Macroeconomy
CPI falls at faster pace of 0.9 pct in November
Τhe Greek Consumer Price Index (CPI) dropped at a sharper pace of 0.9 percent in November, after a decrease of 0.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Wages index rises again to reach 91 in Q3, highest since Q4 2012
The seasonally adjusted (SA) Wages Index rose for the fourth successive quarter in the third quarter (Q3) of 2016, albeit at a slower pace of 1 percent year on year (YoY) from a higher increase of 4.6 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
New overdue taxes climb by 1.4 bln in October, total stock reaches 93.9 bln
Greece’s new tax debt increased by 1.4 billion in October after a broadly similar rise of 1.35 billion in September, the General Secretariat of Public Revenues (GSPR) data revealed on Thursday evening. It is highlighted that new overdue taxes stand above the 1.3-billion mark for the third straight month.
Car sales keep their rising trend, up 18.4 pct in November
Road motor vehicles (going into circulation for the first time) rose at a slightly slower pace by 18.4 percent in November, after an increase of 20 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
Trade deficit drops at an accelerating pace of 16.1 pct in October
Greece’s trade deficit fell for the second straight month by 16.1 percent in October, after a drop of 12.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment rate falls to 23.1 pct in September, lowest since March 2012
Greece’s seasonally adjusted (SA) unemployment rate edged down to 23.1 percent in September from a downward revised 23.3 percent in August, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Turnover in tourism sector rebounds 2.6 pct in Q3
The Turnover Index in Accommodation and Food Services resumed an upward trend in the third quarter (Q3) of 2016, rising by 2.6 percent after an upward revised drop of 1.3 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Revenues beat target for third successive month in November
Greek budget revenues beat their target, albeit marginally, for the third straight month in November, General Secretariat of Public Revenues (GSPR) figures revealed on Tuesday.
General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln
Greece’s general government (gg) primary cash surplus expanded by 1.37 billion euros to 6.08 billion in the 10-month period of 2016 from 4.71 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday evening.
Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
Greek households’ new time deposit rate dropped for the second straight month, albeit at a slower pace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank of Greece (BoG) data displayed on Friday.