Macroeconomy
Greek travel receipts rise by 10.2 pct in 2014, arrivals shoot up by 20.7 pct
Travel receipts rose by 10.2 percent to 13.39 billion euros in 2014, according to Bank of Greece (BoG) annual data.
Greek trade deficit drops by larger rate of 27.2 pct in Feb
Greece’s trade deficit continued heading south for the second straight month in February, when it dropped by the higher rate of 27.2 percent compared to 21 percent in January, according to the Hellenic Statistical Authority (ELSTAT).
Unpaid taxes ease to 1.16 bln in Feb, collections progress at stable rate
Greece’s new unpaid taxes eased to 1.16 billion euros in February from 1.32 billion in January, according to data released by the General Secretariat of Information Systems (GSIS).
Deposit rates stable, avg loan rate below 5 pct for first time since 2002
The interest rate on households’ new time deposits marginally increased by 1 basis point (bp) to 1.81 percent in February from 1.8 percent in January, according to the Bank of Greece (BoG).
Greek PMI edges up in March but exports, factory output fall
Greece’s Manufacturing PMI improved for the second straight month by 0.5 points to 48.9 in March from 48.4 in February, according to Markit.
Retail sales down by 2.6 pct in January for third straight monthly decline
The turnover of Greece’s retail trade index fell for the third successive month in January, when it declined by 2.6 percent from a revised 3.8 percent drop in December, according to the Hellenic Statistical Agency (ELSTAT).
Economic sentiment, consumer confidence edge down in March
Greece’s economic sentiment (ESI) fell by 1.4 points to 96.8 in March from 98.2 in February, according to the European Commission (EC).
Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
Greek private sector deposit outflows slowed to 7.63 billion in February from a record high of 12.79 billion in January, according to the Bank of Greece (BoG).
Monthly credit flow turns positive in Feb for first time since June 2012
Greek bank credit contraction slowed to 2.5 percent in February from 2.9 percent in January, according to the Bank of Greece (BoG).
Budget primary surplus falls to 1.24 bln at end of Feb as revenues miss target
Greece’s primary surplus for the first two months of the year reached 1.24 billion euros, down 40 percent, according to the Finance Ministry (MoF) final budget bulletin.