Search
-
Retail sales down by 3.8 pct in Jan for eighth straight fall
EconomyMacroeconomyThe turnover of Greece’s retail trade index continued heading south for the eighth straight month in January, when it dropped at an accelerating pace of 3.8 percent after a marginal fall of 0.2 percent in December, Hellenic Statistical Agency (ELSTAT) f...
4% -
Building activity down 18.8 pct in January, permits hit new low
EconomyMacroeconomyGreek building permits fell by 18.8 percent in January after rising by 5.1 percent in December, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. Building surface and volume dropped by 14.8 and 5.2 percent respectively in January. In ab...
4% -
Retail sales down 7.3 pct in Feb for highest drop since July 2015
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell at the notably faster pace of 7.3 percent in February from a revised 3.5 percent drop in January, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday. The February headline figure represents t...
4% -
Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomyGreek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday. The headline figure indicates a new low for time deposit rat...
4% -
Central government debt edges down to 321 bln in Q1
EconomyGreece’s central government debt eased to 321.01 billion euros in the first quarter (Q1) of 2016 from 321.33 billion in Q4 2015, according to the Finance Ministry (MoF) debt bulletin. The quarterly movement is fully attributed to a drop in the Financial...
4% -
PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday. The headline figure for May remains below the 50-point mark that separates contraction from growth and points t...
4% -
Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement showed on Monday. The change in May represents the hi...
4% -
Retail sales down 3.9 pct in April for eleventh successive month
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 3.9 percent in April marginally slower than the revised 4 percent drop in March, Hellenic Statistical Agency (ELSTAT) figures displayed on Thursday. The April headline figure indicates the eleventh str...
4% -
Opposition tries to pin government down over last year's Plan X
PoliticsGreek PoliticsNew Democracy MPs asked the government on Thursday to make public any documents connected with the so-called Plan X that former Finance Minister Yanis Varoufakis worked on during the first half of last year. The opposition parties have attempted to put ...
4% -
Economic sentiment rises to 92.5 pts in Aug, consumer confidence edges down for second straight month
EconomyMacroeconomyGreece’s economic sentiment (ESI) increased for the second straight month in August, when it increased by 1.6 points, following a rise by 1.2 points in July, the European Commission (EC) figures showed on Thursday. In absolute terms, ESI improved to 92....
4%