Macroeconomy
Unemployment edges down again in June, falling to 17 pct
Greece’s seasonally adjusted (SA) unemployment rate came to 17 percent in June from a downward revised rate of 17.1 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
Greece’s seasonally adjusted (SA) GDP increased by 0.8 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2019 after an increase of 0.2 percent in Q1, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Q2 rise of 7.7 pct in apartment prices marks 12-year high
The rise in the nominal value of apartments in Greece came to 7.7 percent year-on-year (YoY) in the second quarter (Q2) of 2019 from an upward revised increase of 4.9 percent in Q1, Bank of Greece (BoG) data showed on Monday.
PMI edges up to 54.9 in August as production, new orders soar
Greece’s manufacturing PMI rose to 54.9 points in August from 54.6 points in July, according to the latest data from Markit PMI.
Retail turnover rises by 2.3 pct in June, volume up by 2.3 pct
Greece’s retail sales index increased by 2.3 percent in June, following a slightly upward revised drop of 1.9 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Consumer confidence hits 19-year high, ESI highest since 2007
Greece’s economic sentiment (ESI) strengthened by 3.1 points in August to reach 108.4 points, European Commission (EC) figures showed on Thursday.
Credit contraction at 0.1 pct in Jul, balance at 160.33 bln
Credit contraction in the Greek market edged down to 0.1 percent in July from 0.2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.
Deposits rise by 1.60 bln in July
Net deposit movement in the Greek banking system stayed positive by 1.60 billion euros in July following an increase of 1.77 billion euros in June, Bank of Greece (BoG) figures revealed on Wednesday.
Budget primary surplus confirmed at 1.76 mln in July as revenues overtake expenditure
The budget primary balance recorded a surplus of 1.76 million euros in the first seven months of 2019, compared to a surplus of 926 million noted in July 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
Greece’s general government (gg) primary cash surplus came to 1.78 billion euros in the first six months of the year, up by 263 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.