Macroeconomy
Credit contracts by 3.5 pct in June, balances at 214.81 bln
Credit in the Greek market contracted by 3.5 percent in June, unchanged from the previous month and with balances slightly increasing to 214.81 billion euros, according to the Bank of Greece (BoG).
Greek trade deficit up by 21.9 pct in May as exports sink further
The rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed
The rate of increase in Greece’s unpaid taxes accelerated to 1.03 billion euros in June from 873 million in May and 763 million in April, according to data provided by the General Secretariat of Information Systems, which also revealed that most tax collection targets are being missed.
In third straight month of decline, industrial turnover falls 4.9 pct in May
The Turnover Index in Industry continued heading south for the third successive month dropping by 4.9 percent in May from a revised -10.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
As imports rise, Greek C/A balance flips back to deficit in May
Greece's May current account (C/A) balance showed a deficit of 246.2 million from a surplus of 69.6 million last year, according to the Bank of Greece (BoG).
Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
Greek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling by 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement.
Central gov't primary cash surplus reaches 1.37 billion in first half of year
Greece’s central government net balance to June on a cash basis showed the deficit shrinking by 78 percent, or 6.8 billion euros, to 1.82 billion from 8.72 billion last year, according to the Bank of Greece (BoG).
Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
The number of building permits issued in Greece in April plunged by 35.6 percent in, accelerating from the 16 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT).
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).