Macroeconomy
Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
Road motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Trade deficit rises by 1.2 pct in November
Greece’s trade deficit edged up by 1.2 percent in November, after a double-digit drop of 16.1 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Industrial production growth slows to 2.3 pct in Nov
Greece’s Industrial Production Index (IPI) rose by 2.3 percent in November after an upward revised increase of 7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
Greece’s economic sentiment (ESI) improved by 2.2 points to 94.6 in December after falling by 1.4 points in November, European Commission (EC) figures showed on Friday.
December retail sales seen down 2.5 pct amid tax onrush
Sales in the Greek retail market fell by at least 2.5 percent in December compared to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).
Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
Greek households’ new time deposit rate declined for the third successive month in November, when t fell by 5 basis points (bps) to 0.71 percent from 0.76 percent in October, Bank of Greece (BoG) data showed on Wednesday.
General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
Greece’s general government (gg) primary cash surplus grew by 1.4 billion euros to 6.4 billion in the 11-month period of 2016 from 5 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Tuesday.
PMI rises to 49.3 in Dec but likelihood of growth remains slim
Greece’s Manufacturing PMI increased by 1 point in November, after dropping in the previous three months, the Markit survey revealed on Monday.
New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
Greece’s new tax debt rose at a slower pace of 890 million in November from 1.4 billion in October, according to the General Secretariat of Public Revenues (GSPR) data.
Retail sales grow for second straight month in Oct with 1.3 pct rise
The turnover of Greece’s retail trade index rose again in October, when it increased by 1.3 percent, after a 1.7 percent rise in September, Hellenic Statistical Agency (ELSTAT) figures revealed on Friday.