Macroeconomy
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).
PMI at 50 points in Dec as manufacturing shows signs of stabilisation
Greece’s Manufacturing PMI slightly fell to 50 points in January from 50.2 in December, Markit survey showed on Monday.
Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
Greek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday.
Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
The Greek banking system displayed deposit inflows of 2.65 billion euros in December following outflows of 390 million in November, Bank of Greece (BoG) figures showed on Friday.
Retail sales drop at a faster pace of 5.5 pct in Nov
The turnover of Greece’s retail trade index fell for the sixth straight month In November at an accelerating pace of 5.5 percent from a revised 3.6 percent drop in October, Hellenic Statistical Agency (ELSTAT) data displayed on Friday.
Economic sentiment improves 4 pts in Jan but consumer confidence worsens 2.8 pts
Greece’s economic sentiment (ESI) improved by another four points in January when it rose to 91.6, European Commission (EC) figures showed on Thursday.
Parliament's budget office stresses need for reform, protecting growth prospects
The need for adjustment to return to growth and the importance of implementing are among the key highlights of the quarterly report of the Parliamentary Budget Office (PBO).
Drop in disposable income accelerates to 3.3 percent in Q3
Greek household disposable income dropped at an accelerating pace of 3.3 percent in the third quarter (Q3) of 2015 from a revised 2.4 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures displayed on Monday.
Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
Greece's travel receipts rebounded by 16 percent in November after a 4.1 percent drop in October, Bank of Greece (BoG) figures showed on Thursday.
Primary cash surplus improves 2.5 times to 3.49 bln in 2015
Greece’s central government primary cash surplus substantially improved by almost 2.5 times to 3.49 billion in 2015 from 1.42 billion in 2014, Bank of Greece (BoG) figures displayed on Wednesday.