Macroeconomy
Turnover in tourism grows by 2.8 pct during Q4 and 9 pct in 2018
The turnover index in accommodation and food services remained positive for a seventh continuous quarter in the fourth quarter (Q4) of the year, with an increase of 2.8 percent (ELSTAT) figures showed on Thursday.
Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
Greece’s seasonally adjusted (SA) GDP fell by 0.1 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018 after an upwards revised increase of 1 percent in the previous quarter, provisional estimates from ELSTAT revealed on Thursday.
Unemployment rate falls to 18 pct in Dec, lowest since July 2011
Greece’s seasonally adjusted (SA) unemployment rate continued its downward path in December and came to 18 percent after a slightly downward revised 18.3 percent in November, from 18.5 percent previously, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Apartment prices up by 2.5 pct in Q4 and 1.5 pct in 2018 as property recovery solidifies
The nominal value of apartments in Greece during the fourth quarter (Q4) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Tuesday.
Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month
Greek banks’ Eurosystem funding declined by 1.16 billion euros month-on-month (MoM) in December, the Bank of Greece's (BoG) final financial statement for 2018 has revealed.
PMI at 54.2 in Feb as new clients and overseas orders spur growth
Greece’s manufacturing PMI increased to 54.2 points in February from 53.7 points in January, staying over the 50-mark threshold for close to two years.
Retail turnover rises by 0.5 pct in Dec, with 2018 average increase at 2.1 pct
Greece’s retail sales index edged up by 0.5 percent in December following a downward revised increase of 3.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Credit contraction at 1.1 pct in Jan, balance at 169.42 bln
Credit contraction in the Greek market came to 1.1 percent in January, unchanged from December, Bank of Greece (BoG) figures showed on Wednesday.
January deposit movement negative by 1.55 bln
Net deposit movement in the Greek banking system was negative in January with outflows of 1.55 billion compared to strong inflows of 3.15 billion in December, Bank of Greece (BoG) figures revealed on Wednesday.
Economic sentiment at 101.3 in Feb, retail trade improves while consumer confidence dips
Greece’s economic sentiment (ESI) rose by 1.7 points to 101.3 in February compared to a reading of 99.6 in January, European Commission (EC) figures revealed on Wednesday.