Macroeconomy
New fiscal measures aim to edge Greece closer to deal with lenders
Greece and its lenders appear to be progressing towards a deal after weeks of deliberations and disagreement, with Athens having reportedly agreed on a set of fiscal measures.
Uptick in time deposit rates, mixed trends in corporate loans
The interest rate on households’ new time deposits edged up by 2 basis points (bps) to 1.83 percent in March from 1.81 percent in February, according to the Bank of Greece (BoG).
Unemployment rate eases to 25.4 pct in Feb, as number of unemployed falls
The seasonally adjusted (SA) unemployment rate eased for the second straight month in February, when it fell to 25.4 percent from a downward revised 25.6 percent in January, according to the Hellenic Statistical Agency (ELSTAT).
Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
Greece’s manufacturing PMI fell markedly in April, when it dropped by 2.4 points to 46.5 from 48.9 in March, according to Markit.
Retail turnover falls by 3.3 pct in Feb, down for fourth straight month
The turnover of Greece’s retail trade index dropped for the fourth straight month in February, when it fell by 3.3 percent in February from an upward revised 1.8 percent decrease in January, according to the Hellenic Statistical Agency (ELSTAT).
Parliament Budget Office sees Greece heading for recession on back of uncertainty
The Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty.
Greek bank credit contracts by 2.5 pct in March
Greek bank credit contracted by 2.5 percent in March - similar to the reduction in February - according to the Bank of Greece (BoG).
Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
Greek private sector deposit outflows slowed to 2.19 billion in March from 7.63 billion in February, according to the Bank of Greece (BoG).
Big falls for economic sentiment and consumer confidence in April
Greece’s economic sentiment (ESI) contracted by 4.1 points to 92.7 in April from 96.8 in March, according to the European Commission.
Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct
Greek household disposable income grew for the second straight quarter by 1.4 percent year on year in the fourth quarter (Q4) of 2014 after an upward revised 1 percent rise in Q3, according to the Hellenic Statistical Authority (ELSTAT).