Macroeconomy
Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln
Greece’s central government primary cash surplus fell by 607 million euros to 2.38 billion in the 7-month period of 2016 from 2.99 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday.
Property tax notices for 2016 to be issued, collection target remains same
The notices for the single property tax (ENFIA), one of the most significant individual taxes in Greece, are due to be published on Thursday August 18, according to a General Secretariat of Public Revenues (GSPR) announcement.
Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
Greece’s budget primary surplus slipped by 3.8 percent to 3.57 billion euros in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
Greece’s seasonally adjusted (SA) GDP at constant prices rebounded by 0.3 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016 after a revised drop by 0.1 percent in Q1, Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday.
Building activity plummets 31.5 pct in May
Greek building permits dropped for the fifth successive month at a notably accelerating pace by 31.5 percent in May, following a 5.3 percent decline in April, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
Greek banks’ Eurosystem funding continued heading south for the thirteenth month in a row in July, when it decreased by 4.3 billion in July after a drop of 8.57 billion in June, the Bank of Greece's (BoG) monthly financial statement showed on Thursday.
Industrial production surges 7.5 pct in June, with highest growth rate since 2001
Greece’s Industrial Production Index (IPI) soared 7.5 percent in June following an upward revised rise by 3 percent in May, Hellenic Statistical Authority (ELSTAT) data displayed on Tuesday.
Car sales soar 42.9 pct in July, also reflecting a low base effect
The number of road motor vehicles (going into circulation for the first time) surged 42.9 percent in July after a short-lived drop of 2.5 percent in June, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
CPI tumbles by 1 pct in July
Τhe Greek Consumer Price Index (CPI) dropped at an accelerating pace of 1 percent in July after a 0.7 percent decline in June, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Trade deficit falls by 3.1 pct in June
Greece’s trade deficit dropped by 3.1 percent in June after a double-digit increase in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on Friday.