Macroeconomy
Industrial production up by 1.1 pct in Dec and 1 pct overall in 2018
Greece’s Industrial Production Index (IPI) grew year-on-year (YoY) by 1.1 percent in December from an upward revised figure of 4.2 percent in November, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Trade deficit grows by 5.1 pct in Dec, full-year increase comes to 1.1 pct
Greece’s trade deficit rose by 5.1 percent year-on-year (YoY) in December, falling slightly against the rise of 5.7 percent seen in November, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed.
Unemployment rate at 18.5 pct in Nov as jobless drop below 900,000
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a fourth consecutive month in November and came to 18.5 percent from a slightly upward revision of 18.7 percent in October, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target
Greece’s general government (gg) primary cash surplus came to 5.63 billion euros across 2018, down by 593 million euros compared to 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
PMI at 53.7 in Jan as manufacturers remain confident for year ahead
Greece’s manufacturing PMI edged down slight to 53.7 points in January from 53.8 points in December, staying over the 50-mark threshold for 20 consecutive months.
Retail turnover up by 4 pct in Nov, volume rises by 3.2 pct
Greece’s retail sales index rose by 4 percent in November against a slightly downward revised fall of 2.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Jan economic sentiment at 99.6 as consumer confidence posts best reading since 2009
Greece’s economic sentiment (ESI) was down by 1.3 points to 99.6 in January compared to a reading of 100.9 points in December 2018, European Commission (EC) figures revealed on Wednesday.
Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
Greece’s tourism industry, which weathered the country’s economic crisis relatively well, has remained a strong revenue generator with aggregate figures for the nine-month (9M) period showing that the year already surpassed arrival predictions.
December deposit inflows hit six-year high of 3.15 bln
Net deposit movement in the Greek banking system turned strongly positive in December with inflows of 3.15 billion compared to outflows of 79.4 million in November, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction at 1.1 pct in Dec, loans to enterprises increase by 1.09 bln MoM
Credit contraction in the Greek market came to 1.1 percent in December compared to a contraction of 1.4 percent seen in November, Bank of Greece (BoG) figures showed on Monday.