Macroeconomy
Greece sees travel receipts rise again in July to reach 2.74 bln
Greece's travel receipts increased for the second straight month in July, rising by 14.4 percent, according to the Bank of Greece (BoG). They were up 16.3 percent in June.
Current account surplus reaches 1.68 bln in July thanks to services
Greece's current account (C/A) balance posted a surplus for the second straight month in July, reaching 1.68 billion euros in July, which was 40.3 percent down year on year (YoY), according to the Bank of Greece (BoG).
Sudden jump in unpaid taxes last month takes total to almost 70 bln
The rate of increase in Greece’s unpaid taxes significantly accelerated to 1.42 billion in August from around 1 billion in the preceding two months, according to data provided by the General Secretariat of Information Systems today.
Industrial turnover up 0.4 pct in July for rare second straight month of growth
The Turnover Index in Industry advanced for the second straight month in July, rising by 0.4 percent following an upward revised 11 percent increase in June, according to the Hellenic Statistical Authority (ELSTAT).
Seasonal jobs bring down Q2 unemployment to 26.6 pct but long-term jobless rising
The non-seasonally-adjusted unemployment rate posted a drop both year on year (YoY) and quarter on quarter (QoQ) to 26.6 percent in Q2 2014 from 27.8 percent in the previous quarter and 27.3 percent in Q2 2013, according to the Hellenic Statistical Authority (ELSTAT).
Increase in number of services that saw their turnover decrease in Q2
The evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Hellenic Statistical Authority (ELSTAT).
Greek central government primary cash surplus to August at 2.3 bln
Greece’s central government primary cash balance turned to a surplus of 2.32 billion in the 8-month period from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation of 5.53 billion year on year.
Building activity falls 10.7 pct in June after brief rise in May
After a short-lived rise of 1.2 percent in May, the number of building permits issued in Greece fell by 10.7 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Greek banks' Eurosystem funding declines by another 53 mln in August
Greek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace of decline in 2014, according to the Bank of Greece's (BoG) monthly financial statement.
Greek unemployment rate hovers at 27 pct in June
The seasonally adjusted jobless rate further slipped to 27 percent in June following a downward revised 27.1 percent recorded in May, according to the Hellenic Statistical Agency (ELSTAT).