Macroeconomy
Private sector deposits almost unchanged in Apr, household savings up by 1.13 bln
The net private sector deposit movement in the Greek banking system was essentially unchanged in April, falling by just 15 million euros, after a rise of 2.32 billion euros in March, based on the latest Bank of Greece (BoG) figures released on Tuesday.
Producer prices record back-to-back decline in Apr as energy falls by 24.4 pct YoY
Greece’s Producer Price Index (PPI) contracted for the second consecutive month in April, falling by 13.3 percent year-on-year (YoY), from a 10.9 percent contraction in March, ELSTAT data showed on Tuesday.
Consumer confidence takes off in May as rest of sectors deliver mixed data
Greece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after rising by 1.9 points in April, according to European Commission figures released on Tuesday.
Building activity down 15.2 pct in Feb for sharpest drop since 2020
After a solid start for 2023, building permits recorded a contraction of 15.2 percent year-on-year (YoY) in February, after a rise of 22.1 percent in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
VAT and income taxes drive revenue and budget outperformance in April
The budget primary balance in April was confirmed to be a surplus of 2.44 billion euros, compared to a deficit of 799 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
EC reports highlight tight fiscal path and economic challenges
The European Commission published on Wednesday two key reports, one was in the context of the 2023 spring recommendations and the other was the second report of the post-enhanced surveillance period.
Travel surplus continues to grow in March, up 55 pct YoY in Q1
Greece’s travel balance recorded a surplus of 100.2 million euros in March, from 106.8 million euros in February, according to Bank of Greece (BoG) data released on Tuesday.
Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday.
Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
Greece’s industrial turnover remained in growth territory in March, slowing down considerably to 1.5 percent year-on-year (YoY), February, from 6.7 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Central debt records small rise to 401.53 bln in Q1
Greece’s central government debt recorded a rise of 1.3 billion euros to 401.53 billion euros in Q1 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday.