Macroeconomy
Primary cash surplus at 2.88 bln in Oct on higher expenditure, arrears payments
Greece’s central government primary cash balance came to a surplus of 2.88 billion euros in the first ten months of 2017, compared to a surplus of 3.97 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Friday.
Fall in apartment prices continues with slower decline of 0.6 pct in Q3
The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data showed on Thursday.
Capital controls to be loosened further, restrictions on foreign cash removed
Additional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Tuesday.
Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
The budget primary balance recorded a surplus of 5.36 billion euros in the first ten months of 2017, increasing by 10.2 percent against last year’s figure of 4.86 billion euros, the Finance Ministry preliminary budget execution bulletin showed on Tuesday.
Eurosystem funding falls by 4.38 bln in October as ELA declines
Greek banks’ Eurosystem funding fell by an additional 4.38 billion euros in October, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
Building activity drops by 5.2 pct in August
Building permits went down by 5.2 percent in August, falling at a greater rate than the drop of 2.4 percent seen in August, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Net job hirings balance turns negative by 98,420 in October
The employment balance turned negative in October as hirings fell short of departures by 98,420, data from the Labour Ministry’s Ergani information system revealed.
EC sees lower growth in 2017 but no concerns for fiscal targets
The European Commission remains optimistic about the Greek economy’s prospects in its Autumn forecasts, which were released on Thursday.
Industrial production grows by 2.4 pct in Sept
Greece’s Industrial Production Index (IPI) increased by 2.4 percent in September after a mild downward revision of August’s figure to 5.5 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
CPI grows by 0.7 pct in October, positive for 10 successive months
Greece’s Consumer Price Index (CPI) rose by 0.7 percent in October, posting a slight decline from the 1 percent rise of September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.