Macroeconomy
In third straight month of decline, industrial turnover falls 4.9 pct in May
The Turnover Index in Industry continued heading south for the third successive month dropping by 4.9 percent in May from a revised -10.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
As imports rise, Greek C/A balance flips back to deficit in May
Greece's May current account (C/A) balance showed a deficit of 246.2 million from a surplus of 69.6 million last year, according to the Bank of Greece (BoG).
Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
Greek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling by 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement.
Central gov't primary cash surplus reaches 1.37 billion in first half of year
Greece’s central government net balance to June on a cash basis showed the deficit shrinking by 78 percent, or 6.8 billion euros, to 1.82 billion from 8.72 billion last year, according to the Bank of Greece (BoG).
Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
The number of building permits issued in Greece in April plunged by 35.6 percent in, accelerating from the 16 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production rises again in May, by 1.8 pct, after two months of decline
The Greek Industrial Production Index (IPI) rose 1.8 percent in May, following a drop of 2.1 – 2.3 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT).
Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
The number of road motor vehicles (going into circulation for the first time) continued showing strong growth of 46.3 percent in June, after increasing by 48.7 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
The Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.
General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
The Greek general government (gg) primary cash surplus amounted to 1.22 billion euros in the 5-month period from a deficit of 1.62 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF).
Loan and deposit rates edge down in May but remain above euro area average
Following a drop by 10 basis points (bps) in April, the interest rate on households’ new time deposits fell further by 18 bps 2.53 percent in May, according to the Bank of Greece (BoG).