Macroeconomy
Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
The employment balance displayed net hirings of 76,591 in May 2016, down by 9,555 compared to the corresponding period last year, the Labour Ministry’s information system (Ergani) data showed on Wednesday.
BoG cautions on impact of tax rises, updates on rising NPEs
In its monetary policy report released on Wednesday, the Bank of Greece (BoG) says that it expects the completion of the first programme review will restore confidence, boost liquidity and improve the investment environment in the second half of the year, while a marginal recession of 0.3 percent is foreseen for 2016.
Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
Greek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement showed on Monday.
Building activity falls by 11.5 pct in March for third straight decline
Greek building permits decreased by 11.5 percent in March at a slightly slower pace compared to the drop of 12.2 percent recorded in February, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Unemployment rate eases to 24.1 pct in March, lowest in four years
Greece’s seasonally adjusted (SA) unemployment rate edged down further to 24.1 percent in March from 24.2 percent in February, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
CPI falls at decelerating pace of 0.9 pct in May
Τhe Greek Consumer Price Index (CPI) fell at a slower pace of 0.9 percent in May from a drop of 1.3 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Industrial production rebounds 2.8 pct in April
Greece’s Industrial Production Index (IPI) rebounded by 2.8 percent in April after dropping in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Car sales surge for second straight month, rising by 33 pct in May
The number of road motor vehicles (going into circulation for the first time) soared 33 percent in May following a strong rise of 24.5 percent in April, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday.
Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
The Turnover Index in Accommodation and Food Services fell for the second straight quarter by 11.7 percent in Q1 of 2016 after an upward revised 9.1 percent drop in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Trade deficit soars 21 pct in April for highest rise since Dec 2014
Greece’s trade deficit sharply rose by 21 percent in April after a 23.7 percent drop in March, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.