Macroeconomy
PMI slows to 53.1 in October, orders and employment remain strong
Greece’s Manufacturing PMI declined slightly to 53.1 points in October from 53.6 points in September, staying over the 50-mark threshold for 17 months.
Retail turnover increases by 4.3 pct in August, volume rises 3.2 pct
Greece’s retail sales index increased by 4.3 percent in August, a slight increase from July’s figure of 4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points
Greece’s economic sentiment (ESI) fell by 0.3 points to 101 in October compared to September, European Commission (EC) figures revealed on Tuesday.
Disposable income grows by 3.3 pct in Q2
Greek household disposable income grew by 3.3 percent year-on-year in the second quarter (Q2) of 2018, picking up from the increase of 2.1 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Deposit inflows come to 102 mln in September, slowing from recent months
Net deposit movement in the Greek banking system remained positive in September with inflows of 102 million euros, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction slows to 1.3 pct in Sept, balance at 176.83 bln
Credit contraction in the Greek market came to 1.3 percent in September compared to a contraction of 1.5 percent in August, Bank of Greece (BoG) figures showed on Thursday.
Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
The budget primary balance was confirmed a surplus of 4.80 billion euros in the first nine months of 2018, according to the final preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Wednesday
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
Greece’s travel balance rose by 1.4 percent in August, following a 15.9 percent rise in July, Bank of Greece (BoG) data revealed on Tuesday.
August current account shows surplus of 1.56 bln as deficit in primary income account grows
Greece’s current account (C/A) balance recorded a surplus of 1.56 billion euros in August, slightly lower than the figure of 1.58 billion euros in July, Bank of Greece (BoG) figures showed on Monday.