Macroeconomy
Cost of Greek corporate loans rises in April, remains well above euro average
After remaining stable for the past five months, the interest rate on households’ new time deposits eased by 10 basis points (bps) to 2.71 percent in April, according to the Bank of Greece (BoG).
Data for May shows Greek PMI in growth territory for second straight month
Greece’s Manufacturing PMI remained above the 50-point mark, which separates growth from contraction, for the second straight month in May, albeit marginally easing by 0.1 points to 51.0, according to Markit.
Drop in Greek retail sales accelerates to 3.4 pct in March
The turnover of Greece’s retail trade index fell by 3.4 percent year on year (YoY) in March, from a revised -1.9 percent posted in February, according to the Hellenic Statistical Agency (ELSTAT).
Greek Tourism Association sees tourist arrivals rising to 19 mln for 2014
The Association of Greek Tourism Enterprises (SETE) increased on Wednesday its estimate for international tourist arrivals in 2014 to 19 million from 18.5 million.
Greek credit contracts again in April but at slightly lower rate of 3.7 pct
The year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April from 4.1 percent in March, with balances easing to 215.14 billion euros, according to the Bank of Greece (BoG).
Greek deposits edge up for second month in April, reach 161.3 bln
Greek private sector deposits increased 0.2 percent month on month (MoM) in April, with balances reaching 161.3 billion euros, according to the Bank of Greece (BoG).
Greek economic sentiment for May at highest point since August 2008
Greece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points in April, according to the European Commission (EC).
Greek trade deficit increases by 14.7 pct in March
Greece’s trade deficit continued heading north for the second successive month rising by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
Fitch upgrades Greek credit rating to B with stable outlook
As previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B-‘ with a stable outlook, yet still remaining in the non-investment grade.
Greece's C/A deficit for March drops sharply to 44.4 mln
Greece's March current account (C/A) deficit shrank to 44.4 million from 1.24 billion last year, according to the Bank of Greece (BoG).