Macroeconomy
Deflation rises again in Greece: CPI down by 0.8 pct in September
Deflation in Greece resumed an upward trend in September with the Consumer Price Index (CPI) easing by 0.8 percent from 0.3 percent in August, according to the Hellenic Statistical Authority (ELSTAT).
Retail sales rise in July for second straight month - not seen since 2010
The turnover of Greece’s retail trade index increased for the second straight month by 1.5 percent in July, following a marginal increase of 0.4 percent in June, according to the Hellenic Statistical Agency (ELSTAT).
Here's what's in the 2015 draft budget the Greek government has just unveiled
The Greek Finance Ministry (MoF) submitted the 2015 draft budget on Monday, with the headline figures confirming earlier reports regarding next year's surplus and other fiscal targets.
Greek primary cash surplus more than doubles to 2.45 bln at end of August
The Greek general government (gg) primary cash surplus more than doubled year on year (YoY) reaching 2.45 billion euros in the 8-month period of 2014 from 1.17 billion last year, according the gg bulletin released by the Ministry of Finance (MoF) on Friday.
Greek time deposit rates fall further in August
The interest rate on households’ new time deposits dropped by a further 15 basis points (bps) to 2.13 percent in August, according to the Bank of Greece (BoG).
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).