Macroeconomy
Banks meet NPE reduction targets in Q3, adjust targets for next two years
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third quarter (Q3) of 2017 according to the fifth quarterly report on operational targets for NPEs published by the Bank of Greece.
GDP growth slows in Q3 amid lower 2017 forecasts
Greece’s seasonally adjusted (SA) GDP grew by 0.3 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2017 after an upwards revised increase of 0.8 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.
Folli Follie revenues grow by 8.8 pct in nine-month results
Jewellery and fashion accessory designer and retailer Folli Follie has reported an 8.8 percent increase year-on-year in revenues in their nine-month results.
November PMI at 52.2 as new business growth hits 45-month high, hirings reach 18-year peak
Greece’s Manufacturing PMI marginally increased by 0.1 points in November to 52.2, with the index remaining above the 50-mark threshold for the sixth consecutive month.
Retail sales drop by 0.7 pct in September after upward revision for August
Greece’s retail sales fell by 0.7 percent year-on-year in September after upwardly revised growth of 0.4 percent in August, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Slight uptick for economic sentiment and consumer confidence in November
Greece’s economic sentiment (ESI) edged up by 0.1 points in November to 98.4 from 98.3 in October, yet remained below the 100-point mark it surpassed temporarily in September, European Commission (EC) figures revealed on Monday.
OECD sees growth picking up, warns about society and financial sector
The Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year.
Deposit inflows of 1.04 bln in October for banks
Deposit flows in the Greek banking system showed positive inflows of 1.04 billion in October, reversing outflows of 47.2 million seen in September, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction deepens slightly to 0.9 pct in October
Credit contraction in the Greek market increased slightly by 0.9 percent in October, compared to a contraction of 0.8 percent in September, Bank of Greece (BoG) figures showed on Tuesday.
Office prices slip by 0.7 percent in first half of 2017
Office prices in Greece fell by 0.7 percent in the first half (H1) of 2017 compared to the same period last year, Bank of Greece (BoG) data showed on Monday.