Macroeconomy
Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
The Greek Fiscal Council published on Tuesday its first semi-annually report on fiscal and macroeconomic developments, presenting its views on the 2017 draft budget and whether targets will be met this year and next.
Car sales jump by 20 pct in October
The number of road motor vehicles going into circulation for the first time grew at an accelerating pace of 20 percent in October, from 9.6 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Trade deficit falls 12.1 pct in Sept following export growth for first time since Apr 2015
Greece’s trade deficit narrowed by 12.1 percent in September after rising by 11.6 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Revenues beat target for second straight month in Oct with 739 mln over-performance
Greek budget revenues beat their target comfortably for the second successive month in October, according to General Secretariat of Public Revenues (GSPR) figures provided by the Finance Ministry (MoF) on Thursday.
Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
Greek households’ new time deposit rate fell by 8 basis points (bps) to 0.79 percent in September, after remaining broadly flat in the previous three months, Bank of Greece (BoG) data showed on Thursday.
General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln
Greece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.
Office prices edge up 0.2 pct in H1, retail prices drop 0.8 pct
The office prices in Greece edged up 0.2 percent in the first half (H1) of 2016 after a marginal rise of 0.1 percent in H2 2015, Bank of Greece (BoG) data showed on Tuesday.
PMI falls again in October amid ongoing drop in output and new orders
Greece’s Manufacturing PMI edged down for the second straight month in October, when it fell by 0.6 points, after a drop of 1.2 points in September, Markit’s survey showed on Tuesday.
Parliament's budget office sees obstacles to recovery, warns on private debt
In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals.
Retail sales fall by 3.1 pct in Aug after fleeting rebound in July
The turnover of Greece’s retail trade index fell by 3.1 percent in August, after a rise of 7.1 percent in July attributed to a low base effect, Hellenic Statistical Agency (ELSTAT) figures showed on Monday.