Macroeconomy
March fall for Greek industrial turnover is ninth in 15 months
After a temporary stall in February, the Turnover Index in Industry resumed a negative trend in March easing by 1.1 percent, according to the Hellenic Statistical Authority (ELSTAT). The February reading was revised from a marginal drop of 0.1 percent to a slight growth of 0.3 percent.
OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
The Organisation for Economic Cooperation and Development (OECD) released a report on May 15 identifying 3.3 billion euros worth of burdensome regulations in 13 sectors weighing on businesses each year.
Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
Greek non-seasonally-adjusted GDP contracted 1.1 percent year on year (YoY) in the first quarter (Q1) of 2014 from -2.3 percent in Q4 2013, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
April saw first rise in Greek banks' Eurosystem funding this year
Greek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement.
Building activity continues to crumble, falling by 20.7 pct in Feb
Greek building activity (as measured by the number of building permits) retained on a downward curve for the third straight month in February, retreating by 20.7 percent according to the Hellenic Statistical Authority (ELSTAT).
CPI down 1.3 pct in April as Greece remains in deflation for 14th month
The Consumer Price Index (CPI) eased 1.3 percent in April, unchanged from the previous month, according to the Hellenic Statistical Authority (ELSTAT).
Greek industrial production falls in March after three months of rises
The Greek Industrial Production Index (IPI) dropped 3.1 percent in March, from an upward revised 3.1 percent increase in February, according to the Hellenic Statistical Authority (ELSTAT).
Car registrations continue to rise; up by 9.1 pct in April
Cars going into circulation for the first time showed a year on year (YoY) increase for the eighth straight month in April, rising by 9.1 percent according to Hellenic Statistical Agency (ELSTAT).
Q1 gg primary cash balance shows 2.5 bln surplus but 2014 arrears grow
The Greek general government (gg) primary cash surplus in the first quarter (Q1) of 2014 more than tripled to 2.5 billion from 770 million in the corresponding period last year, according the gg bulletin released by the Ministry of Finance on Tuesday.
OECD sees Greek recession continuing in 2014, slower recovery to follow
In its latest Economic Outlook report published on Tuesday, the Organisation for Economic Cooperation and Development (OECD) still expects Greek GDP to contract 0.3 percent in 2014 and rebound 1.9 percent in 2015.