Macroeconomy
Greek CPI falls at slower pace of 0.7 pct in July
The drop in the Consumer Price Index (CPI) decelerated for the second straight month to 0.7 percent in July from 1.1 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
The drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent in Q2 2014 from 8.5 percent in Q1, according to the Bank of Greece (BoG).
Greek PMI falls again in July, dropping to 48.7 points
Greece’s Manufacturing PMI headed south for the second successive month in July, easing by 0.7 points to 48.7 from 49.4 in June, according to Markit.
BoG shows lower deposit rates and a sharper drop in loan rates in June
Τhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39 percent in June, according to the Bank of Greece (BoG).
Greek retail sales dive 8.5 pct in May after brief rise in April
The turnover of Greece’s retail trade index resumed a negative trend in May dropping by 8.5 percent year on year (YoY) after increasing by 3.8 percent in April, according to the Hellenic Statistical Agency (ELSTAT).
After recent series of rises, economic sentiment and consumer confidence dip in July
After increasing by almost 8 points in the preceding two months, Greece’s economic sentiment fell by 1.1 points to 102.6 in July, according to the European Commission (EC).
Parliament's budget office sees Greek recovery finely poised
In its latest quarterly report published on Monday, the Parliamentary Budget Office (PBO) argues that the Greek economy could grow by more than expected this year but that a series of concerns, including bank stress tests, unpaid taxes, lack of structural reforms and stagnant exports could yet weigh on the recovery.
Greek deposits inch up again in June, reaching 163.21 bln
Greek private sector deposits increased 0.7 percent month on month (MoM) in June, with balances rising for the fourth straight month and reaching 163.21 billion euros, according to the Bank of Greece (BoG).
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).