Macroeconomy
Rare rebound for retail trade with 2.5 pct rise in May
The turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT).
Drop in corporate loan rates led the average loan rate at a new historic low
Greek households’ new time deposit rate remained at 1.81 percent in June unchanged from the previous month, according to the Bank of Greece (BoG).
Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
Greece’s economic sentiment (ESI) dropped for the fifth successive month at a marked accelerating pace by 9.4 points to 81.3 in July from 90.7 in June, according to the European Commission (EC).
Parliament's budget office rings alarm bell on economic prospects
The Greek economy deteriorated in the first half of 2015 and the country has entered again into a recessionary trajectory, according to the quarterly report of the Parliamentary Budget Office (PBO).
Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
Greek bank credit contracted at a decelerating pace for the third successive month by 1.7 percent in June from 2.1 percent in May, according to the Bank of Greece (BoG). The June headline rate indicates the slowest decline since August 2011.
June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
Greek private sector deposit outflows accelerated to 7.58 billion euros in June from 3.86 billion in May, according to the Bank of Greece (BoG).
Primary surplus 3.1 bln above target in H1 on severe underspend
Greece’s budget primary surplus widened to 1.88 billion euros in the first six months of 2015 from 1.51 billion in the five-month period, according to the Finance Ministry (MoF) final budget bulletin published on Thursday.
Disposable income up by 2.6 pct in Q1 for highest reading since 2009
Greek household disposable income rose for the third successive quarter in Q1 of 2015, when it increased by 2.6 percent, which is faster than the 1.4 percent rise posted in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
Travel receipts up 17 pct in May as average expenditure per trip rebounds
Greece's travel receipts continued heading north at a double-digit rate in May, when they rose by 17 percent in May from 16.3 percent in April, according to the Bank of Greece (BoG).
Current account surplus at 407 mln in May - first positive balance since Sept 2014
Greece's current account (C/A) balance showed a surplus of 407 million in May from deficit of 299 million last year, according to the Bank of Greece (BoG).