Macroeconomy
General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln
Greece’s general government (gg) primary cash surplus came to 1.98 billion euros in the first three months of the year, down by 556 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Industrial production drops by 2.7 pct in Mar
Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 2.7 percent in March compared to an upward revised increase of 3 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Trade deficit jumps by 28.1 pct in March
Greece’s trade deficit rose substantially by 28.1 percent year-on-year (YoY) in March, compared to a drop of 3.5 percent in February, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
CPI rises by 1 pct in April
Greece’s Consumer Price Index (CPI) increased by 1 percent in April following a rise of 0.9 percent in March, Hellenic Statistical Authority (ELSTAT) said on Friday.
Unemployment for Feb comes to 18.5 pct
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a seventh consecutive month in February and came to 18.5 percent from a slightly upward revision of January’s rate to 18.6 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
The European Commission (EC) issued on Tuesday its regular spring forecasts for 2019, which showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter forecast.
Deposit movement turns positive by 1.28 bln in March
Net deposit movement in the Greek banking system turned positive by 1.28 billion in March compared to negative outflows of 789 million euros in February, Bank of Greece (BoG) figures revealed.
PMI rises to 56.6 in April, marking 19-year high
Greece’s manufacturing PMI increased to 56.6 points in April from 54.7 points in March, according to the latest data from Markit PMI.
Primary surplus confirmed at 1.44 mln in Mar
The budget primary balance was confirmed at a surplus of 1.44 billion euros in the first three months of 2019, compared to a surplus of 1.88 billion noted in March 2018, the Finance Ministry (MoF) final budget execution bulletin showed this week.
Credit contraction remains at 0.6 pct in March, balance at 165.02 bln
Credit contraction in the Greek market stayed at 0.6 percent in March, remaining at the same rate as February, Bank of Greece (BoG) figures showed on Tuesday.