Macroeconomy
PMI at 52.1 in October, dropping slightly from previous month
Greece’s Manufacturing PMI dipped slightly by 0.7 points in October to 52.1. Although the latest headline figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth consecutive month.
General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
Greece’s general government (gg) primary cash surplus amounted to 5.34 billion in the first nine months of 2017, up marginally (by 3 million euros) compared to the same time last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Retail sales drop by 0.3 pct in August, first negative reading for the year
Greece’s retail sales fell by 0.3 percent year-on-year in August after revised growth of 1.8 percent in July, according to data published by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
Economic sentiment at 98.3 pts in October, consumer confidence drops -0.3 pts
Greece’s economic sentiment (ESI) remained in positive territory in October but slipped under the 100-point mark to 98.3 compared to 100.6 points in September, European Commission (EC) figures revealed on Monday.
Disposable income grows by 0.2 pct in Q2 on higher remuneration, consumption rises
Greek household disposable income grew by 0.2 percent in the second quarter (Q2) of 2017, after edging down by 0.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Deposit outflow of 51.7 mln in September for banks
Deposit flows in the Greek banking system entered negative territory in September, showing a decline of 51.7 million against positive flows of 1.41 billion in August, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction eases to 0.8 pct in Sept
The pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9 percent in August, Bank of Greece (BoG) figures showed on Thursday.
Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
The stock of unpaid social security contributions rose to 30.53 billion euros at the end of Q3 of 2017, up from 23.32 billion at the end of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Budget primary surplus of 4.54 bln in 9-month below target despite underspend
The budget primary balance was confirmed at a surplus of 4.54 billion euros in the first nine months of 2017, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
Travel balance up by 18.5 pct in August as foreign arrivals increase
Greece’s travel receipts increased by 16.4 percent in August compared to the 5.3 percent increase noted in July, Bank of Greece (BoG) data revealed on Tuesday.