Macroeconomy
Apartment prices down by 5.4 pct in Q4 and 5.1 pct over whole of 2015
Greek apartment prices decreased by 5.4 percent in the fourth quarter (Q4) of 2015, at a slightly decelerating pace compared to the revised 5.8 percent drop in Q3, Bank of Greece (BoG) data displayed on Monday.
Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
The Greek seasonally adjusted (SA) GDP at constant prices fell quarter on quarter (QoQ) by 0.6 percent in the fourth quarter (Q4) of 2015 at a decelerating pace compared to the downward revised 1.4 percent drop in Q3, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday.
Building activity rebounds 7.2 pct in November
After falling in the preceding four months, Greek building permits rebounded 7.2 percent in November, Hellenic Statistical Authority (ELSTAT) figures displayed on Friday.
Unemployment down slightly to 24.6 pct in November
Greece’s seasonally adjusted unemployment rate eased to 24.6 percent in November from an upward revised 24.7 percent in October, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Industrial production rises by 5.2 pct in Dec, its highest growth rate since 2007
Greece’s Industrial Production Index (IPI) rose for the second straight month at an accelerating pace of 5.2 percent in December from an upward revised 2 percent in November, the Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
Greece’s general government (gg) primary cash surplus more than doubled to 4.14 billion euros in 2015 from 2.05 billion in 2014, the Finance Ministry (MoF) gg bulletin showed on Monday.
Car sales rise by 3.7 pct in Jan
The number of road motor vehicles going into circulation for the first time increased for the third straight month in January, albeit at the slower pace of 3.7 percent in January from 7 percent in December, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Drop in trade deficit accelerates to 14.3 pct in Dec on faster fall in imports
Greece’s trade deficit declined at an accelerating pace of 14.3 percent in December from 1.8 percent in November, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Time deposit rate almost stable in December, average loan rate rises 17 bps
Greek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank of Greece (BoG) figures showed on Thursday.
High unemployment, falling wages damaged sustainability of largest Greek pension fund
Employees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA).