Macroeconomy
Greek unemployment rate ends 2014 at 26 pct, the first uptick since Sep 2013
The seasonally adjusted (SA) unemployment rate rose to 26 percent in December from an upward revised 25.9 percent in November, according to the Hellenic Statistical Agency (ELSTAT). This was the first uptick in the headline figure since September 2013.
Minor changes in Greek time deposit rates, higher movements in corporate loans
The interest rate on households’ new time deposits eased in January by just 2 basis points (bps), falling to 1.8 percent from 1.82 percent in December, according to the Bank of Greece (BoG).
Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
Greek banks’ Eurosystem funding jumped by 31.44 billion euros month on month (MoM) to 87.48 billion at the end of January from 56.04 billion at the end of December, according to the Bank of Greece's (BoG) monthly financial statement published today.
A closer look at planned laws for unpaid taxes and home foreclosures
Two of the four bills that the government plans to table in Parliament this week relate to the settlement of unpaid tax and social security contributions as well as the protection of primary residencies.
Greek manufacturing PMI virtually unchanged in Feb as uncertainty bites
Greece’s Manufacturing PMI rose by just 0.1 points in February to 48.4 from 48.3 in January, according to Markit.
Greek retail trade turnover index declined by 3.7 pct in December
The turnover of Greece’s retail trade index dropped for the second straight month in December, at an accelerating pace of 3.7 percent from a revised 1.4 percent decline in November, according to the Hellenic Statistical Agency (ELSTAT).
Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
The Greek seasonally adjusted (SA) GDP figures at constant prices fell by 0.4 percent quarter on quarter (QoQ) in Q4 after an increase by up to 0.7 percent in the preceding three quarters, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) today.
Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
Greek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG).
Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
Greek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG).
Sharp rise for Greek consumer confidence in Feb, economic sentiment also up
After falling in the preceding two months, Greece’s economic sentiment (ESI) rebounded by 2.9 points to 98.2 in February from 95.3 in January, according to the European Commission (EC).