Macroeconomy
OECD sees potential for recovery in Greek economy, stresses benefits from reforms
In its latest economic survey on Greece published on Thursday, the OECD stressed the domestic economy is gradually recovering but that high social costs persist.
Unemployment rate drops further to 24 pct in Dec, lowest since April 2012
Greece’s seasonally adjusted unemployment rate continued heading south for the third successive month easing to 24 percent in December from a downward revised 24.4 percent in November, Hellenic Statistical Authority (ELSTAT) labour force survey displayed on Thursday.
CPI falls at a slower pace of 0.5 pct in February
Τhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop in January, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
Greek banks’ Eurosystem funding continued heading south for the eighth straight month in February, when it dropped by 1.86 billion to 104.23 billion, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday.
Trade deficit drops 5.1 pct in January, exports down 8.1 pct
Greece’s trade deficit fell at a decelerating pace by 5.1 percent in January from 14.3 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Turnover in the tourism sector falls 8 pct in Q4, first negative reading since Q1 2013
The Turnover Index in Accommodation and Food Services dropped by 8 percent year on year (YoY) in the fourth quarter (Q4) of 2015 from a revised rise by 5.2 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures displayed on Wednesday.
Net job hirings of 14,437 in the Greek private sector in February
The employment balance displayed net hirings of 14,437 in February, down by 687 from last year’s figure of 15,124, the Labour Ministry’s information system (Ergani) data showed on Tuesday.
Car sales down 17 percent in February
After rising in the preceding three months, the number of road motor vehicles (going into circulation for the first time) fell by 17 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
Greece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros in January 2016 from 381 million last year, according to the Finance Ministry (MoF) gg bulletin published on Thursday.
Time deposit rate almost flat in Jan, average loan rate falls 12 bps
Greek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday.