Macroeconomy
SETE study presents short- and longer-term prospects of Greek tourism
The Association of Greek Tourism Enterprises (SETE) published on Thursday the first issue of a periodical study outlining the developments and prospects of Greek tourism.
General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln
Greece’s general government (gg) primary cash surplus expanded considerably to 3.33 billion euros in the first half of 2016 from just 245 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Thursday.
New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln
Greece’s new unpaid taxes increased by another 1.22 billion euros in June, in line with the 1.25 billion rise recorded in May, General Secretariat of Public Revenues (GSPR) data displayed on Thursday.
Unemployment rate stable at 23.5 pct in May after upward revision for April
Greece’s seasonally adjusted (SA) unemployment rate remained stable at 23.5 percent in May after the April figure, initially reported at 23.3 percent, was increased to the same figure, the Hellenic Statistical Authority’s (ELSTAT) labour force survey showed on Thursday.
Bank of Greece publishes revised Code of Conduct for management of NPLs
Bank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1 million euros).
Minor uptick in time deposit and average loan interest rate in June
Greek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from 0.85 percent in May, Bank of Greece (BoG) data showed on Tuesday.
PMI falls back into contraction territory in July, landing at 48.7 pts
Greece’s manufacturing sector returned to contraction territory in July, according to data released by Markit on Monday.
Wages index up by 0.7 pct in Q1 for second straight increase
The seasonally adjusted (SA) Wages Index rose for the second successive quarter in Q1 of 2016, when it increased by 0.7 percent, slightly accelerating from the 0.4 percent jump recorded in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Decline in retail sales accelerates to 8 pct in May
Greece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday.
Economic sentiment improves to its highest level of 90.7 pts for 2016, consumer confidence falls by 1.2 pts
Greece’s economic sentiment (ESI) improved by 1.2 points in July after remaining stable in June, the European Commission (EC) figures showed on Thursday.