Macroeconomy
Sharp drop in gg primary surplus by end-April, arrears keep rising
The general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million euros in the 4-month period of 2015 from 1.6 billion in the corresponding period last year, according the gg bulletin published by the Ministry of Finance (MoF) on Friday.
Minor movements in Greek deposit and loan rates in April
The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82 percent in April from 1.83 percent in March, according to the Bank of Greece (BoG).
Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
Greece’s seasonally adjusted (SA) unemployment rate remained unchanged at 25.6 percent in March, following the upward revision of Ferbuary’s figure, according to the Hellenic Statistical Agency (ELSTAT).
OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
In its latest Economic Outlook report released on Wednesday, the OECD slashed its Greek GDP estimates to 0.1 percent in 2015 from 2.3 percent in its previous forecast published last November.
Greek SMEs face biggest obstacles to finance in euro area, ECB finds
The latest ECB bi-annual survey on enterprises’ access to finance for the six months ending in March 2015 reaffirmed that Greek SMEs continue to face the most significant obstacle among their eurozone peers.
PMI improves in May but points to further deterioration in manufacturing
Greece’s Manufacturing PMI improved by 1.5 points in May, rising to 48 from 46.5 in April, according to Markit.
Downturn in retail trade eases to 0.4 pct in March
The turnover of Greece’s retail trade index headed south for the fifth successive month in March but the rate of decline eased to 0.4 percent in March from a revised 3.1 percent in February, according to the Hellenic Statistical Agency (ELSTAT).
Greek credit contracts by 2.4 pct in April for slowest drop since 2011
Greece's credit contraction marginally decelerated to 2.4 percent in April from 2.5 percent in March, according to the Bank of Greece (BoG). The April headline figure is the slowest drop since October 2011.
Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
Greek private sector deposit outflows accelerated to 4.66 billion euros in April, which is more than double compared to the March figure of 2.19 billion, according to the Bank of Greece (BoG).
Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
The Greek seasonally adjusted (SA) GDP at constant prices contracted quarter on quarter (QoQ) for the second successive quarter by 0.2 percent in Q1 2015 from 0.4 percent in Q4 2014, according to the provisional estimates published by the Hellenic Statistical Authority (ELSTAT) today.