Macroeconomy
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).
Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
The increase in Greece’s new unpaid taxes accelerated to 1.03 billion euros in May from 737 million in April, according to data released by the General Secretariat of Information Systems (GSIS).
Bank of Greece warns of dangers in failure to reach deal with lenders
In its biannual Monetary Policy report published on Wednesday, the Bank of Greece (BoG) makes clear its belief that it is of paramount importance that the Greek government conclude an agreement with official lenders, describing it is a “historical imperative the country cannot afford to ignore.”
Most services in Greece see turnover improve in Q1
The evolution of the turnover indices for the services sector displayed an improvement for the second consecutive quarter in Q1 2015, with 11 out of 14 service activities posting a rise, according to the Hellenic Statistical Authority (ELSTAT).
Building activity rises again in March as permits increase by 19.1 pct
Greek building permits rose for the second successive month in March, when they increased by 19.1 percent compared to the 10.2 percent rises recorded in February, according to the Hellenic Statistical Authority (ELSTAT).
Unemployment edges up for second consecutive quarter in Q1, reaches 26.6 pct
The non-seasonally-adjusted unemployment rate continued heading north for the second successive quarter to 26.6 percent in the first quarter (Q1) of 2015 from 26.1 in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
Greek CPI falls by 2.1 pct in May, same as April
The rate of drop in the Greek consumer price index (CPI) was unchanged in May, when it remained at 2.1 percent for the second consecutive month, according to the Hellenic Statistical Authority (ELSTAT).
Improving car sales in Greece continue with 27.9 pct rise in May
Τhe number of road motor vehicles (going into circulation for the first time) continued posting strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production up again in April but at slower rate of 0.4 pct
Greece’s Industrial Production Index (IPI) increased for the third straight month in April, albeit at a decelerating pace of 0.4 percent in April after an upward revised 5.3 percent growth in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek trade deficit up 6 pct in April despite growth in exports
Greece’s trade deficit increased for the second successive month in April, when it rose by 6 percent after a 6.9 percent rise in March, according to the Hellenic Statistical Authority (ELSTAT).