Macroeconomy
Deposit flow turns positive in May with inflows of 184 mln
The flow of Greek private sector deposits turned positive in May with inflows of 184 million following outflows of 59 million in April, Bank of Greece (BoG) figures displayed on Monday.
Lower foreign arrivals lead to 7 pct drop in April travel receipts
Greece's travel receipts fell by 7 percent in April after a short-lived rise by 8.2 percent in March, Bank of Greece (BoG) figures displayed on Wednesday.
Industrial turnover dives by 15.3 pct in April in fourth straight double-digit decrease
Greece’s Turnover Index in Industry dropped at an accelerating pace of 15.3 percent in April from a revised 12.4 percent decline in March, Hellenic Statistical Authority (ELSTAT) figures displayed on Tuesday.
Current account deficit narrows to 822 mln in April
Greece's current account (C/A) deficit fell by almost 21 percent to 822 million in April from 1.04 billion a year ago, Bank of Greece (BoG) figures showed on Tuesday.
Primary cash surplus widens to 2.66 bln in first five months of 2016
Greece’s central government primary cash balance climbed to 2.66 billion euros in the first five months of 2016 from 1.07 billion euros last year, Bank of Greece (BoG) figures showed on Friday.
BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
The Bank of Greece (BoG) disclosed for the first time in its monetary policy report published on Wednesday its detailed medium-term (until 2018) macroeconomic forecasts.
Five-month budget primary surplus of 2.27 bln, revenues outperform in May
Greece’s budget primary surplus stood at 2.27 billion euros in the 5-month period of 2016 up by more than 50 percent from last year’s figure of 1.51 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Thursday.
Unemployment up for second straight quarter to 24.9 pct in Q1
The Greek non-seasonally-adjusted unemployment rate rose for the second successive quarter to 24.9 percent in Q1 of 2016 from 24.4 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
BoG proposes debt relief measures and lower primary surplus target from 2018
In its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent of GDP from 3.5 percent from 2018 onwards.
Turnover in services sector deteriorates in Q1
The majority of the turnover indices for the services sector fell year on year in the first quarter (Q1) of 2016, Hellenic Statistical Authority (ELSTAT) figures displayed on Wednesday.