Macroeconomy
June unemployment rate at 9.6 pct as seasonality favours labour market
Greece’s seasonally adjusted (SA) unemployment rate dropped in June, landing at 9.6 percent, from 10.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
Greece’s employment balance moderated in June, with 23,961 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Led by energy, producer prices drop by 0.7 pct YoY in June
Greece’s Producer Price Index (PPI) remained in contraction in June, dropping by 0.7 percent year-on-year (YoY), after falling by 1.4 percent in May, ELSTAT data showed on Tuesday.
Economic sentiment falls sharply in July as nearly all segments deteriorate
Greece’s economic sentiment (ESI) fell sharply in July, reaching 106.8 points, from 110.5 points in the previous month, according to European Commission figures released on Tuesday.
Primary surplus reaches 2.91 bln in Jun as VAT and corporate tax lead revenue outperformance
The budget primary balance was confirmed at a surplus of 2.91 billion euros in June, compared to a surplus of 2.12 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Construction market remains strong in Apr as building permits rise by 40 pct
The strong start to the year for building activity kept its pace in April, with a rise of 40.1 percent year-on-year (YoY), after a 39.8 percent increase in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Business deposits at forefront of June's 3.83 bln rise in savings
The net private sector deposits in the Greek banking system shot up in June with a rise of 3.83 billion euros, after a 303-million-euro rise in May, based on the latest Bank of Greece (BoG) figures released on Thursday.
Loans to businesses propel credit expansion of 6.1 pct YoY in June
The credit expansion in the Greek private sector picked up pace in June, rising by 6.1 percent year-on-year (YoY), from 4.8 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
Greece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday.
Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday.