Macroeconomy
Credit standards and demand for corporate and household loans remain unchanged in Q4
Credit standards for both corporate and household loans remained stable quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, in line with previous estimates, Bank of Greece (BoG) bank lending survey (BLS) displayed on Tuesday.
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
Building activity resumes downswing falling by 5.7 pct in October
Greek building permits fell by 5.7 percent in October after rebounding in the previous three months, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Government seeks to appease banks over ADMIE privatisation
In a letter sent by the four systemic Greek banks to Finance Minister Euclid Tsakalotos on January 11, but revealed by the Greek media on Friday, they expressed their serious concerns about the privatisation process of the Independent Power Transmission Operator (ADMIE).
Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
The employment balance remained positive in December 2016, with net hirings increasing to 11,132 from 7,826 a year ago, data from the Labour Ministry’s Ergani information system showed on Friday.
Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
Greece’s seasonally adjusted (SA) unemployment rate eased for the second straight month to 23 percent in October from 23.1 percent in September, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
CPI stays flat in December, falls by 0.8 pct in 2016
Τhe Greek Consumer Price Index (CPI) remained stable in December following a drop of 0.9 percent in November, Hellenic Statistical Authority (ELSTAT) data displayed on Wednesday.
Early tourism estimates point to increased airline pre-bookings and lower cruise passengers in 2017
The demand for airline travel to Greece remains very strong for 2017, particularly from German-speaking countries, according to INSETE, the Institute of the Greek Tourism Confederation (SETE).
Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
Road motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Trade deficit rises by 1.2 pct in November
Greece’s trade deficit edged up by 1.2 percent in November, after a double-digit drop of 16.1 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.