Macroeconomy
Greek economy surprises in Q3, eases by a marginal 0.5 pct
The Greek seasonally adjusted (SA) GDP at constant prices fell quarter on quarter (QoQ) by 0.5 percent in Q3 2015 following a downward revised 0.4 percent growth posted in Q2, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday.
Marked improvement for budget execution in Oct, primary surplus outperformance extended
Following a deteriorated fiscal performance in September, Greece’s budget primary balance showed a surplus of 1.45 billion euros in October from deficit of 726 million in September, Finance Ministry (MoF) preliminary budget figures showed on Friday.
Building permits down 11.4 pct in August for second successive drop
Greek building permits dropped for the second successive month, yet at a slower pace by 11.4 percent in August from a 31.6 percent in July, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Unemployment down for second straight month in August, falls to 24.6 pct
Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month to 24.6 percent in August from a downward revised 24.9 percent in July, the Hellenic Statistical Agency (ELSTAT) labour force survey showed on Thursday.
General government primary cash surplus narrows to 2.48 bln, arrears almost stable in Sept
The general government (gg) primary cash surplus narrowed by 20.7 percent to 2.48 billion in the 9-month period of 2015 from 3.412 billion last year, the Finance Ministry (MoF) gg bulletin displayed on Tuesday.
Car sales down by 13.8 pct in Oct for the second fall this year
The number of road motor vehicles (going into circulation for the first time) fell by 13.8 percent in October, after rising by 6.7 percent in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
CPI drops at decelerating pace of 0.9 pct in Oct
The decline in the Greek Consumer Price Index (CPI) markedly decelerated to 0.9 percent in October from the 1.7 percent drop posted in September, Hellenic Statistical Authority (ELSTAT) data displayed on Tuesday.
Industrial production up by 2.8 pct in Sept for second straight raise
Greek Industrial Production Index (IPI) grew for the second straight month but at the slower pace of 2.8 percent in September from a downward revised 4.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
OECD sees recession in 2015-16, stresses need for reform implementation
In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates on Greece and is now expecting a recession of 1.4 percent in 2015 and 1.2 percent in 2016.
Trade deficit falls by markedly accelerating pace of 24.2 pct in Sept
The drop in Greece’s trade deficit accelerated to 24.2 percent in September from 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.