Macroeconomy
Trade deficit jumps by 31.3 pct in August as imports outpace exports
Greece’s trade deficit increased by 31.3 percent in August after a rise of 5.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment falls to 21 pct in July, lowest since Nov 2011
Greece’s seasonally adjusted (SA) unemployment fell to 21 percent in July after an upwardly revised figure of 21.3 percent in June, the Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
Draft budget highlights taxpayer fatigue, creates policy mix doubts
The draft 2018 budget submitted to Parliament on Monday is the first formal confirmation by the Finance Ministry that revenues figures are starting to reveal signs of fatigue among taxpayers.
General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
Greece’s general government (gg) primary cash surplus rose by 509 million euros from the previous year to 4.51 billion in the first eight months of 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
Athens outlines 2018 debt management plan for post-bailout era
In the draft 2018 budget submitted to Parliament on Monday, the Greek government outlined parts of its strategy for debt management next year and in the post-programme era.
Draft budget sees stronger growth, fiscal targets being met
The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
PMI rises to 52.8 in Sept, highest since June 2008
Greece’s Manufacturing PMI increased by 0.6 points in September to stand at 52.8, up from August’s figure of 52.2.
Retail sales continue their rise in July as consumer confidence improves
Greece’s retail sales increased by 1.6 percent on an annual basis in July after a marginal 3.2 percent rise in June, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday.
Economic sentiment breaks 100-point mark in Sept, consumer confidence up by 3.3 pts
Greece’s economic sentiment (ESI) continued its positive trend in September, rising by 1.6 points compared to August’s increase by 0.8 points, European Commission (EC) figures revealed on Thursday.
Deposit inflows rise to 1.41 bln in August, highest for 2017
The positive deposit flow in the Greek banking system picked up pace in August to 1.41 billion euros from 928 million in July, Bank of Greece (BoG) figures revealed on Wednesday.