Macroeconomy
Deposit interest rates broadly stable in March, average loan rate down slightly
Greek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday.
Trade deficit soars 36.2 pct in March, largely due to oil products
Greece’s trade deficit continued increased by 36.2 percent in March, more than double the growth rate of 17.7 percent recorded in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
Greece’s general government (gg) primary cash surplus dropped by 1.17 billion euros to 2.04 billion in the first quarter (Q1) of 2017 from 3.22 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Friday.
Overdue social security contributions climb to 22.5 bln at end of Q1
The stock of unpaid social security contributions (SSCs) jumped to 22.49 billion euros at the end of the first quarter (Q1) of 2017 from 17.54 billion at the end of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears (KEAO) revealed on Thursday.
Rise in new overdue taxes slows to 658 mln in March, stock edges up to 94.3 bln
Greece’s new tax debt increased at a decelerating pace for the second straight month in March, when it rose by 658 million euros compared to a 989-million-euro increase in the previous month, Independent Authority of Public Revenues (IAPR) data showed on Thursday.
Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
The agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report.
PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
Greece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday.
Credit contraction slows to 1.3 pct in March on net additions of 307 mln
The rate of credit contraction in the Greek market slowed to 1.3 percent in March from 1.6 percent in February, Bank of Greece (BoG) figures showed on Friday.
Deposit flow turned positive in March, with inflows of 278 million
The Greek banking system posted deposit inflows of 278 million euros in March, following outflows of 750 million in the previous month, Bank of Greece (BoG) figures revealed on Monday.
Retail sales climb 10.9 pct in Feb on strong rebound in almost all sectors
The turnover of Greece’s retail trade index rose for the second straight month at a rate of 10.9 percent in February, after increasing by 1.4 percent in January, Hellenic Statistical Agency (ELSTAT) data showed on Friday.