MacroPolis

Deposits drop for third straight month as corporates lead fall of 988 mln

02/05/2022 - 11:01

The net private sector deposit movement in the Greek banking system in March stayed negative, falling by a further 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Friday.

Spike in producer prices continues with 46.2 pct energy-led rise in March

29/04/2022 - 15:24

Greece’s Producer Price Index (PPI) continued its explosive rise in March, when it jumped by 46.2 percent year-on-year (YoY), after a 33.6 percent increase in February, ELSTAT data said on Friday.

Retail sales remain on upward path, rising by 16.8 pct YoY in Feb

29/04/2022 - 14:34

Greece’s retail sales increased by 16.8 percent year-on-year (YoY) in February, from a slightly downwards revised 13.5 percent rise in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.

Growth in building permits slows to 4.3 pct YoY in Jan

28/04/2022 - 14:33

The new year started with a slowdown in the growth of building permits in Greece, with total permits rising by 4.3 percent year-on-year (YoY) in January, after closing 2021 with a rise of 18.3 percent in December, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday.

March budget primary balance short of target, but taxes continue to overperform

26/04/2022 - 16:32

The budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.

Travel balance improves significantly in first two months of 2022

21/04/2022 - 14:50

Greece’s travel balance recorded a surplus of 63 million euros in February, from 60.8 million euros in January 2022, according to Bank of Greece (BoG) data released on Thursday.

IMF trims 1 point off 2022 growth, makes major revision to inflation forecast

21/04/2022 - 11:21

The International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth.

Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021

20/04/2022 - 11:59

Greece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday.

Primary budget deficit at 1.69 bln euros in Q1 as tax revenues continue to overperform

19/04/2022 - 14:35

The budget primary balance for the first three months of 2022 came to a deficit of 1.69 billion euros, compared to a deficit of 3.41 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.

Industrial turnover recovery continues at pace, with 33.8 pct rise in Feb

19/04/2022 - 13:07

Greece’s industrial turnover stayed on a solid recovery path in February, rising by 33.8 percent year-on-year (YoY), from an upwards revised 36 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.