Macroeconomy
Car sales soar by 47.2 pct in April for 20th straight monthly rise
Τhe number of road motor vehicles (going into circulation for the first time) soared at an accelerating pace for the third straight month in April, when it rose by 47.2 percent from 29.5 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek trade deficit rises by 6.9 pct in March after successive falls
After dropping by more than 20 percent in each of the preceding two months, Greece’s trade deficit rose by 6.9 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek CPI down by 2.1 pct in April
The Greek consumer price index (CPI) fell by 2.1 percent in April, similar to the decline in March, according to the Hellenic Statistical Authority (ELSTAT).
New fiscal measures aim to edge Greece closer to deal with lenders
Greece and its lenders appear to be progressing towards a deal after weeks of deliberations and disagreement, with Athens having reportedly agreed on a set of fiscal measures.
Uptick in time deposit rates, mixed trends in corporate loans
The interest rate on households’ new time deposits edged up by 2 basis points (bps) to 1.83 percent in March from 1.81 percent in February, according to the Bank of Greece (BoG).
Unemployment rate eases to 25.4 pct in Feb, as number of unemployed falls
The seasonally adjusted (SA) unemployment rate eased for the second straight month in February, when it fell to 25.4 percent from a downward revised 25.6 percent in January, according to the Hellenic Statistical Agency (ELSTAT).
Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
Greece’s manufacturing PMI fell markedly in April, when it dropped by 2.4 points to 46.5 from 48.9 in March, according to Markit.
Retail turnover falls by 3.3 pct in Feb, down for fourth straight month
The turnover of Greece’s retail trade index dropped for the fourth straight month in February, when it fell by 3.3 percent in February from an upward revised 1.8 percent decrease in January, according to the Hellenic Statistical Agency (ELSTAT).
Parliament Budget Office sees Greece heading for recession on back of uncertainty
The Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty.
Greek bank credit contracts by 2.5 pct in March
Greek bank credit contracted by 2.5 percent in March - similar to the reduction in February - according to the Bank of Greece (BoG).