Macroeconomy
September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
Greek banks’ Eurosystem funding fell by another 3.15 billion euros in September after a drop of 4.39 billion in August, Bank of Greece's (BoG) monthly financial statement showed on Thursday.
Building activity soars 35.4 pct in July mostly reflecting a low base effect
Greek building permits strongly rebounded by 35.4 percent in July, after a drop of 21.7 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Car sales increase by slower rate of 9.6 pct in Sept
The growth rate in the number of road motor vehicles (going into circulation for the first time) decelerated to 9.6 percent in September from 14.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Industrial production down 0.3 pct in Aug for first fall since Mar
The Greek Industrial Production Index (IPI) fell by 0.3 percent in August after an upward revised 4.7 percent rise in July, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
CPI falls at slightly higher pace of 1 pct in September
Τhe Greek Consumer Price Index (CPI) dropped at a slightly accelerating pace by 1 percent in September after falling by 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Trade deficit rises 11.6 pct in Aug on slight increase in imports and stable exports
Greece’s trade deficit expanded by 11.6 percent in August, after surging by 88.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate falls for second straight month, reaching 23.2 pct in July
Greece’s seasonally adjusted (SA) unemployment rate dropped for the second successive month in July, when it fell to 23.2 percent from 23.4 percent in June, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
Greece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.
Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
The Greek Finance Ministry announced ahead of schedule on Tuesday afternoon the revenue evolution for September, which showed a notable outperformance against the targets.
IMF upgrades Greece’s GDP and unemployment rate estimates
In its latest World Economic Outlook (WEO) published on Tuesday, the International Monetary Fund was upbeat in its estimates regarding Greece’s GDP and unemployment rate, upgrading its previous forecasts released on April 12.