Macroeconomy
Eurosystem funding down by 3.29 bln to 13.02 bln in July
Greek banks’ Eurosystem funding declined by 3.29 billion month-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed.
Trade deficit up by 30.9 pct in June as imports grow faster than exports
Greece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
General govt primary cash surplus at 1.45 bln in June as expenditure picks up
Greece’s general government (gg) primary cash surplus came to 1.45 billion euros in the first six months of the year, down by 1.15 billion euros compared to the first half of 2017, according to the Finance Ministry’s (MoF) monthly gg bulletin.
PMI at 53.5 pts in July as optimism holds, export orders slow down
Greece’s Manufacturing PMI remained unchanged at 53.5 pointσ in July, staying over the 50-mark threshold for 14 straight months as confidence continues to strengthen.
New overdue taxes rise by 428 mln in June, total stock above 102 bln
Greece’s new tax debt’s month-on-month rise came to 428 million in June, slowing from May’s rise of 610 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
Retail index jumps 5.3 pct in May led by fuel and supermarket sale
Greece’s retail sales index increased by 5.3 percent in May, accelerating from the growth of 0.8 percent noted in April, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Economic sentiment reaches 105.3 in July, highest since June 2014
Greece’s economic sentiment (ESI) rose by 2.8 points to 105.3 versus the reading of 102.5 in June, European Commission (EC) figures revealed on Monday.
Deposits inflows in June reach 1.36 bln for fifth month of positive readings
Net deposit movement in the Greek banking system remained positive with inflows of 1.36 billion in June, building on inflows of 919.4 million in May, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction at 1.2 pct in June, balance at 178.87 bln
Credit contraction in the Greek market softened to 1.2 percent in June from a contraction of 1.9 percent in May, Bank of Greece (BoG) figures released on Wednesday showed.
Disposable income grows by 2.1 pct in Q1, gross savings continue to shrink
Greek household disposable income grew by 2.1 percent year-on-year in the first quarter (Q1) of 2018, picking up from the increase of 0.4 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.