Macroeconomy
Trade deficit rises sharply in June as exports continue to fall
Greece’s trade deficit rose sharply by 33.2 percent year-on-year (YoY) in June, after a 31.6 percent drop in May, according to data released by ELSTAT on Thursday.
PMI falls to 51.7 in July, level of optimism drops to lowest in a year
Greece’s manufacturing PMI dropped significantly in July to 51.7 points, from 53.1 points in the previous month, S&P Global data showed on Friday.
Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
Greece’s retail sales had a sharp drop of 4.4 percent year-on-year (YoY) in May, after marked growth of 7.4 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Producer prices on six-month run of rises after 1.6 pct YoY increase in Jun
Greece’s Producer Price Index (PPI) continued growing in June, with a rise of 1.6 percent year-on-year (YoY), after an increase of 2 percent in May, ELSTAT data showed on Wednesday.
Economic sentiment improves in July, consumer confidence continues to slide
There was a solid rebound in Greece’s economic sentiment (ESI) in July to 109.1 points, from 106.1 in the previous month, according to European Commission figures released on Wednesday.
Despite soft hiring in June, six-month balance breaks record on back of seasonal jobs
Greece’s employment balance was positive in June with 15,668 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Building activity continues to slide in Apr, 4M permits down 26 pct YoY
Building activity continued its slide in April with a drop of 17.3 percent year-on-year, after the collapse of 41.3 percent YoY seen in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
The budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared to a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
The credit expansion in the Greek private sector remained solid in June, rising by 10.2 percent year-on-year (YoY), from 11.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Jump in corporate deposits takes balance to highest since Jan 2011
The Greek banking system’s private sector deposits grew strongly in June, with a net increase of 5.1 billion euros, after a 1.22-billion-euro drop in May, according to the latest Bank of Greece (BoG) figures released on Friday.