Macroeconomy
GDP rises by 0.2 pct QoQ in Q1, increases by 1.3 pct YoY
Greece’s seasonally adjusted (SA) GDP increased by 0.2 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2019 after a decline of -0.1 percent seen in Q4 2018, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
PMI eases to 54.2 in May as exports continue to rise
Greece’s manufacturing PMI dropped to 54.2 points in May from 56.6 points in April according to the latest data from Markit PMI.
Retails sales up by 5.1 pct in Mar after three-month slump
Greece’s retail sales index jumped by 5.1 percent in March, following a 2.3 percent drop in February according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Credit contraction falls to 0.1 pct in April, balance at 161.82 bln
Credit contraction in the Greek market edged down to 0.1 percent in April from 0.6 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
Deposits up by 1.54 bln in April, rising for second consecutive month
Net deposit movement in the Greek banking system turned positive by 1.54 billion in April after inflows of 1.22 billion euros in March, Bank of Greece (BoG) figures revealed.
Economic sentiment shows slight rise to 100.8 in May
Greece’s economic sentiment (ESI) edged up by +0.3 points in May to 100.8 points, European Commission (EC) figures revealed on Tuesday.
Budget primary surplus confirmed at 1.46 bln in April, above target by 2.31 bln on higher revenues
The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) final budget execution bulletin confirmed on Monday.
Travel balance at 94.8 mln in Mar and 211.9 mln in three-month period
Greece’s travel balance edged down by 94.8 million in March from 95.1 million a year ago, Bank of Greece (BoG) data has shown.
April hirings balance positive by 110,895, aggregate balance highest on record
The employment balance was positive in April with 110,895 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
OECD lowers growth forecast, warns Athens to maintain fiscal credibility
The OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years.