Macroeconomy
Trade deficit surges 17.7 pct in Feb on double-digit growth in imports
Greece’s trade deficit continued heading north at a double-digit rate in February, when it increased by 17.7 percent in February after exceptionally strong growth of 91.7 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
Greece’s seasonally adjusted (SA) unemployment stayed stable at 23.5 percent in January 2017 after an upward revision of the December figure, which was initially reported at 23.1 percent, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
The employment balance remained positive in March 2017, with net hirings climbing to 38,517 from 29,351 a year ago, data from the Labour Ministry’s Ergani information system showed on Wednesday.
Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
The Independent Authority of Public Revenue (IAPR) published on Monday its annual report for 2016, which revealed useful data on the composition of Greece’s tax debt.
General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
Greece’s general government (gg) primary cash surplus fell by 430 million euros to 2.61 billion in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday evening.
PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
Greece’s Manufacturing PMI fell by 1 point to 46.7 in March, almost offsetting the rise of 1.1 points recorded in the previous month, Markit survey showed on Monday.
Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
Greek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday.
Retail sales rebound 1.4 pct in Jan after brief fall in Dec
The turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday.
Economic sentiment edges up in March, consumer confidence deteriorates for third straight month
Greece’s economic sentiment (ESI) improved by 0.5 points in March following a drop by 2.2 points in the previous month, European Commission (EC) figures revealed on Thursday.
Deposit outflows continue in Feb but slow to 750 mln
The Greek banking system recorded outflows for the second successive month, albeit reduced to 750 million euros in February from 1.53 billion in the previous month, Bank of Greece (BoG) figures revealed on Monday.