Macroeconomy
OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
In its latest Economic Outlook report released on Wednesday, the OECD slashed its Greek GDP estimates to 0.1 percent in 2015 from 2.3 percent in its previous forecast published last November.
Greek SMEs face biggest obstacles to finance in euro area, ECB finds
The latest ECB bi-annual survey on enterprises’ access to finance for the six months ending in March 2015 reaffirmed that Greek SMEs continue to face the most significant obstacle among their eurozone peers.
PMI improves in May but points to further deterioration in manufacturing
Greece’s Manufacturing PMI improved by 1.5 points in May, rising to 48 from 46.5 in April, according to Markit.
Downturn in retail trade eases to 0.4 pct in March
The turnover of Greece’s retail trade index headed south for the fifth successive month in March but the rate of decline eased to 0.4 percent in March from a revised 3.1 percent in February, according to the Hellenic Statistical Agency (ELSTAT).
Greek credit contracts by 2.4 pct in April for slowest drop since 2011
Greece's credit contraction marginally decelerated to 2.4 percent in April from 2.5 percent in March, according to the Bank of Greece (BoG). The April headline figure is the slowest drop since October 2011.
Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
Greek private sector deposit outflows accelerated to 4.66 billion euros in April, which is more than double compared to the March figure of 2.19 billion, according to the Bank of Greece (BoG).
Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
The Greek seasonally adjusted (SA) GDP at constant prices contracted quarter on quarter (QoQ) for the second successive quarter by 0.2 percent in Q1 2015 from 0.4 percent in Q4 2014, according to the provisional estimates published by the Hellenic Statistical Authority (ELSTAT) today.
Economic sentiment, consumer confidence down for third straight month in May
Greece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission.
Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct
Greece's travel receipts rose at a slower rate of 13.3 percent in March from 16.2 percent in February, according to the Bank of Greece (BoG).
Smaller rise of 737 mln for unpaid taxes in April
Greece’s new unpaid taxes eased month on month (MoM) for the third straight month in April, coming in at 737 million euros from 989 million in March, according to data released by the General Secretariat of Information Systems (GSIS).