Macroeconomy
Unemployment rate falls to new five-year low of 22.5 pct in March
Greece’s seasonally adjusted unemployment declined to 22.5 percent in March from a downwardly revised rate of 22.9 percent in February, ELSTAT's labour force survey revealed on Thursday.
Turnover in tourism sector up 1 pct in Q1 for third straight quarterly rise
The Turnover Index in Accommodation and Food Services increased for the third straight quarter by 1 percent in Q1 2017, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
BoG reveals number of indebted borrowers, details business NPEs
Following the most recent data on the qualitative characteristics of the non-performing exposures, BoG deputy governor Theodoros Mitrakos revealed important aspects of NPEs.
Net job hirings reach new high of 89,534 in May, 5-month figure a record
The employment balance stayed positive in May 2017 with net hirings climbing by around 13,000 to 89,534 from 76,591 a year ago, data from the Labour Ministry’s Ergani information system revealed on Wednesday.
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
In its latest Economic Outlook report the OECD notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven.
Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
Greek banks continued meeting their NPE reduction target in Q1 2017, the third quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed.
General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
Greece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed.
Deposit interest rates largely unchanged in April, average loan rate increases
Greek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April, Bank of Greece (BoG) figures showed on Friday.
Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
Seasonally adjusted GDP grew by 0.4 percent quarter-on-quarter in the first quarter of 2017, after a downwardly revised drop of 1.1 percent in the previous quarter.
Greek PMI rises to 49.6 in May as uncertainty continues to impact
Greece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth consecutive deterioration in Greek manufacturing sector conditions.