Macroeconomy
Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014
The rate of decline in Greek consumer price index (CPI) accelerated to 2.6 percent in December from 1.2 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Growth in car sales peaks in December with rise of 69.3 pct
Τhe growth rate in the number of road motor vehicles going into circulation for the first time accelerated to 69.3 percent in December from 7.5 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Greek industrial production on the up again in November, rising by 2.3 pct
The Greek Industrial Production Index (IPI) increased by 2.3 percent in November following a downward revised 0.4 percent drop in October, according to the Hellenic Statistical Authority (ELSTAT).
Greek exports rise by 6.6 pct in November to trim trade deficit
The drop in Greece’s trade deficit accelerated to 10.7 percent in November after easing by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT).
Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
The interest rate on households’ new time deposits dropped by another 6 basis points (bps) to 1.88 percent in November, according to the Bank of Greece (BoG). This is the lowest reading since Greece accessed the euro area in 2002.
Greek unemployment drops slightly to 25.8 pct in October on lower jobless
The seasonally adjusted (SA) unemployment rate eased for the second successive month to 25.8 percent in October from an upward revised 26 percent in September, according to the Hellenic Statistical Agency (ELSTAT).
Greek economic sentiment and consumer confidence fall sharply in December
After improving in the preceding two months, Greece’s economic sentiment (ESI) fell by 3.8 points to 98.9 in December from 102.7 in November, according to the European Commission (EC).
General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
The Greek general government (gg) primary cash surplus further widened to 3.68 billion in the 11-month period of 2014, 2.4 times above the 1.53 billion in the corresponding period last year, according the gg bulletin published by the Ministry of Finance (MoF).
Manufacturing PMI up for third straight month but still falls short of growth
Greece’s Manufacturing PMI increased for the third successive month by 0.3 points to 49.4 in December from 49.1 in November, according to Markit.
Greek retail sales back on upward course in October after brief dip
After a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index rose by 0.5 percent in October, according to the Hellenic Statistical Agency (ELSTAT).