Macroeconomy
Retail sales fall by 3.1 pct in Aug after fleeting rebound in July
The turnover of Greece’s retail trade index fell by 3.1 percent in August, after a rise of 7.1 percent in July attributed to a low base effect, Hellenic Statistical Agency (ELSTAT) figures showed on Monday.
New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln
Greece’s new tax debt rose by 1.35 billion euros in September after increasing by 1.37 billion in August, according to data published by the General Secretariat of Public Revenues (GSPR).
Economic sentiment and consumer confidence markedly improve in October
The economic sentiment (ESI) in Greece improved by 2.4 points in October, after falling by 1.1 points in September, the European Commission (EC) figures showed on Friday.
Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
The rate of credit contraction in the Greek market remained stable at 1.7 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits edge down to 123.5 bln in September on outflows of 379 mln
The Greek market recorded deposit outflows of 379 million euros in September, following inflows of 1.33 billion in August, Bank of Greece (BoG) figures displayed on Thursday.
Disposable income falls for second straight quarter, by 0.7 pct in Q2
Greek household disposable income dropped for the second straight quarter, albeit at a slower pace of 0.7 percent, in the second quarter (Q2) of 2016, compared to a decrease of 1.6 percent in Q1, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
The rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday.
Travel receipts drop 9.2 pct in Aug, dragging balance down 10.6 pct
Greece's travel receipts fell for the fifth straight month in August, when they declined at an accelerating pace of 9.2 percent from a 3.5 percent fall in July, Bank of Greece (BoG) figures showed on Monday.
Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues
Greece’s budget primary surplus surged by more than 77 percent to 5.44 billion euros in the 9-month period of 2016 from 2.27 billion a year ago, according to the Finance Ministry (MoF) final budget execution bulletin published on Monday.
Current account surplus narrows to 1.82 bln in August
Greece’s current account (C/A) surplus fell by 379 million, or 17.2 percent, to reach 1.82 billion euros in August, down from 2.2 billion a year ago, Bank of Greece (BoG) figures showed on Friday.