Macroeconomy
Primary cash surplus down to 248 mln in Jan, including modest arrears repayment of 41 mln
Greece’s central government primary cash surplus dropped by 138 million euros to 248 million in January, Bank of Greece (BoG) figures showed on Friday.
Greece in inflation for first time since Feb 2013 as CPI rises 1.2 pct in Jan
Τhe Greek Consumer Price Index (CPI) rose 1.2 percent in January after zero growth in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Budget execution starts 2017 with primary balance outperformance on target-beating revenues
The budget primary balance recorded a surplus of 1.02 billion euros in the first month of 2017, broadly similar to that posted a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
Greeces’ seasonally adjusted (SA) GDP fell by 0.4 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after an upward revised growth of 0.9 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Tuesday.
Greece cleared arrears of 3.1 billion in 2016
The Greek government cleared arrears to the private sector of 565.6 million in December, according to figures published by the Finance Ministry (MoF) on Monday.
Building activity down 1.4 pct in November
Greek building permits edged down 1.4 percent in November after dropping by 5.7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
European Commission positive on Greece's macro and fiscal prospects
Greece is showing signs of recovery and its economy is expected to strongly rebound as of 2017 if the second programme review is completed, the European Commission (EC) notes in its winter economic forecasts published on Monday.
Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
Apartment prices in Greece dropped at a decelerating pace of 0.6 percent in the fourth quarter (Q4) of 2016, following a decline by 1.5 percent in Q3, Bank of Greece (BoG) data showed on Thursday.
Industrial production rises at slightly faster pace of 2.2 pct in Dec
The Greek Industrial Production Index (IPI) increased by 2.2 percent in December after a downward revised growth of 2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Unemployment rate stable at 23 pct in November
Greece’s seasonally adjusted (SA) unemployment stayed stable at 23 percent in November, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.