Macroeconomy
Current account shows deficit of 874.5 mln in July as travel receipts disappoint
Greece’s current account (C/A) balance posted a deficit of 874.5 million euros in July compared to a deficit of 1.42 billion euros in June, Bank of Greece (BoG) data showed on Monday.
Industrial turnover drops by 16.2 pct in July as manufacturing slows
Greece’s industrial turnover fell by 16.2 percent year-on-year (YoY) in July compared to a drop of 3.8 percent in June, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Unemployment edges up to 16.7 pct in Q2 as tourism jobs dry up
The Greek non-seasonally-adjusted unemployment rate stood at 16.7 percent in the second quarter (Q2) of the year, rising from a rate of 16.2 percent noted in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash deficit at 5.78 bln in August
Greece’s central government primary cash balance recorded a deficit of 5.78 billion euros in the first eight months of the year according to figures released by the Bank of Greece (BoG).
Budget primary shows deficit of 6.61 bln in August
The budget primary balance recorded a deficit of 6.61 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for August showed on Wednesday.
Overdue social security contributions rise to 37 bln in Q2
The stock of unpaid social security contributions (SSCs) increased to 37 billion in the second quarter (Q2) of 2020, rising by 687 million compared to the figure of 36.32 billion euros registered in the first quarter (Q1) of 2020, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
Greece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock of the state of the economy and the impact the pandemic, as well as the lockdown measures had on economic activity between April and June.
HRADF development plan reviews privatisation actions for the rest of the year
The Hellenic Republic Asset Development Fund (HRADF) has revised its asset development plan (ADP) for the remainder of the year.
Turnover in services shows year-on-year deteriorations in Q2
Turnover indices for the services sector showed a deterioration in the second quarter (Q2) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
New tax debt at 2.53 bln to May, up by 96 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 96 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.