Macroeconomy
Greek PMI drops into contraction territory in September, falling to 48.4 points
Greece’s Manufacturing PMI dropped 1.7 points to 48.4 in September from 50.1 in August, according to Markit.
Troika review begins with fiscal targets and tax breaks in focus
The troika begins its latest review of the Greek program on Tuesday, just six days before the 2015 draft budget is due to be submitted to Parliament. The focus is on what fiscal targets the government will have and what tax breaks it will be able to offer.
Greek economic sentiment and consumer confidence fall for third month in a row
Greece’s economic sentiment (ESI) decreased for the third successive month at an accelerating pace, falling to 99.3 in September from 102 in August, according to the European Commission (EC).
Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
After a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT).
Greek deposits up 0.6 pct to 164.23 bln in August, which sees year's highest inflows
Greek private sector deposits rose 0.6 percent month on month (MoM) for the sixth straight month in August, with balances reaching 164.23 billion euros, according to the Bank of Greece (BoG).
Credit in Greece contracts by 3.5 pct in August
The rate at which credit to the Greek private sector is contracting slightly eased to 3.5 percent in August from 3.7 percent in July, according to the Bank of Greece (BoG).
Greek trade deficit widens by 29.4 pct in July as import rate soars
The rate at which Greece’s trade deficit is expanding was back into double digits in July, when it increased by 29.4 percent from 7.4 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Greece sees travel receipts rise again in July to reach 2.74 bln
Greece's travel receipts increased for the second straight month in July, rising by 14.4 percent, according to the Bank of Greece (BoG). They were up 16.3 percent in June.
Current account surplus reaches 1.68 bln in July thanks to services
Greece's current account (C/A) balance posted a surplus for the second straight month in July, reaching 1.68 billion euros in July, which was 40.3 percent down year on year (YoY), according to the Bank of Greece (BoG).
Sudden jump in unpaid taxes last month takes total to almost 70 bln
The rate of increase in Greece’s unpaid taxes significantly accelerated to 1.42 billion in August from around 1 billion in the preceding two months, according to data provided by the General Secretariat of Information Systems today.