Macroeconomy
August sees third Greek C/A surplus in a row, reaching 1.82 bln
Greece's current account (C/A) balance recorded a surplus for the third successive month in August. It reached 1.82 billion euros, which is 50.4 percent year on year (YoY), according to the Bank of Greece (BoG).
Unpaid taxes for September fall to 1.03 bln but up 56.5 pct so far this year
After peaking at 1.42 billion euros in August, the monthly rate of Greece’s unpaid taxes dropped to 1.03 billion in September, according to data provided by the General Secretariat of Information Systems (GSIS) on Tuesday.
Fiscal consolidation leads Greek 9-month primary cash balance to 2.76 bln
Greece’s central government primary cash balance showed a surplus of 2.76 billion euros in the 9-month period, from deficit of 3.32 billion last year, according to the Bank of Greece (BoG).
Greek banks see Eurosystem funding drop to lowest level since 2009 in September
Greek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57 billion according to the Bank of Greece's (BoG) monthly financial statement.
Greek economic contraction during crisis higher at 24.6 pct, revised data shows
The Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than the previous ESA 1995 before, which produced a deeper recession over the past few years.
Bigger drop for Greek industrial production, which fell by 5.7 pct in August
The Greek Industrial Production Index (IPI) remained on a downward trend for the sixth straight month in August but fell at an accelerating pace falling of 5.7 percent, after a revised -1.1 percent drop in July, according to the Hellenic Statistical Authority (ELSTAT).
Greek building activity drops by another 8 pct in July
Τhe number of building permits issued in Greece continued heading south for the second successive month in July, dropping by 8 percent according to the Hellenic Statistical Authority (ELSTAT).
Tourism helps bring Greek unemployment down to 26.4 pct in July
The seasonally adjusted jobless rate dropped to 26.4 percent in July from a downward revised 26.7 percent in June, according to the Hellenic Statistical Agency (ELSTAT).
Increase in car sales accelerates to 44.3 pct in September
Following a slowdown in the previous two months, the rate of growth in the number of road motor vehicles (going into circulation for the first time) accelerated to 44.3 percent in September, more than double from the August reading, according to the Hellenic Statistical Authority (ELSTAT).
Deflation rises again in Greece: CPI down by 0.8 pct in September
Deflation in Greece resumed an upward trend in September with the Consumer Price Index (CPI) easing by 0.8 percent from 0.3 percent in August, according to the Hellenic Statistical Authority (ELSTAT).