Macroeconomy
Drop in trade deficit slows to 8.8 pct in August as decline in imports decelerates
Following a nosedive of 63.1 percent in July, Greece’s trade deficit fell by 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) said on Thursday.
Unemployment unchanged at 25 pct in July
Greece’s seasonally adjusted (SA) unemployment rate remained stable at 25 percent in July, following a downward revision of the figure for June, the Hellenic Statistical Agency (ELSTAT) labour force survey displayed on Thursday.
Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
The Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday.
Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
The Greek Finance Ministry (MoF) submitted the 2016 draft budget to Parliament on Monday evening.
PMI rebounded in September, but survey data still point to a downturn on lack of new orders
Greece’s Manufacturing PMI further rose by 4.2 points to 43.3 in September from 39.1 in August, Markit said on Thursday.
New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
Following a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate fell by another 12 bps to 1.19 percent in August Bank of Greece (BoG) figures showed on Thursday.
Retail sales nosedive by 8.7 pct in July amid capital controls
The turnover of Greece’s retail trade index fell sharply by 8.7 percent in July, after a 1.7 percent drop in June, the Hellenic Statistical Agency (ELSTAT) said on Wednesday.
Economic sentiment rebounds in September after six-month drop
After dropping in the preceding six months, Greece’s economic sentiment (ESI) strongly rebounded in September, when it rose by 7.9 points to 83.1 from 75.2 in August, European Commission (EC) figures showed on Tuesday.
Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
Greek private sector deposit flow displayed inflows of 449 million euros in August from outflows of 1.51 billion in July, Bank of Greece (BoG) data showed on Friday.
Bank credit eases 1.6 pct in August on slightly accelerating negative flow
Following a deceleration in the preceding four months, Greek bank credit contraction resumed a slightly accelerating trend at 1.6 percent in August from 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.