Macroeconomy
Drop in CPI slowed to 0.7 pct in June
Τhe Greek Consumer Price Index (CPI) fell by 0.7 percent in June after a 0.9 percent drop in May, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Unemployment rate falls again, reaching 23.3 pct in April - lowest since March 2012
Greece’s seasonally adjusted (SA) unemployment rate fell for the third straight month in April, when it declined to 23.3 percent from a downward revised 23.7 percent in March, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
Greece’s general government (gg) primary cash surplus substantially widened by almost 5.5 times to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry (MoF) gg bulletin displayed on Thursday.
Minor changes in Greek deposit and lending interest rates in May
Greek households’ new time deposit rate slightly eased for the fifth straight month in May, when they fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG) data displayed on Tuesday.
PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
Greece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday.
Retail sales down 3.9 pct in April for eleventh successive month
The turnover of Greece’s retail trade index fell by 3.9 percent in April marginally slower than the revised 4 percent drop in March, Hellenic Statistical Agency (ELSTAT) figures displayed on Thursday.
Economic sentiment stable at 89.7 pts in June, consumer confidence rises again
Greece’s economic sentiment (ESI) remained stable at 89.7 in June, the European Commission (EC) figures displayed on Wednesday.
Tourism and exports expect impact from Brexit fallout
Although the effect from Brexit is likely to be rather small and limited on Greek economy, according to Bank of Greece (BoG) sources, some sectors could feel an imminent impact from the recent turmoil in the UK.
Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
Greece’s budget primary surplus was confirmed at 2.28 billion euros in the 5-month period of 2016, which was significantly higher than last year’s figure of 1.51 billion, according to the Finance Ministry’s (MoF) final budget execution bulletin released on Monday.
Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
Greek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April, Bank of Greece (BoG) figures displayed on Monday.