Macroeconomy
Cash primary surplus reaches 1.3 bln at end of June on lower expenditure
Greece’s central government primary cash surplus eased by 4.6 percent to to 1.3 billion euros in the first half of 2015 from 1.37 billion last year, according to the Bank of Greece (BoG).
Credit standards tougher in Q2, expected to tighten further
Credit standards for corporate loans tightened quarter on quarter (QoQ), according to the Bank of Greece (BoG) bank lending survey (BLS) for the second quarter (Q2) of 2015.
Building activity up by 6.2 pct in April for third straight rise
Greek building permits advanced for the third straight month by 6.2 percent in April from 19.1 percent in Mar, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production down by 4 pct in May after three successive rises
After rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT).
Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
Τhe number of road motor vehicles (going into circulation for the first time) rose, albeit at a slower pace, by 21.7 percent in June from 27.9 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Consumer prices drop further by 2.2 pct in June
The Greek consumer price index (CPI) fell by 2.2 percent in June after a drop by 2.1 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT). This indicates the seven straight negative reading above the 2-percent mark.
Unemployment rate slips to 25.6 pct in April, lowest since July 2012
Following an upward revision of Greece’s seasonally adjusted (SA) unemployment rate to 25.8 percent in March, the jobless rate eased to 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT). Along August 2012 reading, the April headline figure indicates the lowest reading since July 2012.
General gov't cash primary surplus to May halves, arrears keep rising
The general government (gg) primary cash surplus more than halved to 557 million in the 5-month period of 2015 from 1.16 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
Greek trade deficit plunges by 24.2 pct in May
After rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Greek deposit rate almost stable, loan rate slightly up in May
The interest rate on Greek households’ new time deposits marginally slipped for the second straight month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according to the Bank of Greece (BoG).