Macroeconomy
Despite payment of some arrears, total reached 4.6 bln at end of 2013
The Greek general government (gg) cash deficit narrowed by 48 percent to 7.05 billion in 2013 with the gg cash primary surplus dropping by 36.4 percent to 450 million from 707 million in 2012, according to the bulletin released by the Ministry of Finance (MoF) on Tuesday.
Budget execution shows surplus of 811 mln at start of 2014
Greece’s budget execution showed a primary surplus of 811 million euros in January almost double compared to the 415 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
Electricity drives rare rise in Greek industrial production index
The Greek Industrial Production Index (IPI) had a small rebound of 0.5 percent in December following a downwards revised 5.4 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT).
Greece sees Manufacturing PMI move into growth for first time since August 2009
Greece’s Manufacturing PMI improved by 1.6 points for the third consecutive month in January reaching 51.2 points from 49.6 in December, according to Markit.
Deposits up again in December but credit contraction continues apace
Greek private sector deposits increased 1.4 percent month on month (mom) for the second straight month in December with balances reaching 163.25 billion euros, according to the Bank of Greece (BoG).
Another dive for compensation in Q3 drags disposable income, consumption down
Greek household disposable income fell by 2.6 billion euros or 8 percent year on year (yoy) in the third quarter of 2013 and reached 30.4 billion, according to the Hellenic Statistical Authority (ELSTAT).
C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight
Greece's November current account (C/A) balance showed the deficit marginally shrinking to 744 million euros from 753 million last year, according to the Bank of Greece (BoG).
Narrowing of trade deficit slows in November as exports fall 22.5 pct
Greece’s trade deficit narrowed 2.4 percent to 1.54 billion euros in November, while the respective 11-month figure fell 12 percent to 17.86 billion, according to the Hellenic Statistical Authority (ELSTAT).
A closer look at Greece's 2013 budget primary surplus of 603 mln
Greece’s 2013 budget execution showed a primary surplus of 603 million euros from a deficit of 3.46 billion the previous year, according to the final data released by the Ministry of Finance (MoF).
Greek banks' reliance on Eurosystem funding rose in December for first time since April
Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, rose by 2.92 billion euros in December, according to the BoG’s 2013 annual accounts.