Macroeconomy
Retail index fell by 2.2 pct in Feb but trend improving
The turnover of Greece’s retail trade index fell by 2.2 percent year on year (YoY) in February, while volume slightly rose by 0.6 percent, according to the Hellenic Statistical Agency (ELSTAT).
Credit contracts by 4.1 pct in March, loans down by 3.4 pct
The year on year (YoY) credit contraction in the Greek market slightly accelerated to 4.1 percent in March from 4 percent in the preceding two months, with balances reaching 215.88 billion euros, according to the BoG.
Slight rise in deposits for March but outflows at 2.2 bln for 2014
Greek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG).
Greek trade deficit up 12.6 pct in Feb as imports rise
Greece’s trade deficit rose 12.6 percent to 1.99 billion euros in February, resuming an upward trend for the first time since September 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greek current account deficit rises to 709 mln in February
Greece's February current account (C/A) deficit rose by 3.6 percent to 709 million euros, according to the Bank of Greece (BoG).
Central gov't cash deficit down to 1.14 bln in March
Greece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion. 59 percent lower compared to last year’s 2.76 billion, according to the Bank of Greece (BoG).
Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
Greek banks’ Eurosystem funding dropped in March at the fastest pace since May 2013. It fell by 7.3 billion in what was the third successive month that funding declined, according to the Bank of Greece's (BoG) monthly financial statement.
ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010
As part of the Excessive Deficit Procedure (EDP), the Hellenic Statistical Authority (ELSTAT) published on Monday its first notification in 2014 concerning fiscal data for 2010-13.
Another big drop for building activity, which fell by 35.3 pct in January
Greek building activity (as measured by the number of building permits) continued heading south in January retreating by 35.3 percent, following a 29.6 percent drop in December, according to the Hellenic Statistical Authority (ELSTAT).
Greece enters second year of deflation as CPI falls 1.3 pct in March
Greece remained in deflation for the thirteenth consecutive month in March. The Consumer Price Index (CPI) eased 1.3 percent at a slightly accelerating pace compared to the 1.1 percent posted in February, according to the Hellenic Statistical Authority (ELSTAT).