Macroeconomy
General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
Greece’s general government (gg) primary cash surplus fell by 430 million euros to 2.61 billion in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday evening.
PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
Greece’s Manufacturing PMI fell by 1 point to 46.7 in March, almost offsetting the rise of 1.1 points recorded in the previous month, Markit survey showed on Monday.
Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
Greek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday.
Retail sales rebound 1.4 pct in Jan after brief fall in Dec
The turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday.
Economic sentiment edges up in March, consumer confidence deteriorates for third straight month
Greece’s economic sentiment (ESI) improved by 0.5 points in March following a drop by 2.2 points in the previous month, European Commission (EC) figures revealed on Thursday.
Deposit outflows continue in Feb but slow to 750 mln
The Greek banking system recorded outflows for the second successive month, albeit reduced to 750 million euros in February from 1.53 billion in the previous month, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
The rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday.
Travel receipts drop 2.4 pct in Jan following lower foreign arrivals
Greece's travel receipts fell by 2.4 percent to 164.8 million euros in January, Bank of Greece (BoG) figures showed on Friday.
Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
The budget primary surplus was confirmed at 2.14 billion euros in the 2-month period of 2017, down by 25.2 percent from last year’s figure of 2.85 billion, the Finance Ministry (MoF) final budget execution bulletin revealed on Friday.
ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
The Bank of Greece (BoG) said on Thursday that the European Central Bank increased the Emergency Liquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following a request made by BoG.