Macroeconomy
Deposit outflow of 51.7 mln in September for banks
Deposit flows in the Greek banking system entered negative territory in September, showing a decline of 51.7 million against positive flows of 1.41 billion in August, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction eases to 0.8 pct in Sept
The pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9 percent in August, Bank of Greece (BoG) figures showed on Thursday.
Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
The stock of unpaid social security contributions rose to 30.53 billion euros at the end of Q3 of 2017, up from 23.32 billion at the end of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Budget primary surplus of 4.54 bln in 9-month below target despite underspend
The budget primary balance was confirmed at a surplus of 4.54 billion euros in the first nine months of 2017, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
Travel balance up by 18.5 pct in August as foreign arrivals increase
Greece’s travel receipts increased by 16.4 percent in August compared to the 5.3 percent increase noted in July, Bank of Greece (BoG) data revealed on Tuesday.
Revision sees 2016 fiscal surplus at 0.5 pct of GDP
As part Greece’s obligation in relation to the Excessive Deficit Procedure (EDP) notification of 2017, Greece’s statistical authority, ELSTAT, announced on Monday the revised fiscal data for the 2013–2016 period.
Strong travel balance brings current account surplus to 1.83 bln in August
Greece’s current account (C/A) balance recorded a surplus of 1.83 billion euros in August from 1.66 billion a year ago, Bank of Greece (BoG) figures showed on Monday.
Industrial turnover remains on growth path with 6.1 pct rise in Aug
Greece’s industrial turnover rose by 6.1 percent in August, following an 8.9 percent rise in July, according to Hellenic Statistical Authority (ELSTAT) data published on Friday.
Primary cash surplus at 1.75 bln as expenditure rises in Sept
Greece’s central government primary cash balance came to a surplus of 1.75 billion euros in the first nine months of 2017, compared to a surplus of 4.05 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Thursday.
Revised GDP data shows recession for 2016, higher growth in 2014
According to the Hellenic Statistical Authority’s (ELSTAT) second estimate for the 2016 Annual National Accounts, Greece found itself in a marginal recession of 0.2 percent in real terms last year.