Macroeconomy
EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.
Unemployment edges down to 16.7 pct, lowest since April 2011
Greece’s seasonally adjusted (SA) unemployment rate edged down to 16.7 percent in August, down from 16.9 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Trade deficit rises by 2.3 pct in September
Greece’s trade deficit rose by 2.3 percent year-on-year (YoY) in September compared to a fall of 1.7 percent in August, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed.
General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
Greece’s general government (gg) primary cash surplus came to 6.25 billion euros in the first nine months of the year, up by 1.06 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Overdue tax, debtors jump in Sept as total reaches 105.6 bln
The month-on-month rise in Greece's new tax debt came to 588 million euros in September, data from the Independent Authority of Public Revenues (IAPR) has shown.
PMI stable at 53.5 points in October as foreign orders rise
Greece’s manufacturing PMI remained almost unchanged at 53.5 points in October from 53.6 points in September, according to the latest data from Markit.
Loan interest drops to 4.59 pct in September
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.59 percent in September, down 9 basis points (bps) from the rate of 4.68 noted in August, data from the Bank of Greece (BoG) showed on Thursday.
Retail turnover increases by 1.2 pct in August, volume edges up by 0.8 pct
Greece’s retail sales index increased by 1.2 percent in August, following a revised decrease of 1.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Economic sentiment eases to 106.7 in Oct, industry and construction confidence improve
Greece’s economic sentiment (ESI) dropped by 0.5 points in October to reach 106.7 points, European Commission (EC) figures showed on Wednesday.
Credit contraction at 0.5 pct in Sept, balance at 157.28 bln
Credit contraction in the Greek market came to 0.5 percent in September from 0.1 percent in August, Bank of Greece (BoG) figures showed on Tuesday.