Macroeconomy
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.
Deposit inflows of 1.07 bln in June, highest in first half of 2016
Greek private sector deposit flow remained positive for the second straight month with inflows of 1.07 billion euros in June from 183 million in May, Bank of Greece (BoG) figures showed on Wednesday.
Credit contraction stays stable at 2 pct in June, net additions for first time this year
Greek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.