Macroeconomy
Industrial production rises again in May, by 1.8 pct, after two months of decline
The Greek Industrial Production Index (IPI) rose 1.8 percent in May, following a drop of 2.1 – 2.3 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT).
Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
The number of road motor vehicles (going into circulation for the first time) continued showing strong growth of 46.3 percent in June, after increasing by 48.7 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
The Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.
General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
The Greek general government (gg) primary cash surplus amounted to 1.22 billion euros in the 5-month period from a deficit of 1.62 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF).
Loan and deposit rates edge down in May but remain above euro area average
Following a drop by 10 basis points (bps) in April, the interest rate on households’ new time deposits fell further by 18 bps 2.53 percent in May, according to the Bank of Greece (BoG).
Greek PMI falls to 49.4 in June, lowest since November 2013
Greece’s Manufacturing PMI fell by 1.6 points to 49.4 in June from 51.0 in May, according to Markit. This was the lowest reading since November with the headline figure falling back below the 50-point mark that separates growth from contraction.
Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
The year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent in May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank of Greece (BoG).
Retail sales up 3.9 pct in April for first positive YoY reading since 2010
The turnover of Greece’s retail trade index rose 3.9 percent year on year (YoY) in April from a revised -3.8 percent recorded in March, according to the Hellenic Statistical Agency (ELSTAT).
Deposits rise for third straight month in May, reaching 162.1 bln
Greek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching 162.1 billion euros, according to the Bank of Greece (BoG).
Wages index edges up YoY in Q1 after sinking by 24.8 pct since 2010
The seasonally adjusted Wages Index rose 0.6 percent year on year (YoY) in the first quarter (Q1) of 2014, while it dropped 2.3 percent quarter on quarter (QoQ) over Q4 2013, according to the Hellenic Statistical Authority (ELSTAT).