Macroeconomy
New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
Greece’s new tax debt rose at a slower pace of 890 million in November from 1.4 billion in October, according to the General Secretariat of Public Revenues (GSPR) data.
Retail sales grow for second straight month in Oct with 1.3 pct rise
The turnover of Greece’s retail trade index rose again in October, when it increased by 1.3 percent, after a 1.7 percent rise in September, Hellenic Statistical Agency (ELSTAT) figures revealed on Friday.
Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
Greece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
The rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6 percent in October, Bank of Greece (BoG) figures showed on Thursday.
Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
The Greek market recorded marginal deposit inflows of 12 million euros in November following a positive flow of 1.02 billion in October, Bank of Greece (BoG) figures displayed on Thursday.
Travel receipts up by 14.2 pct in Oct but 10-month figure drops 4.2 pct
Greece's travel receipts continued heading north in October, when a 14.2 percent increase followed a rise of 2.3 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Current account balance turns to deficit of 198 mln in Oct
Greece’s current account (C/A) balance turned to a deficit of 198.4 million euros in October 2016 from surplus of 264.8 million in the corresponding period last year, Bank of Greece (BoG) figures showed on Wednesday.
Industrial turnover on downward trend again after 2.8 pct drop in Oct
Greece’s Turnover Index in Industry fell by 2.8 percent in October after an upward revised increase of 9.9 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
The significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday.
Primary cash surplus to Nov at 3.6 bln, including arrears repayment of 3.4 bln
Greece’s central government primary cash surplus dropped to 3.58 billion euros in the 11-month period of 2016 from 4.48 billion in the corresponding period last year ago, Bank of Greece (BoG) figures showed on Monday.