Macroeconomy
PMI above 50 points in Dec for first time in 16 months but underlying problems remain
Greece’s Manufacturing PMI edged over the 50-point mark, which separates growth from contraction, and reached 50.2 in December from 48.1 in November, Markit’s survey showed on Monday.
Retail sales fall at slightly slower pace of 3.9 pct in Oct
The turnover of Greece’s retail trade index continued heading south in October, when it dropped by 3.9 percent from a 5.3 percent decrease in September, Hellenic Statistical Agency (ELSTAT) data showed on December 31.
Credit contraction further accelerates to 2.2 pct in November
Greek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday.
Deposit flow remains negative for the second straight month with outflows of 390 mln in November
The Greek banking system recorded deposit outflows for the second successive month of 390 million in November from 681 million in October, Bank of Greece (BoG) figures displayed on Wednesday.
Travel receipts drop by 4.1 pct in Oct for second straight fall
Greece's travel receipts dropped for the second successive month in October, when they fell by 4.1 percent following a 5.4 percent decline in September, Bank of Greece (BoG) data displayed on Tuesday.
Industrial turnover dives 18.9 pct in Oct, highest drop over last six years
The drop in Greece’s Turnover Index in Industry accelerated to 18.9 percent in October from a revised 14.2 percent in September, Hellenic Statistical Authority (ELSTAT) figures displayed on Monday.
Current account turns to a surplus of 314 mln in Oct on contracting goods deficit
Greece's current account (C/A) balance turned to a surplus of 314.2 million euros in October 2015 from a deficit of 456.1 million last year, Bank of Greece (BoG) data showed on Monday.
Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
The Greek non-seasonally-adjusted unemployment rate slipped for the second straight quarter to 24 percent in the third quarter (Q3) of 2015 from 24.6 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash surplus notably widens by 1.9 bln to 4.48 bln by November
Greece’s central government primary cash surplus notably widened by 72 percent to 4.48 billion in the 11-month period of 2015 from 2.6 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday.
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.