Macroeconomy
C/A deficit to April narrows by 34.7 pct boosted by services
Greece's April current account (C/A) deficit slightly rose by 1.3 percent to 1.17 billion from 1.15 billion last year, according to the Bank of Greece (BoG).
Greek industrial turnover drop accelerates in April
The Turnover Index in Industry remained in negative territory for the second straight month falling at an accelerating pace by 9.8 percent in April from -1.2 percent in March, according to the Hellenic Statistical Authority (ELSTAT). The April reading indicates the highest drop since December.
Majority of services sectors still see contraction in turnover in Q1 2014
The evolution of turnover indices for the services sector showed 8 out of the 14 services activities posted a contraction in Q1 2014, according to the Hellenic Statistical Authority (ELSTAT).
BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
Greece’s central government net balance to May on a cash basis showed the deficit narrowing by 74.4 percent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG).
Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
Greek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement.
Greek Q1 unemployment remains at record quarterly high of 27.8 pct
The non-seasonally-adjusted unemployment rate remained unchanged quarter on quarter in Q1 of this year at 27.8 percent in Q1 but rose slightly from the 27.6 percent posted in Q1 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greek building activity drop decelerates to 16 pct in March
Building permits in Greece continued heading south, although at a decelerating pace, falling by 16 percent in March from 20.7 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
Greece’s budget execution showed a primary surplus of 711 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.
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.