Macroeconomy
Economic sentiment indicators inch up again in July
Greece’s economic sentiment (ESI) recorded a 1-point rise in July, after a 2-point increase in June, according to European Commission figures released on Friday.
Deposits jump to highest since 2011 in Jun as corporate savings record significant rise
The net private sector deposit movement in the Greek banking system jumped by 3 billion euros in June, from a positive flow of 794 million euros in May, based on the latest Bank of Greece (BoG) figures released on Wednesday.
Growth in credit expansion slows further to 2.8 pct in Jun
The pace of credit movement in the Greek private sector continued to slow in June, rising by 2.8 percent year-on-year (YoY), from 3.1 percent in May, Bank of Greece (BoG) figures released on Wednesday showed.
VAT and income tax drive budget performance in Jun, interest bill above target by 741 mln
The budget primary balance in June was confirmed to be a surplus of 2.12 billion euros, compared to a deficit of 3.43 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Disposable income rises by 11.3 pct in Q1, saving rate negative for successive quarters
Household disposable income increased by a solid 11.3 percent year-on-year (YoY) in Q1 this year, from 10.9 percent in Q4 of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Travel balance up to May rises by 30.7 pct as arrivals soar by a third
Greece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday.
Current account deficit narrows further in May, down by over 3 bln in first five months
Greece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday.
Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
Greece’s industrial turnover went deeper into negative territory in May, contracting by 13.6 percent year-on-year (YoY), from an upwards revised drop of 7.6 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
The budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Import prices fall sharply in May as energy drops by 40.5 pct
The contraction of Greece’s import price index picked up further pace in May, as it fell by 20.8 percent year-on-year (YoY), after dropping by 17.5 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.