Macroeconomy
Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
Credit contraction in the Greek market slightly accelerated to 1.7 percent in August from 1.6 percent in the previous month, Bank of Greece (BoG) figures displayed on Friday.
Deposits grow by 1.3 bln in August, highest inflow in 2016
Deposit flow in the Greek market turned positive with inflows of 1.33 billion in August from outflows of 153 million in July, Bank of Greece (BoG) figures showed on Tuesday. The headline figure indicates the highest positive flow in the course of this year.
Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
Greece’s budget primary surplus slipped 1.2 percent to 3.75 billion euros in the 8-month period of 2016 from 3.8 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln
Greece’s central government primary cash surplus dropped by 660 million euros to 2.41 billion in the 8-month period of 2016 from 3.07 billion a year ago, Bank of Greece (BoG) figures displayed on Friday.
Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
Greece's travel receipts dropped for the fourth successive month in July, albeit at a slower pace of 3.5 percent, after a decrease by 5.4 percent in June, Bank of Greece (BoG) figures displayed on Wednesday.
Budget primary surplus of 3.8 bln to Aug beats target by wide margin
Greece’s budget primary surplus edged down 1.1 percent to 3.76 billion euros in the 8-month period of 2016 from 3.8 billion in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
Current account surplus falls to 1.4 bln in July
Greece's current account (C/A) surplus narrowed by 1.07 billion euros, or 42.8 percent, to 1.43 billion in July 2016 from 2.51 billion last year, Bank of Greece (BoG) figures showed on Tuesday.
Industrial turnover sees 21st straight month of decline with 5.9 pct fall in July
Greece’s Turnover Index in Industry dropped by 5.9 percent in July after a downward revised 8.2 percent decline in June, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
State clears 440 mln in arrears to private sector in July
In its first bulletin on the transfers and payments of general government arrears since the government came to power in January, the Finance Ministry (MoF) has set out how these debts are being paid following the conclusion of the first programmer review.
Wages index sees strong rebound of 4.6 pct in Q2
The seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures displayed on Friday.