Macroeconomy
Retail index rises another 15 pct in May from 2020 lows
Greece’s retail sales index continued its impressive rise with a 15 percent year-on-year (YoY) rise in May, from a slightly revised jump of 38.8 percent in April, according to Hellenic Statistical Authority data released on Friday.
Economic sentiment rises above 111 pts in July but consumer confidence drops further
Greece’s economic sentiment (ESI) resumed its recovery path in July, rising to 111.2 points, from 108.7 in June, according to European Commission figures released on Thursday.
Led by corporate lending, credit continues to grow with 2.3 pct rise in June
Credit movement in the Greek private sector increased by an annual 2.3 percent in June, from a 2.2 percent rise in May, Bank of Greece (BoG) figures showed on Tuesday.
Deposits jump by 1.62 bln in June, led by savings
The private sector’s net deposit movement in Greece’s banks accelerated in June, increasing by 1.62 billion euros, from 359 million euros in May, Bank of Greece (BoG) figures released on Tuesday showed.
Unemployment drops to 15.9 pct in May, inactive figure also eases to 3.23 mln
Greece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in May, from a revised 17.1 percent in April, according to the Hellenic Statistical Authority’s (ELSTAT) data released on Tuesday.
Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
The budget primary balance was confirmed at a deficit of 9.09 billion euros in the first half of 2021, compared with a deficit of 6.1 billion in the same period of 2020, according to the final Finance Ministry (MoF) budget execution bulletin for June released on Monday.
Household disposable income jumps by 5.1 pct in Q1
Household disposable income increased by 5.1 percent year-on-year in the first quarter (Q1) of 2021, after a rise of 0.8 percent in the fourth quarter (Q4) of 2020, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Travel balance increases more than eightfold in May from last year’s lockdown
Greece’s travel balance came to a surplus of 112.1 million euros in May from 12 million a year ago, when Greece was in its first lockdown, Bank of Greece (BoG) data has shown. This is equal to an increase of 836.3 percent year-on-year (YoY).
Current account shows deficit of 1.4 bln in May as imports rise
Greece posted a current account (C/A) deficit of 1.4 billion euros in May compared to 2.08 billion euros in April, Bank of Greece (BoG) data showed on Wednesday.
Industrial turnover jumps by 37 pct in May on base effects
Greece’s industrial turnover rose 37 percent from a year earlier in May, compared with a revised increase of 52.3 percent in April.