Macroeconomy
Greek banks' Eurosystem funding declines by another 53 mln in August
Greek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace of decline in 2014, according to the Bank of Greece's (BoG) monthly financial statement.
Greek unemployment rate hovers at 27 pct in June
The seasonally adjusted jobless rate further slipped to 27 percent in June following a downward revised 27.1 percent recorded in May, according to the Hellenic Statistical Agency (ELSTAT).
Greek CPI down by 0.3 pct in August as rate of decline slows for third month in a row
The decline in the Greek Consumer Price Index (CPI) slowed down for the third successive month to -0.3 percent in August from -0.7 percent in July, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production drops 2.1 pct in July but rate of decline slows
The rate of drop in the Greek Industrial Production Index (IPI) slowed to 2.1 percent in July after a revised 5.4 percent decline in June, according to the Hellenic Statistical Authority (ELSTAT).
Car sales up by 20.8 pct in August but rise continues to slow
The rate of increase in the number of road motor vehicles going into circulation for the first time slowed for the second consecutive month to 20.8 percent in August from 25.9 percent in July, according to the Hellenic Statistical Authority (ELSTAT).
Strong tourism season confirmed by Q2 accommodation turnover
The Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT).
Greek primary cash surplus widens to 3.2 bln in 7-month
The Greek general government (gg) primary cash surplus widened by 82.7 percent year on year (YoY) to 3.24 billion in the 7-month period of 2014 from 1.77 billion last year, according the gg bulletin released by the Ministry of Finance (MoF) today.
Loan rates rebounded in July, deposit rates continued heading south
The interest rate on households’ new time deposits fell by another 11 basis points (bps) to 2.28 percent in July, according to the Bank of Greece (BoG).
OECD report paints grim picture for Greece's labour market
In its 2014 Employment Outlook published today, OECD retains its estimates for Greek unemployment rate unchanged at 27.1 percent in 2014 and 26.7 percent in 2015.
Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
Greek non-seasonally-adjusted GDP contracted 0.3 percent year on year (YoY) in the second quarter (Q2) of 2014 from -1.1 percent in Q1, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) today.