Macroeconomy
Greek PMI up to 50.1 in August, employment and profitability still falling
Greece’s Manufacturing PMI resumed an upward trend for the first time since April, rising by 1.4 points to 50.1 in August from 48.7 in July, according to Markit. This was the first reading above the 50-point mark - which separates growth from contraction - since May.
Small but rare rise of 0.4 pct for Greek retail turnover in June
The turnover of Greece’s retail trade index rebounded 0.4 percent year on year (YoY) in June after falling by a revised 8.3 percent in May, according to the Hellenic Statistical Agency (ELSTAT).
Rate of credit contraction rises to 3.7 pct in July, balances fall
The rate of drop in Greek credit to the private sector accelerated to 3.7 percent in July from 3.5 percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros in July from 214.81 billion a month ago.
Greek deposits inch up in July, reaching 163.22 bln
Greek private sector deposits increased by 0.1 percent month on month (MoM) in July, the fifth successive monthly rise, with balances reaching 163.22 billion euros, according to the Bank of Greece (BoG).
Greek economic sentiment and consumer confidence fall in August
Greece’s economic sentiment deteriorated for the second straight month, easing to 101.9 points in August from 102.6 in July, according to the European Commission (EC).
Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
The rate of rise in Greece’s unpaid taxes remained virtually unchanged at 1.01 billion in July from 1.03 billion in June, according to data provided by the General Secretariat of Information Systems.
Greek trade deficit rises by 7.4 pct in June but rate of increase slows
After a double-digit rise in the preceding four months, the rate of increase in Greece’s trade deficit decelerated to 7.4 percent in June from 21.9 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
After a temporary slowdown in May, Greece's travel receipts rebounded strongly in June, shooting up by 16.3 percent from 0.8 percent in May, according to the Bank of Greece (BoG)..
Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July
Greece’s budget primary surplus widened to 2.28 billion euros in the 7-month period from 707 million posted in the first half of the year, according to the final budget execution bulletin released by the Ministry of Finance (MoF).
Services help increase Greek current account surplus to 1.37 bln in June
Greece's June current account (C/A) balance showed the country’s surplus widening by 53 percent to 1.37 billion euros from 898 million last year, according to the Bank of Greece (BoG).