Macroeconomy
Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February
Greece’s central government primary cash balance showed a surplus of 503 million in the first two months of 2015 down by 70 percent on last year’s figure of 1.68 billion, according to the Bank of Greece (BoG).
Turnover in services sector shows improvement in Q4 2014
Following a worsening in the prior three quarters, the evolution of the turnover indices for the services sector showed a marked improvement in the fourth quarter (Q4) of 2014.
Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
As expected, Greek banks’ Eurosystem funding climbed by another 16.77 billion euros month on month (MoM) to 104.25 billion at the end of February from 87.48 billion in January, according to the Bank of Greece's (BoG) monthly financial statement published on Thursday.
Building activity declines at slower rate of 6.4 pct in Dec
The rate of decline in the number of building permits issued slowed to 6.4 percent in December from 30.9 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production index inches upward in Jan following largely negative trend
The Greek Industrial Production Index (IPI) marginally rose by 0.1 percent in January after a downward revised 3.2 percent drop in December, according to the Hellenic Statistical Authority (ELSTAT).
Unemployment rate edges up to 26.1 pct in Q4 2014
After easing in the prior two quarters, the non-seasonally-adjusted unemployment rose to 26.1 percent in the fourth quarter (Q4) of 2014 from 25.5 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).
General gov't primary surplus shrinks to 419 mln in January
The Greek general government (gg) primary cash balance showed the surplus shrinking to 419 million euros in January 2015, much lower than the 1.88 billion euros posted in January 2014, according the gg bulletin published by the Ministry of Finance (MoF).
Wages index rises at slower pace of 1.4 pct in Q4 2014
The seasonally adjusted Wages Index advanced, albeit at a slower pace, for the second consecutive quarter in the fourth quarter (Q4) of 2014, when it rose by 1.4 percent from 2.1 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).
Trade deficit plunges by 21 pct in January as exports and imports fall
After climbing by 26.9 percent in December, Greece’s trade deficit fell 21 percent in January, according to the Hellenic Statistical Authority (ELSTAT).
Greek CPI drops at slower rate of 2.2 pct in Feb for 24th straight month of deflation
The drop in the Greek consumer price index (CPI) decelerated to 2.2 percent in February from 2.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT).