Macroeconomy
Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
The interest rate on households’ new time deposits dropped by another 6 basis points (bps) to 1.88 percent in November, according to the Bank of Greece (BoG). This is the lowest reading since Greece accessed the euro area in 2002.
Greek unemployment drops slightly to 25.8 pct in October on lower jobless
The seasonally adjusted (SA) unemployment rate eased for the second successive month to 25.8 percent in October from an upward revised 26 percent in September, according to the Hellenic Statistical Agency (ELSTAT).
Greek economic sentiment and consumer confidence fall sharply in December
After improving in the preceding two months, Greece’s economic sentiment (ESI) fell by 3.8 points to 98.9 in December from 102.7 in November, according to the European Commission (EC).
General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
The Greek general government (gg) primary cash surplus further widened to 3.68 billion in the 11-month period of 2014, 2.4 times above the 1.53 billion in the corresponding period last year, according the gg bulletin published by the Ministry of Finance (MoF).
Manufacturing PMI up for third straight month but still falls short of growth
Greece’s Manufacturing PMI increased for the third successive month by 0.3 points to 49.4 in December from 49.1 in November, according to Markit.
Greek retail sales back on upward course in October after brief dip
After a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index rose by 0.5 percent in October, according to the Hellenic Statistical Agency (ELSTAT).
Greek deposits almost unchanged at 164.3 bln in November
Greek private sector deposits dropped for the second successive month in November, edging down by by 0.1 percent month on month (MoM) with their balances landing at 164.3 billion euros, according to the Bank of Greece (BoG).
Contraction in Greek credit eases slightly to 3 percent in November
The rate of drop in Greek bank credit decelerated for the second straight month in November, falling to 3 percent from 3.2 percent in October, according to the Bank of Greece (BoG).
Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
After a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT).
Greek travel receipts continued upward course in October, rising by 4.6 pct
Greece's travel receipts advanced for the fifth straight month, albeit at a much slower growth rate, by 4.6 percent to 993 million euros in October, according to the Bank of Greece (BoG).