Macroeconomy
Improving car sales in Greece continue with 27.9 pct rise in May
Τhe number of road motor vehicles (going into circulation for the first time) continued posting strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production up again in April but at slower rate of 0.4 pct
Greece’s Industrial Production Index (IPI) increased for the third straight month in April, albeit at a decelerating pace of 0.4 percent in April after an upward revised 5.3 percent growth in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek trade deficit up 6 pct in April despite growth in exports
Greece’s trade deficit increased for the second successive month in April, when it rose by 6 percent after a 6.9 percent rise in March, according to the Hellenic Statistical Authority (ELSTAT).
Growth in accommodation and food services turnover slows to 6 pct in Q1
The Turnover Index in Accommodation and Food Services grew for the eighth successive quarter in Q1 2015, albeit at a slower pace of 6 percent from 22.2 percent in Q4 2014, according to Hellenic Statistical Authority (ELSTAT).
Sharp drop in gg primary surplus by end-April, arrears keep rising
The general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million euros in the 4-month period of 2015 from 1.6 billion in the corresponding period last year, according the gg bulletin published by the Ministry of Finance (MoF) on Friday.
Minor movements in Greek deposit and loan rates in April
The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82 percent in April from 1.83 percent in March, according to the Bank of Greece (BoG).
Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
Greece’s seasonally adjusted (SA) unemployment rate remained unchanged at 25.6 percent in March, following the upward revision of Ferbuary’s figure, according to the Hellenic Statistical Agency (ELSTAT).
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.