Macroeconomy
Greek credit contracts by 3.1 pct in December
The rate of contraction in Greek bank credit slightly accelerated to 3.1 percent in December from 3 percent in November, according to the Bank of Greece (BoG). However, this was the second lowest negative reading since November 2011.
Greek economic sentiment down in January but consumer confidence rises
Greece’s economic sentiment (ESI) continued retreating for the second straight month in January, when it fell by 3.8 points to 95.3 from 99.1 in December, according to the European Commission (EC).
First rise since 2009 for Greek household disposable income in Q3 2014
Greek household disposable income rose by 0.03 percent year on year (YoY) in the third quarter (Q3) of 2014 following a drop of 8.3 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).
Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
Greece’s new unpaid taxes slowed to 1.27 billion euros in December from 1.59 billion in November, according to data released by the General Secretariat of Information Systems (GSIS) on Friday.
Greek current account deficit widens by 32.4 pct in November despite services surplus
Greece's current account (C/A) balance remained in negative territory for the second straight month in November, when the deficit widened by 32.4 percent to 997 million euros from 753 million last year, according to the Bank of Greece (BoG).
Eurosystem funding for Greek banks shoots up by 11.2 bln in December
Greek banks’ Eurosystem funding shot up by 11.19 billion to 56.04 billion euros at the end of December from 44.85 billion at the end of November, according to the Bank of Greece's (BoG) annual financial statement.
Industrial turnover dips again in November after upswing in two previous months
After rising in the previous two months, the Turnover Index in Industry fell by 0.7 percent in November from an upward revised 4.6 percent increase in October, according to the Hellenic Statistical Authority (ELSTAT).
Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
Greece’s central government primary cash balance posted a surplus of 1.42 billion in 2014 from deficit of 6.72 billion in 2013, according to the Bank of Greece (BoG).
Fall in Greek building activity accelerates to 19 pct in October
Τhe number of building permits issued in Greece fell for the fifth straight month in October, when they declined by 19 percent from 11.2 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
Stronger rise of 4.1 pct for Greek industrial turnover in October
Τhe Turnover Index in Industry increased for the second straight month in October at an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according to the Hellenic Statistical Authority (ELSTAT).