Macroeconomy
European Commission positive on Greece's macro and fiscal prospects
Greece is showing signs of recovery and its economy is expected to strongly rebound as of 2017 if the second programme review is completed, the European Commission (EC) notes in its winter economic forecasts published on Monday.
Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
Apartment prices in Greece dropped at a decelerating pace of 0.6 percent in the fourth quarter (Q4) of 2016, following a decline by 1.5 percent in Q3, Bank of Greece (BoG) data showed on Thursday.
Industrial production rises at slightly faster pace of 2.2 pct in Dec
The Greek Industrial Production Index (IPI) increased by 2.2 percent in December after a downward revised growth of 2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Unemployment rate stable at 23 pct in November
Greece’s seasonally adjusted (SA) unemployment stayed stable at 23 percent in November, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
Car sales soar 22.8 pct in first month of 2017
Road motor vehicles (going into circulation for the first time) surged 22.8 percent in January after a double-digit drop of 19.8 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Trade deficit increases 4.8 pct in Dec and 4.5 pct in 2016 on rising imports
Greece’s trade deficit increased at a faster pace of 4.8 percent in December from 1.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Revenues reach 4.3 bln in January, beating target by 258 mln
Greece’s revenues before tax refunds stood at 4.27 billion euros in January, beating the target by 258 million, according to preliminary figures published by the Independent Authority for Public Revenue (IAPR) on Friday.
General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
Greece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening.
Minor fluctuations in deposit and loan interest rates in December
Greek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent in December after a higher drop by 5 bps in November, Bank of Greece (BoG) data displayed on Thursday.
Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
Greece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday.