Macroeconomy
Economic sentiment rebounds in March, consumer confidence nosedives
Greece’s economic sentiment improved by 1.1 points to 90.1 in March after a drop of 2.6 points in February, European Commission (EC) data showed on Wednesday.
Deposit outflows for second straight month in February, at 548 mln
Greek private sector deposits headed south for the second straight month in February, with outflows easing to 548 million euros from 1.12 billion in January, Bank of Greece (BoG) data showed on Tuesday.
Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
Greek bank credit contraction accelerated for the second successive month in February to 2.3 percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday.
Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
Greece's travel receipts dropped by 4.7 percent in January after rising by 12.2 pct in December, Bank of Greece (BoG) figures showed on Wednesday.
Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
Greece’s budget primary surplus for the first two months of 2016 was confirmed at 3.04 billion euros from 1.24 billion last year, according to Wednesday’s Finance Ministry (MoF) final budget bulletin displayed.
Current account deficit jumps to 742 mln in January
Greece's current account (C/A) deficit soared 2.6 times to 742.4 million euros in January from 281.3 million a year ago, Bank of Greece (BoG) figures displayed on Tuesday.
Notable drop of 13.3 pct in industrial turnover in January
After a modest drop by 1.3 percent in December, the decline in Greece’s Turnover Index plummted by 13.3 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
After falling in the preceding two quarters, the Greek non-seasonally-adjusted unemployment rate edged up to 24.4 percent in the fourth quarter (Q4) of 2015 from 24 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash surplus quadruples to 2.09 bln in first two months of 2016
Greece’s central government primary cash balance showed a 2.09 billion-euro surplus in the 2-month period of 2015, which is four times higher than last year’s figure of 503 million, Bank of Greece (BoG) figures displayed on Wednesday.
Improvement for services sector turnover in Q4
After falling in the preceding two quarters, the majority of the turnover indices for the services sector rose year on year in the fourth quarter (Q4) of 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.