Macroeconomy
Unemployment rate slips to 25.6 pct in April, lowest since July 2012
Following an upward revision of Greece’s seasonally adjusted (SA) unemployment rate to 25.8 percent in March, the jobless rate eased to 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT). Along August 2012 reading, the April headline figure indicates the lowest reading since July 2012.
General gov't cash primary surplus to May halves, arrears keep rising
The general government (gg) primary cash surplus more than halved to 557 million in the 5-month period of 2015 from 1.16 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
Greek trade deficit plunges by 24.2 pct in May
After rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Greek deposit rate almost stable, loan rate slightly up in May
The interest rate on Greek households’ new time deposits marginally slipped for the second straight month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according to the Bank of Greece (BoG).
PMI falls to 46.9 pts in June in ten straight months of contraction
Greece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below the 50-point mark implying a contraction for the tenth successive month.
Retail turnover fall accelerates to 3.3 pct in April
The turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT).
Economic sentiment down 0.7 pts in June, consumer confidence also falls
Greece’s economic sentiment (ESI) fell for the fourth straight month in June, when it was down by 0.7 points to 90.7 from 91.4 in May, according to the European Commission (EC).
Credit contracts by slower rate of 2.1 pct in May
Greek bank credit contraction further decelerated to 2.1 percent in May from 2.4 percent in April, according to the Bank of Greece (BoG).
Deposit outflows eased to 3.86 bln in May, balance below 130 bln
Greek private sector deposit outflows eased to 3.86 billion in May from 4.66 billion in Apr, according to the Bank of Greece (BoG).
Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
Greece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more than double compared to last year’s 707 million, according to the Finance Ministry (MoF) final budget bulletin released on Thursday.