Macroeconomy
Trade deficit falls by 0.8 pct in December, total imports outpace exports for 2017
Greece’s trade deficit fell by 0.8 percent in December, slowing from November’s decline of 11.5 percent according to data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday.
General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
Greece’s general government (gg) primary cash surplus amounted to 5.93 billion euros in the in the full year of 2017, up by 1.07 billion compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg bulletin.
Overdue social security debt reaches 31.3 bln in Q4, collected revenues beat annual target
The stock of unpaid social security contributions (SSCs) rose to 31.29 billion euros in the fourth quarter (Q4) of 2017, up from 30.53 billion euros at the end of Q3, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PMI up to 55.2 in January, highest since October 2007
Greece’s Manufacturing PMI increased strongly by 2.1 points in January to 55.2, remaining above the 50-mark threshold for the eighth month in a row.
Total overdue tax obligations rise to 101.86 bln in Dec, new debt up by 1.30 bln
Greece’s new tax debt rose by 1.30 billion euros in December, rising from November’s figure of 1.19 billion, data from the Independent Authority of Public Revenues’ (IAPR) has revealed.
Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
Greece’s retail sales fell by 1.7 percent year-on-year in November after October’s revised decline of 0.7 percent, according to data published by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
Economic sentiment at 101.9 pts in Jan, consumer confidence dips by 0.7 pts
Greece’s economic sentiment (ESI) got off to a positive start in 2018 and rose by 0.6 points to 101.9 in January from an upwardly revised reading of 101.3 in December, European Commission (EC) figures revealed on Tuesday.
Banks receive deposit inflows of 2.54 bln in December
The Greek banking system experienced positive inflows of 2.54 billion euros in December compared to inflows of 272.9 million in November, Bank of Greece (BoG) figures revealed on Friday.
Credit contraction remains at 0.9 pct in December
Credit contraction in the Greek market remained unchanged at 0.9 percent in December, staying static for a third month, Bank of Greece (BoG) figures showed on Friday.
Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
The budget primary balance was confirmed at a surplus of 1.94 billion euros across the full 12 months of 2017, down by 30.1 percent against the figure for 2016, the Finance Ministry (MoF) final budget execution bulletin showed on Wednesday.