Macroeconomy
Trade deficit drops by 0.6 pct in October with aggregate increase at 1.4 pct
Greece’s trade deficit edged down by 0.6 percent year-on-year (YoY) in October compared to a sharp increase of 39.1 percent in September, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Turnover in tourism grows by 9.4 pct during Q3
The turnover index in accommodation and food services remained positive for an ninth continuous quarter in the third quarter (Q3) of the year, dropping to 9.4 percent from a revised increase of 11 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Unemployment at 18.6 pct in September as unemployed decline by 11.1 pct year-on-year
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a second consecutive month in September, coming to 18.6 percent compared to 18.9 percent in August, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
GDP shows annual growth of 2.2 pct in Q3
Greece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2018, after an upwardly revised increase of 0.4 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Tuesday.
Overdue social security contributions rise to 34.35 bln in Q3
The stock of unpaid social security contributions (SSCs) increased to 34.35 billion in the third quarter (Q3) of 2018, rising by 495 million compared to the figure of 33.86 billion euros registered in the second quarter (Q2) of 2018, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PMI picks up to 54 in November while production rises to eight-month high
Greece’s manufacturing PMI picked up to 54 points in November from 53.1 in October, staying over the 50-mark threshold for a full year and a half.
Retail turnover increases by 4.9 pct in September, volume rises 3.3 pct
Greece’s retail sales index increased by 4.9 percent in September after an upward revision to 5.2 percent for August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
New overdue taxes jump by 1.4 bln in Sept, with total stock exceeding 104 bln
The month-on-month rise in Greece's new tax debt came to 1.42 billion in September, jumping from August’s increase of 849 million, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday.
ESI up to 101.8 in November, consumer confidence rises for sixth straight month, jumping by 2.5 pts
Greece’s economic sentiment (ESI) rose by 0.8 points to 101.8 in November from 101 in October, European Commission (EC) figures revealed on Thursday.
October deposit inflows turn negative by 345.5 mln for first time since January
Net deposit movement in the Greek banking system turned negative in October with outflows of 345.5 million euros, after inflows of 101.1 million seen in September, Bank of Greece (BoG) figures revealed on Wednesday.