Macroeconomy
Net job hirings of 7,788 in September; highest 9-month figure since 2001
The employment balance turned positive in September, with net hirings standing at 7,788, up from the net departures of 13,003 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Wednesday.
Credit standards and demand for Greek loans remain stable in Q3
As previously estimated, credit standards for Greek corporate and household loans remained broadly unchanged quarter on quarter (QoQ) in the third quarter (Q3) of 2016, Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday.
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year.
Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance
Greece’s budget primary surplus soared 77.5 percent to 5.45 billion euros in the 9-month period of 2016 from 2.27 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
Arrears payments of 915 mln in Aug bring total to 1.4 bln over two months
The government accelerated its efforts to clear arrears in August, when the figure more than doubled to 915 million euros from 440 million in July, according to the Finance Ministry (MoF) bulletin published on Friday.
ELSTAT revises nominal 2015 GDP contraction to 1.3 pct
In its second estimate of the annual national accounts for 2015, the Hellenic Statistical Authority (ELSTAT) revised downward the drop in nominal GDP to 1.3 percent from the 0.9 percent initially announced on March 4.
September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
Greek banks’ Eurosystem funding fell by another 3.15 billion euros in September after a drop of 4.39 billion in August, Bank of Greece's (BoG) monthly financial statement showed on Thursday.
Building activity soars 35.4 pct in July mostly reflecting a low base effect
Greek building permits strongly rebounded by 35.4 percent in July, after a drop of 21.7 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Car sales increase by slower rate of 9.6 pct in Sept
The growth rate in the number of road motor vehicles (going into circulation for the first time) decelerated to 9.6 percent in September from 14.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Industrial production down 0.3 pct in Aug for first fall since Mar
The Greek Industrial Production Index (IPI) fell by 0.3 percent in August after an upward revised 4.7 percent rise in July, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.