Macroeconomy
Consumer price index turns positive in February with 0.1 pct rise
Greece’s Consumer Price Index (CPI) increased by 0.1 percent in February, marginally rebounding from the negative territory of -0.2 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate at 20.8 pct in Dec as employed rise by 107,687 in 2017
Greece’s seasonally adjusted (SA) unemployment rate came to 20.8 percent in December, after November’ figure was revised upward to 21 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
Greece’s general government (gg) primary cash surplus amounted to 1.98 bln in January, up by 621 million compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg bulletin.
GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
Greece’s seasonally adjusted (SA) GDP grew by 0.1 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2017 after an upwards revised increase of 0.4 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.
PMI at 56.1 in February, most improved since June 2000
Greece’s Manufacturing PMI rose by 0.9 points to 56.1 in February, the ninth consecutive reading above the 50-mark threshold.
New measures to ease capital controls, lift restrictions on opening bank accounts
Additional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Wednesday.
Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
Greece’s retail sales rose by 2.2 percent year-on-year in December after November’s upwardly revised decline of 1.4 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Deposits turn negative in Jan with outflows of 1.40 bln
Net deposit movement in the Greek banking system turned negative in January with outflows of 1.40 billion euros compared to positive inflows of 2.54 billion euros in December, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction at 0.8 pct in January as household, corporate lending falls
Credit contraction in the Greek market remained unchanged at 0.8 percent in January, staying static for a fourth month, Bank of Greece (BoG) figures showed on Tuesday.
Economic sentiment at 104.3 pts in Feb, consumer confidence falls by 2 pts
Greece’s economic sentiment (ESI) continued to strengthen in February, increasing by 2.4 points to 104.3 compared to a reading of 101.9 in January, European Commission (EC) figures revealed on Tuesday.