Macroeconomy
Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
Greek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
Car sales increase by 43.5 pct in March and 35.6 pct in Q1
Road motor vehicles (going into circulation for the first time) continued heading north soaring by 43.5 percent in March after a broadly similar rise of 43.1 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Industrial production rises at record high rate of 10.8 pct in Feb
The Greek Industrial Production Index (IPI) increased at a faster pace of 10.8 percent in February after a downward revised rise of 7.1 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
CPI rises at a faster pace of 1.7 pct in March
Τhe Greek Consumer Price Index (CPI) rose at an accelerating pace of 1.7 percent in March compared to 1.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Trade deficit surges 17.7 pct in Feb on double-digit growth in imports
Greece’s trade deficit continued heading north at a double-digit rate in February, when it increased by 17.7 percent in February after exceptionally strong growth of 91.7 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
Greece’s seasonally adjusted (SA) unemployment stayed stable at 23.5 percent in January 2017 after an upward revision of the December figure, which was initially reported at 23.1 percent, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
The employment balance remained positive in March 2017, with net hirings climbing to 38,517 from 29,351 a year ago, data from the Labour Ministry’s Ergani information system showed on Wednesday.
Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
The Independent Authority of Public Revenue (IAPR) published on Monday its annual report for 2016, which revealed useful data on the composition of Greece’s tax debt.
General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
Greece’s general government (gg) primary cash surplus fell by 430 million euros to 2.61 billion in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday evening.
PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
Greece’s Manufacturing PMI fell by 1 point to 46.7 in March, almost offsetting the rise of 1.1 points recorded in the previous month, Markit survey showed on Monday.