Macroeconomy
Court ruling creates new complication for gov't, this time with property tax
According to reports, the plenary of the Council of State has decided that the statutory (“objective”) prices for real estate should be retrospectively adjusted as of May 21, 2015.
Slight deterioration in services sector turnover in Q3
The majority of the turnover indices for the services sector fell in the third quarter (Q3) of 2015 for the second successive quarter, Hellenic Statistical Authority (ELSTAT) figures displayed on Tuesday.
Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
Greek banks’ Eurosystem funding fell by 5.98 billion euros in November following a drop by 2.01 billion in October, Bank of Greece's (BoG) monthly financial statement displayed on Monday.
Building activity down by 3.5 pct in Sept for third straight fall
Greek building permits fell for the third straight month in September but at a decelerating pace of 3.5 percent from 11.4 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Unemployment nudges down to 24.6 pct in Sept
Greece’s jobs market remained on the slow path to recovery in September, when the unemployment rate reached 24.6 percent from an upward revised 24.7 percent in August.
Industrial production back on downward trajectory with 1.9 pct drop in Oct
After rising in the preceding two months, Greek Industrial Production Index (IPI) fell by 1.9 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Deflation slows to 0.7 pct in Nov
The fall in the Greek Consumer Price Index (CPI) slowed to 0.7 percent in November from 0.9 percent in October, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years
The seasonally adjusted (SA) Wages Index posted an increase by 2.7 percent in the third quarter (Q3) of 2015 after a drop of 2.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Car sales resume double-digit growth rate in Oct with 15.2 pct rise
After a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going into circulation for the first time) rebounded by 15.2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Turnover in tourism sector increases by 9.9 pct in Q3
The growth in the Turnover Index in Accommodation and Food Services slowed to 9.9 percent in the third quarter (Q3) of 2015 from 13.4 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed.