Macroeconomy
As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
The Bank of Greece (BoG) published a report on Wednesday titled “The Chronicle of the big Crisis,” outlining the critical actions the BoG took between 2008 and 2013.
Industrial Production Index in negative territory for the year, at -2.2 pct in April
The Greek Industrial Production Index (IPI) fell 2.2 percent in April following a downward revised 2.7 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT).
This is the eleventh negative reading over the past 16 months.
Greek May CPI falls 2 pct in one of biggest drops for more than a year
The Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months.
Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010
Greek non-seasonally-adjusted GDP contracted 0.9 percent year on year (YoY) in the first quarter of 2014 from -2.3 percent posted in Q4 2013, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) today.
May sees 48.7 pct rise in number of new cars in circulation
The growth in the number of road motor vehicles (going into circulation for the first time) accelerated to 48.7 percent in May from 9.1 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Accommodation and food services index rises by 44.9 pct in Q1
The Turnover Index in Accommodation and Food Services soared 44.9 percent in the first quarter (Q1), accelerating from the 35.9 percent posted in the last quarter of 2013, according to Hellenic Statistical Authority (ELSTAT).
Unemployment rate edges down for sixth straight month to 26.8 pct in March
The seasonally adjusted jobless rate slipped for the sixth straight month in March, edging down to 26.8 percent from an upwards revised 26.9 percent in February, according to the Hellenic Statistical Agency (ELSTAT).
General gov't primary cash surplus to April at 1.69 bln
The Greek general government (gg) primary cash surplus stood at 1.69 billion in the 4-month period (Jan-Apr) from a deficit of 755 million last year, according the gg bulletin released by the Ministry of Finance (MoF).
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.