Macroeconomy
Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
Greece’s budget execution showed a deterioration in September, with the primary balance recording a deficit of 719 million euros from a surplus up to 1.8 billion in the prior four months, the Finance Ministry's (MoF) preliminary figures showed on Thursday.
General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
The general government (gg) primary cash surplus widened by 7.4 percent to 2.61 billion euros in the 8-month period of 2015 from 2.43 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Tuesday.
Major fall of 31.6 pct for building activity in July
Greek building permits nosedived by 31.6 percent in July, after rising in the previous five months, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
CPI falls at accelerating rate of 1.7 pct in Sept
The Greek Consumer Price Index (CPI) dropped at an accelerating pace of 1.7 percent in September from 1.5 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Industrial production rebounds strongly in August with 4.5 pct rise
After declining for three months in a row, Greek Industrial Production Index (IPI) rebounded by 4.5 percent in August, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Drop in trade deficit slows to 8.8 pct in August as decline in imports decelerates
Following a nosedive of 63.1 percent in July, Greece’s trade deficit fell by 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) said on Thursday.
Unemployment unchanged at 25 pct in July
Greece’s seasonally adjusted (SA) unemployment rate remained stable at 25 percent in July, following a downward revision of the figure for June, the Hellenic Statistical Agency (ELSTAT) labour force survey displayed on Thursday.
Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
The Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday.
Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
The Greek Finance Ministry (MoF) submitted the 2016 draft budget to Parliament on Monday evening.
PMI rebounded in September, but survey data still point to a downturn on lack of new orders
Greece’s Manufacturing PMI further rose by 4.2 points to 43.3 in September from 39.1 in August, Markit said on Thursday.