Macroeconomy
Industrial production falls by 2 pct in February
Greece’s Industrial Production Index (IPI) declined by 2 percent in February after a 1.2 percent fall in January, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
Rising exports drive 16.6 pct contraction of February trade deficit
Greece’s trade deficit fell by 16.6 percent in February, shrinking further compared to January’s decline of 14.8 percent, according to data from the Hellenic Statistical Authority (ELSTAT) released on Thursday.
Job hirings outpace departures by 55,494 in March
The employment balance strengthened in March as hirings outpaced departures by 55,494, data from the Labour Ministry’s Ergani information system revealed.
General govt primary cash surplus at 3.26 in Feb, arrears up by 237 mln
Greece’s general government (gg) primary cash surplus amounted to 3.26 billion in the first two months of 2018, up by 809 million compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg bulletin.
Less than 10 pct of 99.97 bln overdue taxes deemed collectible by authorities
The annual report by Independent Authority of Public Revenues’ (IAPR) for 2017 revealed that the overwhelming majority of those who owed taxes to the state at the end of 2017 owe sums of 500 euros and under.
PMI at 55 pts in March, slowing from Feb but above 50 for tenth month
Greece’s Manufacturing PMI dipped by 1.1 points to 55 in March, the tenth consecutive reading above the 50-mark threshold.
Retail sales rise by 0.7 pct in Jan, volume up by 1.5 pct
Greece’s retail sales rose by 0.7 percent year-on-year in January after December’s increase was revised down to 2 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Friday.
Lamda Development net losses deepen to 43.7 mln in 2017
Property developer Lamda Development’s full-year results for 2017 show a net loss of 43.7 million euros compared to a loss of 3.1 million in 2016.
Banks meet NPE targets in Q4, reduction at highest rate since start of crisis
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the fourth quarter (Q4) of 2017 according to the sixth quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Thursday afternoon.
Credit contraction at 1 pct in February on lower household, and corporate lending
Credit contraction in the Greek market deepened by 1 percent in February from a contraction of 0.8 percent in January according to Bank of Greece (BoG) figures released on Tuesday.