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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomyThe Bank of Greece (BoG) said on Thursday that the ECB Governing Council decided to reduce the Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion... today’s ECB decision, the ELA ceiling has been cut by a total of 13.1 billion euros since mid-August
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Newsletter 63 - 19/02/2016
(ELA) ceiling for Greek banks by 100 million to 71.4 billion. Since mid-August, the ECB has cut the ELA ceiling 13 times by a cumulative amount of 19.6 billion on reduced uncertainty and stabilisation of the private deposit flow. The most notable reduction was evident in December, when the ELA ceiling
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Industrial production growth slows to 1.8 pct YoY in Feb, led by manufacturing
EconomyMacroeconomyand equipment, textiles. The monthly movement was led by a drop of 5.9 percent in electricity, partially offset... recorded a drop of 0.9 percent. The annual movement in the index reflects a rise of 2.9 percent... and 1.4 percent in electricity. The manufacturing index was led by other transport equipment, wearing
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Industrial production returns to growth in Nov with 4.9 pct YoY rise, led by electricity
EconomyMacroeconomyand a modest 0.5 percent rise in manufacturing. The manufacturing index was led by repair and installation... mineral products. These were partially offset by a drop of 6.7 percent in mining. The monthly movement was led by increases of 19.6 percent in electricity supply, 2.5 percent in water supply and 2.7 percent
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Led by manufacturing and electricity, Industrial Production rises by 10.5 pct YoY in Oct
EconomyMacroeconomy, after a drop of 2 percent in the previous month. The annual movement in the index was led.... The monthly movement was led by increases of 9.1 percent in manufacturing, 2.3 percent in mining, and by 3.4
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Car sales accelerate by 38.3 pct YoY in Feb, led by used vehicles
EconomyMacroeconomyyear-on-year (YoY) in February, after a drop of 8.7 percent in January, according to Hellenic... was a drop of 16.4 percent. Car sales in February came to 18,521 compared to 13,464 last year, a rise... of 2022 came to 32,565, led by passenger cars at 27,797, followed by lorries at 4,611 and buses
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Eurosystem funding falls by 4.38 bln in October as ELA declines
EconomyMacroeconomyof Greece's (BoG) monthly financial statement revealed on Tuesday. The reduction led central bank funding to stand at 37.34 billion euros, the lowest reading to date. The monthly movement was driven by a drop... the funding ceiling for Greek banks for several months now. The most recent reduction came on November 9 when
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Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
EconomyMacroeconomyof Greece's (BoG) monthly financial statement revealed on Tuesday. The reduction led central bank funding... movement was driven by a drop in Emergency Liquidity Assistance (ELA) funding by 2.90 billion euros..., as the ECB has been lowering the funding ceiling for Greek banks for several months now. The most recent
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Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomyincluding output, new orders, employments and stocks. This was mainly led by the capital goods.... The drop in output, the seventh in successive months, is attributed to: a) Diminishing production... that further weighed on sales. On top of this, a considerable and accelerated drop in new export orders
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Newsletter 59 - 22/01/2016
ceiling than the one contained in the government’s initial proposal. At the same time, farmers...-expected Public Investment Budget (PIB) balance led to a budget primary surplus of 2.27 billion for 2015... months of surpluses. The year on year (YoY) drop of 18.6 percent reflects a narrowing of the goods
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