Macroeconomy
General government primary cash surplus narrows to 2.48 bln, arrears almost stable in Sept
The general government (gg) primary cash surplus narrowed by 20.7 percent to 2.48 billion in the 9-month period of 2015 from 3.412 billion last year, the Finance Ministry (MoF) gg bulletin displayed on Tuesday.
Car sales down by 13.8 pct in Oct for the second fall this year
The number of road motor vehicles (going into circulation for the first time) fell by 13.8 percent in October, after rising by 6.7 percent in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
CPI drops at decelerating pace of 0.9 pct in Oct
The decline in the Greek Consumer Price Index (CPI) markedly decelerated to 0.9 percent in October from the 1.7 percent drop posted in September, Hellenic Statistical Authority (ELSTAT) data displayed on Tuesday.
Industrial production up by 2.8 pct in Sept for second straight raise
Greek Industrial Production Index (IPI) grew for the second straight month but at the slower pace of 2.8 percent in September from a downward revised 4.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
OECD sees recession in 2015-16, stresses need for reform implementation
In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates on Greece and is now expecting a recession of 1.4 percent in 2015 and 1.2 percent in 2016.
Trade deficit falls by markedly accelerating pace of 24.2 pct in Sept
The drop in Greece’s trade deficit accelerated to 24.2 percent in September from 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Marginal changes in loan and deposit rates in Sept
After a sharp reduction of 62 basis points (bps) in the preceding two months, Greek households’ new time deposit rate remained broadly stable at 1.18 percent in September from 1.19 percent in August, Bank of Greece (BoG) figures showed on Monday.
PMI continued improving in Oct but survey data points to economic struggle ahead
Greece’s Manufacturing PMI improved by another 4 points in October, when it rose to 47.3 from 43.3 in September, a Markit survey showed on Monday.
Retail sales down by 4 pct in August for third straight fall
The turnover of Greece’s retail trade index dropped for the third successive month in August, albeit at a decelerating pace by 4 percent from 8.6 percent in July, Hellenic Statistical Agency (ELSTAT) data showed on Friday.
Parliament's budget office sees risks and rewards in third bailout
The elimination of uncertainty related to economic policy and the implementation of reforms and privatisations is a key condition for faster and sustainable economic recovery, the quarterly report of the Parliamentary Budget Office (PBO) stresses.