Macroeconomy
PMI falls to 46.9 pts in June in ten straight months of contraction
Greece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below the 50-point mark implying a contraction for the tenth successive month.
Retail turnover fall accelerates to 3.3 pct in April
The turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT).
Economic sentiment down 0.7 pts in June, consumer confidence also falls
Greece’s economic sentiment (ESI) fell for the fourth straight month in June, when it was down by 0.7 points to 90.7 from 91.4 in May, according to the European Commission (EC).
Credit contracts by slower rate of 2.1 pct in May
Greek bank credit contraction further decelerated to 2.1 percent in May from 2.4 percent in April, according to the Bank of Greece (BoG).
Deposit outflows eased to 3.86 bln in May, balance below 130 bln
Greek private sector deposit outflows eased to 3.86 billion in May from 4.66 billion in Apr, according to the Bank of Greece (BoG).
Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
Greece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more than double compared to last year’s 707 million, according to the Finance Ministry (MoF) final budget bulletin released on Thursday.
Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
Greek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace of 3.56 billion euros compared to 5.66 billion in April, according to the Bank of Greece's (BoG) monthly financial statement published on Tuesday.
Travel receipts rise by 16.3 pct in April on jump in arrivals
The growth rate of Greece's travel receipts accelerated to 16.3 percent in April from 13.3 percent in March, according to the Bank of Greece (BoG).
Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
Greece’s central government primary cash surplus remained almost unchanged at 1.065 billion in the 5-month period of 2015, from 1.057 billion last year, according to the Bank of Greece (BoG).
Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
Greece's current account (C/A) deficit narrowed by 17 percent to 955 million euros in April from 1.15 billion last year, according to the Bank of Greece (BoG).