Macroeconomy
New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
Greece’s new tax debt rose by 610 million in May, increasing slightly from April’s rise of 599 million, data from the Independent Authority of Public Revenues (IAPR) has shown.
Retail sales up by 0.8 pct in April while volume rises by 1.3 pct
Greece’s retail sales index increased by 0.8 percent in April, slowing down from growth of 1.2 percent noted in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment at 102.5 in June as improvement in subindexes slows
Greece’s economic sentiment (ESI) declined by 1.7 points in June and came to 102.5 versus the reading of 104.2 in May, European Commission (EC) figures revealed on Thursday.
Deposits positive for fourth month as May sees inflows of 919.4 mln
Net deposit movement in the Greek banking system remained positive with inflows of 919.4 million in May versus inflows of 870.1 million in April, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction unchanged at 1.9 pct in May, balance at 179.34 bln
Credit contraction in the Greek market remained at 1.9 percent in May, unchanged from April, according to Bank of Greece (BoG) figures released on Wednesday.
May budget primary surplus confirmed at 1.53 bln as revenues rise, PIB spending falls
The budget primary balance was confirmed at a surplus of 1.53 billion euros in the first five months of 2018, the Finance Ministry (MoF) final budget execution bulletin for May showed on Monday.
Travel balance down by 29 pct in April as receipts slump
Greece’s travel balance fell by 29 percent year-on-year (YoY) in April, dropping into negative territory after March’s growth of 48.30 percent, Bank of Greece (BoG) data revealed on Thursday.
April current account deficit at 1.34 bln as goods deficit grows
Greece’s current account (C/A) balance recorded a deficit of 1.34 billion euros in April, deepening from March’s deficit of 955.8 million, Bank of Greece (BoG) figures showed on Wednesday.
Industrial turnover rises by 6.7 pct in April for fourth positive reading
Greece’s industrial turnover reflected a strong increase in April with growth of 6.7 percent after March’s figure was revised upward to 3.7 percent, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.
Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
Greece’s central government primary cash balance recorded a surplus of 6.40 billion euros in the first five months of the year, Bank of Greece (BoG) figures showed on Monday.