Macroeconomy
General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
Greece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening.
Minor fluctuations in deposit and loan interest rates in December
Greek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent in December after a higher drop by 5 bps in November, Bank of Greece (BoG) data displayed on Thursday.
Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
Greece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday.
New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP
Greece’s new tax debt exceeded the 1-billion mark in December as it climbed to 1.28 billion euros after a smaller increase of 890 million in November, General Secretariat of Public Revenues (GSPR) data revealed on Monday.
Economic sentiment stays stable at 95.1 in Jan, consumer confidence dives 3.4 pts
Greece’s economic sentiment (ESI) remained at 95.1 in January, unchanged from the previous month, the European Commission (EC) figures revealed on Monday.
Retail sales rise at an accelerating pace of 1.8 pct in Nov
The turnover of Greece’s retail trade index increased at the higher pace of 1.8 percent in November, from an upward revised 1.4 percent growth in October, Hellenic Statistical Agency (ELSTAT) data displayed on Monday.
PBO warns of recovery risks, fourth bailout and possible default
In its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead to a sustainable economic recovery.
Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
The rate of credit contraction in the Greek market accelerated to 1.5 percent in December after slowing to 1.3 percent in the previous month, Bank of Greece (BoG) figures displayed on Friday.
Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
The Greek market posted notable inflows of 2.8 billion euros in December from a marginal positive flow of 12 million in the previous month, Bank of Greece (BoG) figures revealed on Friday.
Greek households saw net financial wealth plummet by 37.5 pct during crisis
Τhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday.