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Newsletter 48 - 23/10/2015
investment of 25 billion has plummeted to just 3.2 billion, following a sharp drop in bank share prices..., up by 12.5 percent from last year’s figure. The year-on-year improvement is mainly due to a drop in the goods and primary income deficits. The drop in the goods deficit by 18.4 percent is attributed
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Unemployment down for second straight month in August, falls to 24.6 pct
EconomyMacroeconomy. The drop in the last two months is probably due to seasonal reasons related to tourism, while... in August reflects a month on month (MoM) drop in the number of unemployed for the 15th consecutive month.... After a drop in August to 92,238, the number of registered jobless that receive the monthly benefit
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Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomypace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... straight quarter by 1.8 percent in Q3, at a slower pace compared to the 2.9 percent QoQ drop in Q2... percent over the past seven years. Due to the imposition of capital controls and the sharp drop
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomyafter the zero and 0.3 percent growth rates posted in Q1 and Q2 2015 respectively. The QoQ drop... of -0.4 percent and a downward revised growth of 0.9 percent in Q2. The drop in Q3 was the first... compared to the 8.9 percent fall in Q2, amid capital controls. The YoY drop rate markedly accelerated
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Greek firms rely on public procurement most in EU but also suspect corruption, survey indicates
Society. Since 2013, there has been a 10 point drop in companies agreeing that that unfair selection or evaluation criteria exist, a 16-point drop in those who believe conflict of interests in the evaluation of bids is widespread, and a 17-point drop who believe collusive bidding is widespread, and a 14-point
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Current account turns to a surplus of 314 mln in Oct on contracting goods deficit
EconomyMacroeconomymillion last year. The breakdown shows that the drop in the goods deficit by more than a third mainly... said the net oil import bill fell due to a drop in oil prices, while ship transactions were... attributed to a marked narrowing of the goods deficit by 4.38 billion more than offsetting a drop
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Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
EconomyMacroeconomyThe drop in the Greek Consumer Price Index (CPI) decelerated further to 0.2 percent in December... 2013. The Core Index posted a drop of 0.3 percent in December with goods index down by 0.4 percent... percent month on month (MoM) almost offsetting the drop by 9.3 percent MoM in November, which
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyof almost 290,000 between 2009 and 2014, which reflects a sharp drop by around 490,000 until 2012... in the 2009-2013 period with the sharpest drop of 4.03 billion euros recorded in 2012. The amount of wages... respectively. The drop reflects a decrease in the number of IKA insured by 11.5 percent and average wages
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CPI falls at a slower pace of 0.5 pct in February
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop..., while goods index fell by 1 percent. The drop in February CPI is mainly attributed to a decrease...). Compared to the previous month, February CPI declined by 0.4 percent largely due to a drop
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorapercent quarter on quarter (QoQ) in Q4, mainly due to a drop in the funding cost stemming from...-year figure points to a 3.9 percent drop. Most banks guided for a double-digit rebound in commission.... This largely reflects a sharp drop in loan provisions and an NII rebound on the back of reduced reliance
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