Macroeconomy
Net job hirings reach 40,599 in six-month
The employment balance stayed positive in June 2017 with net hirings climbing by around 40,599 from 33,608 a year ago, data from the Labour Ministry’s Ergani information system revealed on Friday.
Trade deficit up 14.2 pct in May as imports increase along with exports
Greece’s trade increased by 14.2 percent in May after falling by 14.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
Greece’s seasonally adjusted (SA) unemployment declined to 21.7 percent in April from a downwardly revised rate of 22 percent in March, the Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
General govt primary cash surplus at 2.25 bln in May, arrears rise
Greece’s general government (gg) primary cash surplus fell by 332 million euros from the previous year to 2.25 billion in the first five months of 2017 according to the Finance Ministry’s (MoF) gg bulletin.
PMI at 50.5 in June, posting first growth in 10 months
Greece’s Manufacturing PMI rose by 0.9 points in June according to Markit, standing above the 50.0 point no-change threshold for the first time since August 2016.
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
The Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday, outlined a downwardly revised 2017 GDP forecast of 1.6 percent from 2.5 percent previously.
April retail sales up by 4.6 pct, volume rises 3 pct
The turnover of Greece’s retail trade index rose by 4.6 percent in April, up from the downwardly revised figure of 0.1 percent in March, Hellenic Statistical Agency (ELSTAT) data showed on Friday
Economic sentiment rises by 0.8 pts in June, consumer confidence improves
Greece’s economic sentiment (ESI) improved slightly by 0.8 points in June after declining by by 1.7 points in May, European Commission (EC) figures showed on Thursday.
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday.
Deposit flow in positive territory at 638 mln in May
The deposit flow in the Greek banking system turned positive in May, with inflows of 638 million following outflows of 139 million in April, Bank of Greece (BoG) figures showed on Wednesday.