Macroeconomy
PMI at 50.5 in June, posting first growth in 10 months
Greece’s Manufacturing PMI rose by 0.9 points in June according to Markit, standing above the 50.0 point no-change threshold for the first time since August 2016.
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
The Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday, outlined a downwardly revised 2017 GDP forecast of 1.6 percent from 2.5 percent previously.
April retail sales up by 4.6 pct, volume rises 3 pct
The turnover of Greece’s retail trade index rose by 4.6 percent in April, up from the downwardly revised figure of 0.1 percent in March, Hellenic Statistical Agency (ELSTAT) data showed on Friday
Economic sentiment rises by 0.8 pts in June, consumer confidence improves
Greece’s economic sentiment (ESI) improved slightly by 0.8 points in June after declining by by 1.7 points in May, European Commission (EC) figures showed on Thursday.
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday.
Deposit flow in positive territory at 638 mln in May
The deposit flow in the Greek banking system turned positive in May, with inflows of 638 million following outflows of 139 million in April, Bank of Greece (BoG) figures showed on Wednesday.
Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
The budget primary surplus was confirmed at 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.
Travel receipts rise by 11.3 pct in April on back of higher arrivals
Travel receipts rose by 11.3 percent in April, reversing a decline of 7.8 percent in March, provisional Bank of Greece (BoG) figures showed on Wednesday.
Current account deficit eases by 410.6 mln in April
Greece’s current account (C/A) deficit eased by 410.6 million euros to 461.7 million in April from 872.2 million a year ago, Bank of Greece (BoG) figures showed on Tuesday.
Industrial turnover up for sixth straight month with 10.7 pct rise in April
Greece’s Turnover Index in Industry remained in positive territory, increasing by 10.7 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Monday.