Macroeconomy
Unemployment rate falls to 23.1 pct in September, lowest since March 2012
Greece’s seasonally adjusted (SA) unemployment rate edged down to 23.1 percent in September from a downward revised 23.3 percent in August, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Turnover in tourism sector rebounds 2.6 pct in Q3
The Turnover Index in Accommodation and Food Services resumed an upward trend in the third quarter (Q3) of 2016, rising by 2.6 percent after an upward revised drop of 1.3 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Revenues beat target for third successive month in November
Greek budget revenues beat their target, albeit marginally, for the third straight month in November, General Secretariat of Public Revenues (GSPR) figures revealed on Tuesday.
General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln
Greece’s general government (gg) primary cash surplus expanded by 1.37 billion euros to 6.08 billion in the 10-month period of 2016 from 4.71 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday evening.
Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
Greek households’ new time deposit rate dropped for the second straight month, albeit at a slower pace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank of Greece (BoG) data displayed on Friday.
PMI drops for third straight month to hit one-year low of 48.3 in Nov
Greece’s Manufacturing PMI fell for the third successive month, albeit at a slower pace of 0.3 points in November after a drop by 0.6 points in October, the Markit survey displayed on Thursday.
Collapse of DESFA tender adds to Greece’s privatisation challenges
The Energy Ministry confirmed via a press release issued on Wednesday afternoon that the privatisation process of the Hellenic Gas Transmission System Operator (DESFA) has been cancelled after the preferred bidder, the Azeri SOCAR, did not extend its letter of guarantee.
Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
The Bank of Greece (BoG) published on Wednesday its first report on the operational targets for non-performing exposures (NPEs).
Retail sales rebound for second time in last three months by 1.7 pct in September
The turnover of Greece’s retail trade index increased by 1.7 percent in September after a downward revised drop of 2.5 percent in August, Hellenic Statistical Agency (ELSTAT) figures displayed on Wednesday.
Report shows Greek tax burden increased in 2015, remaining above OECD average
The latest OECD report on Revenue Statistics published on Wednesday revealed Greece’s tax burden increased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above the OECD average of 34.3 percent for the third successive year.