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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
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PMI improves significantly in Aug, despite exports orders falling for four straight months
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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
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Retail sales resume growth of 3 pct YoY in June, volumes record more modest rise
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Despite small drop in July, deposits stay above 200 bln mark
Cost of Greek corporate loans rises in April, remains well above euro average
After remaining stable for the past five months, the interest rate on households’ new time deposits eased by 10 basis points (bps) to 2.71 percent in April, while the interest on corporate loans rose and remained well above the euro area average, according to the Bank of Greece (BoG).
This rate had peaked at 5.01 percent in June 2012 and was on the decline thereafter. In particular, it dropped by 30 bps in the second half of 2012 and by a further 190 bps in 2013.
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