Macroeconomy
Trade deficit rises 14.3 pct in Feb as exports fall for 10th month
Greece’s trade deficit increased by 14.3 percent in February after declining in the three previous months, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Greece seeks to finalise 1 pct of GDP in new tax measures to close review
The Greek government appears to have prepared proposals for a range of tax measures to discuss with the mission chiefs in Athens as efforts to close the programme review intensify.
Greek tourism's long-term growth prospects are good, report shows
The direct contribution of travel and tourism to Greek GDP reached 13.3 billion euros (7.6 percent) in 2015 and is estimated to fall by 0.5 percent to 13.2 billion in 2016, according to the annual economic report of the World Travel and Tourism Council (WTTC).
Greek corporate lending rates up to 250 bps higher than eurozone average
Greek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed on Monday.
PMI rebounds 0.6 pts to 49 in March but remains below 50-point mark in Q1
Greece’s Manufacturing PMI improved 0.6 points to 49 in March from 48.4 in February, Markit’s survey showed on Friday.
Wages index edges up 0.4 pct in Q4 of 2015
The seasonally adjusted (SA) Wages Index rebounded 0.4 percent in the fourth quarter (Q4) of 2015 after a revised drop of 0.5 percent in Q3, according to Hellenic Statistical Authority (ELSTAT) figures released on Thursday.
Retail sales down by 3.8 pct in Jan for eighth straight fall
The turnover of Greece’s retail trade index continued heading south for the eighth straight month in January, when it dropped at an accelerating pace of 3.8 percent after a marginal fall of 0.2 percent in December, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday.
Economic sentiment rebounds in March, consumer confidence nosedives
Greece’s economic sentiment improved by 1.1 points to 90.1 in March after a drop of 2.6 points in February, European Commission (EC) data showed on Wednesday.
Deposit outflows for second straight month in February, at 548 mln
Greek private sector deposits headed south for the second straight month in February, with outflows easing to 548 million euros from 1.12 billion in January, Bank of Greece (BoG) data showed on Tuesday.
Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
Greek bank credit contraction accelerated for the second successive month in February to 2.3 percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday.