Macroeconomy
Manufacturing PMI moved back into contraction territory in March
Greece’s Manufacturing PMI slowed to 49.7 in March from 51.3 in February, falling back below the 50-point mark that separates growth from contraction, according to Markit.
Greek trade deficit narrowed 15.4 pct in January
Greece’s trade deficit narrowed 15.4 percent to 1.62 billion euros in January, according to the Hellenic Statistical Authority (ELSTAT).
Greek deposits down 0.3 pct in Feb, credit contraction stable
Greek private sector deposits fell 0.3 percent month on month (MoM) in February, with balances reaching 160.54 billion euros, according to the Bank of Greece (BoG).
Better income account helps squeeze Greek C/A deficit in January
Greece's January current account (C/A) deficit narrowed moderately to 295 million euros from 314 million last year, according to the Bank of Greece (BoG).
Greek banks' Eurosystem funding down for second month in a row in Feb
Greek banks’ Eurosystem funding eased for the second straight month by 2.85 billion in February, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure settled at 67.99 billion, below the 70-billion mark for the first time since March 2010.
Central government primary cash surplus at 1.7 bln to February
Greece’s central government net balance to February on a cash basis showed a surplus of 221 million from deficit of 1.4 billion last year, according to the Bank of Greece (BoG).
At the same time, the primary cash balance turned also positive posting a surplus of 1.68 billion from deficit of 188 million last year.
Unemployment closes 2013 with new high of 27.5 pct in last quarter
The non-seasonally-adjusted unemployment rate rose to 27.5 percent in Q4, after marginally easing by 0.1 percentage points to 27 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production up 1.1 pct in Jan, first consecutive rise since Aug 2007
The Greek Industrial Production Index (IPI) showed an increase of 1.1 percent for the second straight month in January, following a 0.5 percent rise in December, according to the Hellenic Statistical Authority (ELSTAT).
Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
Following a temporary jump by 36.2 percent in November, Greek building activity (as measured by the number of building permits) resumed a negative trend in December diving by 29.6 percent according to the Hellenic Statistical Authority (ELSTAT).
Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
Greek non-seasonally-adjusted GDP contracted 2.3 percent in the fourth quarter of 2013, which was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent drop, according to provisional data published by the Hellenic Statistical Authority (ELSTAT) on Tuesday.