Macroeconomy
Capital controls to ease further from the beginning of September
Individuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015.
General govt primary cash surplus falls to 2.63 bln in six-month, arrears rise to 5.13 bln
Greece’s general government (gg) primary cash surplus fell by 807 million euros from the previous year to 2.63 billion in the first six months of 2017 according to the Finance Ministry’s (MoF) gg bulletin.
PMI stays at 50.5 in July with second positive reading in 11 months
Greece’s Manufacturing PMI stayed neutral in July according to Markit, posting over the 50.0 point no-change threshold for the second time since August 2016
May retail sales show slight rise of 0.4 pct, volume increases 0.3 pct
The turnover of Greece’s retail trade index increased marginally by 0.4 percent in May after a downwardly revised figure of 3.8 in April according to data from ELSTAT on Monday.
Overdue social security contributions increase 827 mln to 23.3 bln at end of Q2
The stock of unpaid social security contributions (SSCs) rose by 827 million to 23.32 billion euros at the end of the second quarter (Q2) of 2017, up from 22.49 billion at the end of the previous quarter.
Economic sentiment and consumer confidence climb in July after review conclusion
Greece’s economic sentiment (ESI) climbed by 4.2 points in July, after edging up by 0.8 points in the previous month, European Commission (EC) figures revealed on Friday.
Deposit inflows increase to 1.1 bln in June
The deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
The pace of credit contraction in the Greek market accelerated for the second successive month in June, reaching 1.3 percent, Bank of Greece (BoG) figures showed on Thursday.
Travel receipts edge up 1.7 pct in May on higher foreign arrivals
Greece's travel receipts edged up by 1.7 percent in May, decelerating from the 11.3 percent growth recorded in April, Bank of Greece (BoG) data revealed on Monday.
Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
The budget primary surplus was confirmed at 1.94 billion euros in the first half of 2017, up by 18.6 percent from last year’s figure of 1.63 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.