Macroeconomy
Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
The latest ECB semi-annual survey on the access to finance of enterprises for the six months ending in March 2016 showed that Greek SMEs continue facing the most notable obstacles in financing among their eurozone peers.
OECD sees economy picking up from second half of 2016, underlines need for reforms
In its latest economic outlook published on Wednesday, the OECD says it expects the Greek economy to recover in the second half of 2016.
PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
Greece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday.
Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
Greek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
Marginal deposit flow in April for second straight month
Greek private sector deposit flow remained minimal for the second straight month with the system recording outflows of just 40 million in April from inflows of 55 million in March, Bank of Greece (BoG) data showed on Tuesday.
Retail sales fall by 4.3 pct in March for tenth straight decline
The turnover of Greece’s retail trade index dropped at a slower pace of 4.3 percent in March from an upward revised 7.6 percent in February, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday.
Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
The Greek seasonally adjusted (SA) GDP at constant prices contracted 0.5 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2016 after a short-lived marginal increase by 0.1 percent in Q4 2015, the Hellenic Statistical Authority (ELSTAT) provisional estimates showed on Monday.
Office prices ease 0.2 pct in 2015, retail prices drop by 3.5 pct
Office prices in Greece grew by 0.2 percent in the second half (H2) of 2015, Bank of Greece (BoG) data displayed on Monday.
Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
Greece’s economic sentiment (ESI) fell by 0.6 points in May after increasing in the preceding two months, European Commission (EC) data showed on Monday.
Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
Greece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.