Macroeconomy
August trade deficit shrinks by 29.5 pct as imports fall faster than exports
Greece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July, according to the Hellenic Statistical Authority (ELSTAT).
Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
Greece's travel receipts grew by 10.3 percent in August from 14.4 percent in July, marking the third successive monthly increase, according to the Bank of Greece (BoG).
August sees third Greek C/A surplus in a row, reaching 1.82 bln
Greece's current account (C/A) balance recorded a surplus for the third successive month in August. It reached 1.82 billion euros, which is 50.4 percent year on year (YoY), according to the Bank of Greece (BoG).
Unpaid taxes for September fall to 1.03 bln but up 56.5 pct so far this year
After peaking at 1.42 billion euros in August, the monthly rate of Greece’s unpaid taxes dropped to 1.03 billion in September, according to data provided by the General Secretariat of Information Systems (GSIS) on Tuesday.
Fiscal consolidation leads Greek 9-month primary cash balance to 2.76 bln
Greece’s central government primary cash balance showed a surplus of 2.76 billion euros in the 9-month period, from deficit of 3.32 billion last year, according to the Bank of Greece (BoG).
Greek banks see Eurosystem funding drop to lowest level since 2009 in September
Greek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57 billion according to the Bank of Greece's (BoG) monthly financial statement.
Greek economic contraction during crisis higher at 24.6 pct, revised data shows
The Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than the previous ESA 1995 before, which produced a deeper recession over the past few years.
Bigger drop for Greek industrial production, which fell by 5.7 pct in August
The Greek Industrial Production Index (IPI) remained on a downward trend for the sixth straight month in August but fell at an accelerating pace falling of 5.7 percent, after a revised -1.1 percent drop in July, according to the Hellenic Statistical Authority (ELSTAT).
Greek building activity drops by another 8 pct in July
Τhe number of building permits issued in Greece continued heading south for the second successive month in July, dropping by 8 percent according to the Hellenic Statistical Authority (ELSTAT).
Tourism helps bring Greek unemployment down to 26.4 pct in July
The seasonally adjusted jobless rate dropped to 26.4 percent in July from a downward revised 26.7 percent in June, according to the Hellenic Statistical Agency (ELSTAT).