Macroeconomy
Credit contraction at 0.2 pct in October, balance at 156.63 bln
Credit contraction in the Greek market came to 0.2 percent in October from 0.5 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits rise by 643 mln in October
Net deposit movements in the Greek banking system were positive by 643 million euros in October, following outflows of 622 million in September, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment at 107 in November, consumer confidence continues to strengthen
Greece’s economic sentiment (ESI) edged up by 0.3 points in November to reach 107 points, European Commission (EC) figures showed on Thursday.
October budget primary surplus confirmed at 5.74 bln
The budget primary balance recorded a surplus of 5.74 billion euros in the first 10 months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the final Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
Following the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.
Travel balance up by 15.3 pct in September
Greece’s travel balance rose to 2.63 billion euros in September from 2.28 billion a year ago, Bank of Greece (BoG) data has shown.
Primary cash balance surplus at 5.56 bln in October
Greece’s central government primary cash balance recorded a surplus of 5.56 billion euros in the first 10 months of the year according to figures released by the Bank of Greece (BoG).
Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years
Greece’s central government debt fell by 2.67 billion euros to 353.85 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019, from 356.55 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Current account shows surplus of 886.6 bln in September, aggregate figure almost balanced
Greece’s current account (C/A) balance came to a surplus of 886.6 million in September, dropping from a surplus of 1.87 billion in August, Bank of Greece (BoG) figures released on Wednesday showed.
Industrial turnover edges down by 0.5 pct in September
Greece’s industrial turnover edged down by 0.5 percent year-on-year (YoY) in September following a slightly revised decrease of 8.2 percent in August, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.