Macroeconomy
Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
Greece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget execution bulletin published on Thursday.
Apartment prices fall at slightly slower pace of 5 percent in Q1
The drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data showed on Thursday.
General gov't figures shed more light on course of spending, revenues during crisis
The release of the 2015 detailed general government figures by the Hellenic Statistical Authority (ELSTAT) revealed some interesting findings on the evolution of the annual key figures.
Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
The Greek seasonally adjusted (SA) GDP at constant prices contracted by 0.4 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2016 after a short-lived marginal rise of 0.1 percent in Q4 2015, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday.
Eurosystem funding falls below 100-bln mark for first time since Jan 2015
Greek banks’ Eurosystem funding dropped for the tenth straight month in April, albeit at the decelerating pace of 1.88 billion euros after a decrease of 2.78 billion in March, according to the Bank of Greece's (BoG) monthly financial statement on Thursday.
Unemployment rate slips to 24.2 pct in February
Greece’s seasonally adjusted (SA) unemployment rate slipped to 24.2 percent in February from 24.4 percent in January, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Drop in building activity slows to 12.2 pct in February
Greek building permits dropped at a decelerating pace of 12.2 percent in February from 18.8 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Net job hirings in private sector reach record high of 90,631 in April
The employment balance showed net hirings of 90,631 in April 2016, up by 10,408 compared to the corresponding period last year, according to the Labour Ministry’s information system (Ergani).
Car sales soar 24.5 pct in April
The number of road motor vehicles going into circulation for the first time surged by 24.5 percent in April after a rise by 2.4 percent in March, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Trade deficit shrinks by sizable 23.7 pct in March
Greece’s trade deficit fell sharply by 23.7 percent in March after a 14.3 percent rise in February, the Hellenic Statistical Authority (ELSTAT) said on Tuesday.