Macroeconomy
DBRS leaves credit rating of 'BBB' and stable outlook unchanged
The new round of rating reviews started on Friday with DBRS keeping Greece’s credit rating unchanged at ‘BBB’. The outlook also remained unchanged at stable.
Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
Greece’s trade deficit rose by 4 percent year-on-year (YoY) in June, significantly slowing from the 33.6 percent jump in June, according to data released by ELSTAT on Friday.
Q2 GDP moderates further to 1.7 pct YoY as households spending slows
Greece’s seasonally adjusted (SA) GDP grew modestly in Q2, rising by 0.6 percent quarter-on-quarter (QoQ), from a 0.1 percent increase in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Jobs in education lead negative hiring balance of 20,728 in July
Greece’s employment balance was negative in July with 20,728 more departures then hires, according to data from the Labour Ministry’s Ergani information system.
Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
Greece’s non-seasonally adjusted quarterly unemployment rate dropped in Q1, landing at 8.6 percent, from 10.4 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8 percent in July, from 8.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
PMI improves significantly in Aug, despite exports orders falling for four straight months
Greece’s manufacturing PMI improved significantly in August to 54.5 points, from 51.7 points in the previous month, S&P Global data showed on Monday.
Energy drives 0.5 pct YoY fall in July producer prices as other components rise
Greece’s Producer Price Index (PPI) recorded a minor contraction in July, with a drop of 0.5 percent year-on-year (YoY), after an increase of 1.6 percent in June, ELSTAT data showed on Friday.
Retail sales resume growth of 3 pct YoY in June, volumes record more modest rise
Greece’s retail sales resumed growth with a 3 percent year-on-year (YoY) in June, after a marked decline of 4.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
The credit expansion in the Greek private sector remained solid in July, rising by 10.5 percent year-on-year (YoY), unchanged from the previous month, Bank of Greece (BoG) figures released on Thursday showed.