Macroeconomy
Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
The budget primary balance posted a surplus of 2.12 billion euros in the 2-month period of 2017, 25.6 percent lower than the respective figure of 2.85 billion in the corresponding period last year, the Finance Ministry’s (MoF) preliminary budget execution bulletin revealed on Tuesday.
Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
Greek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit at a slower pace by 1.13 billion, following a decrease by 3.61 billion in the previous month, the Bank of Greece's (BoG) monthly financial statement revealed on Monday.
Wages index edges up 0.2 pct in Q4, drops 2.5 pct from previous quarter
The seasonally adjusted (SA) Wages Index increased for the fifth straight quarter in Q4 2016, albeit only by 0.2 percent year on year (YoY) after rising by 1 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Building activity rebounds 2.1 pct in Dec, falls 5.5 pct in 2016
Greek building permits rose by 2.1 percent in December after dropping by 1.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Trade deficit soars in Jan on ship imports from non-EU countries
Greece’s trade deficit surged by 91.7 percent in January, following a rise of 4.8 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Industrial production increases by 7.2 pct in January
The Greek Industrial Production Index (IPI) rose at an accelerating pace of 7.2 percent in January after an upward revised increase of 2.5 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Greece remains in inflation for second straight month after CPI rises 1.3 pct in Feb
Τhe Greek Consumer Price Index (CPI) increased at a slightly higher pace by 1.3 percent in February after rising by 1.2 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Revenues beat target by 3.9 pct in Feb, remain above target for year
Greece’s budget revenues beat their target for the second straight month this year, according to preliminary figures for February published by the Independent Authority of Public Revenue (IAPR) on Friday.
Job hirings at record high of 24,938 in Feb, negative employment balance for year-to-date
The employment balance remained positive in February 2017 with net hirings soaring to 24,938 from 14,437 last year, data from the Labour Ministry’s Ergani information system revealed on Thursday.
Turnover in tourism sector sees second successive rise in Q4 with 4.3 pct increase
The Turnover Index in Accommodation and Food Services increased at an accelerating pace of 4.3 percent in the fourth quarter (Q4) of 2016, after an upward revised growth rate of 2.9 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.