Macroeconomy
Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
The interest rate on households’ new time deposits continued heading south for the ninth straight month in December, when it fell by 6 basis points (bps) to 1.82 percent, according to the Bank of Greece (BoG).
Greek Manufacturing PMI down to 48.3 pts in January, reaches 15-month low
After rising in the preceding three months, Greece’s Manufacturing PMI dropped by 1.1 points to 48.3 in January from 49.4 in December, according to Markit.
Parliament's budget office warns government to move quickly
In its latest quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged the new Greek government to move fast in order to reverse the negative climate created by snap elections and the failure of the previous administration to reach an agreement with the troika.
Greek retail turnover index down 1.6 pct in November
The turnover of Greece’s retail trade index fell 1.6 percent in November from an upward revised 0.8 percent increase in October, according to the Hellenic Statistical Agency (ELSTAT).
Greek deposits down 4.2 bln in Dec for highest outflows since June 2012
Greek private sector deposits fell for the third straight month in December, when they declined by 2.4 percent month on month (MoM). Balances reached 160.29 billion euros, according to the Bank of Greece (BoG).
Greek credit contracts by 3.1 pct in December
The rate of contraction in Greek bank credit slightly accelerated to 3.1 percent in December from 3 percent in November, according to the Bank of Greece (BoG). However, this was the second lowest negative reading since November 2011.
Greek economic sentiment down in January but consumer confidence rises
Greece’s economic sentiment (ESI) continued retreating for the second straight month in January, when it fell by 3.8 points to 95.3 from 99.1 in December, according to the European Commission (EC).
First rise since 2009 for Greek household disposable income in Q3 2014
Greek household disposable income rose by 0.03 percent year on year (YoY) in the third quarter (Q3) of 2014 following a drop of 8.3 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).
Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
Greece’s new unpaid taxes slowed to 1.27 billion euros in December from 1.59 billion in November, according to data released by the General Secretariat of Information Systems (GSIS) on Friday.
Greek current account deficit widens by 32.4 pct in November despite services surplus
Greece's current account (C/A) balance remained in negative territory for the second straight month in November, when the deficit widened by 32.4 percent to 997 million euros from 753 million last year, according to the Bank of Greece (BoG).