Macroeconomy
Athens outlines 2018 debt management plan for post-bailout era
In the draft 2018 budget submitted to Parliament on Monday, the Greek government outlined parts of its strategy for debt management next year and in the post-programme era.
Draft budget sees stronger growth, fiscal targets being met
The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
PMI rises to 52.8 in Sept, highest since June 2008
Greece’s Manufacturing PMI increased by 0.6 points in September to stand at 52.8, up from August’s figure of 52.2.
Retail sales continue their rise in July as consumer confidence improves
Greece’s retail sales increased by 1.6 percent on an annual basis in July after a marginal 3.2 percent rise in June, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday.
Economic sentiment breaks 100-point mark in Sept, consumer confidence up by 3.3 pts
Greece’s economic sentiment (ESI) continued its positive trend in September, rising by 1.6 points compared to August’s increase by 0.8 points, European Commission (EC) figures revealed on Thursday.
Deposit inflows rise to 1.41 bln in August, highest for 2017
The positive deposit flow in the Greek banking system picked up pace in August to 1.41 billion euros from 928 million in July, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction eases to 0.9 pct in August
The pace of credit contraction in the Greek market slowed slightly in August, easing to 0.9 percent, Bank of Greece (BoG) figures showed on Wednesday.
Budget primary surplus at 3.54 bln in August, 29 mln off target on tax refunds, low revenues
The budget primary balance was confirmed at a surplus of 3.54 billion euros in the first eight months of 2017 against last year’s figure of 2.12 billion euros, the Finance Ministry’s (MoF) final budget execution bulletin showed on Monday.
Foreign arrivals push travel surplus up by 6.6 pct in July, average expenditure falls
Greece’s travel receipts increased by 5.3 percent in July, slowing from the increase of 14.2 percent noted in June, Bank of Greece (BoG) data revealed on Thursday.
Current account surplus at 1.57 billion in July, pushed by services balance
Greece’s current account (C/A) balance displayed a surplus of 1.57 billion euros in July from 1.36 billion a year ago, Bank of Greece (BoG) figures showed on Wednesday.