Consumer confidence drops by 6 pts as economic sentiment declines in September
Budget primary confirmed at deficit of 5.48 bln in August
Deposits rise by 421 mln in August as aggregate growth nearly doubles
Credit growth in August up by 1.9 pct
Apartment prices rise by 4.1 pct in Q2
Travel balance falls by 85.1 pct in July
Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
Greece’s seasonally adjusted (SA) GDP dropped by 1.2 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after downward revised growth of 0.6 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Monday.
The headline figure is worse than the 0.4 percent contraction posted in the flash estimates released on February 14. It is also the first negative reading since Q1 2016, when GDP contracted by 0.6 percent QoQ, before it started to rebound in the next tw...
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