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Newsletter 51 - 12/11/2015
dropped to the lowest since May 2012. The non-seasonally adjusted rate fell by 1.2 points to 23.4... season. August’s jobless figure is the lowest reading since May 2012. Seasonally adjusted GDP slips..., over the last few years Schmidt had advocated holding a debt conference for Greece, similar
8% -
Unemployment drops to 15.9 pct in May, inactive figure also eases to 3.23 mln
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in May, from a revised... on Tuesday. The unemployment rate in May last year was 16.8 percent. This May, employment increased... by roughly 140,000 people. Total employment in May was close to 3.9 million people. ELSTAT explains
7% -
Record travel receipts and narrower trade deficit reflected in current account up to May
EconomyMacroeconomyGreece’s current account deficit narrowed in May to 960.2 million euros, from 1.39 billion euros in the previous month, Bank of Greece (BoG) data released on Tuesday showed. In May 2025, the balance... came to 2.11 billion euros in May, from 2.36 billion euros in the same month last year. Total imports
7% -
Deposits rise for third straight month in May, reaching 162.1 bln
EconomyMacroeconomyGreek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching... for the third straight month with inflows slightly increasing to 548 million euros in May from revised 411 million in April. May’s flow is fully attributed to time inflows of 749 million, while sight
7% -
Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomydeposits fell further by 18 bps 2.53 percent in May, according to the Bank of Greece (BoG). The year... rate of 1.42 percent in May. In addition, it is still higher than the respective rates in Spain... of the average rate on new loans by 36 bps in April, there was a reversal in May with the average loan rate
7% -
Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
EconomyMacroeconomyThe increase in Greece’s new unpaid taxes accelerated to 1.03 billion euros in May from 737 million...). This follows a month on month (MoM) decline in the preceding three months, while May figure is the first reading above the 1-billion mark since February. Following May's performance, the aggregate figure
7% -
Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace...) monthly financial statement published on Tuesday. The outstanding figure for May reached 116.4 billion..., ECB funding marginally rose by 0.35 billion to 38.83 billion in May. This amount is almost
7% -
Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomyGreek private sector deposit outflows eased to 3.86 billion in May from 4.66 billion in Apr... in May largely stemmed from time deposits (2.74 billion), while sight and savings recorded more modest... billion month on month in May to 151.01 billion. This is the also the lowest reading since May 2004
7% -
Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 0.6 points in May after increasing in the preceding two... over the last three months. The May headline figure of 89.7 is the lowest reading since February... in the past four months by 1.8 points to -71.9 in May. The rise in May offset a similar drop recorded
7% -
Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyThe flow of Greek private sector deposits turned positive in May with inflows of 184 million... balance rebounded to 121.7 billion euros in May its highest reading since January. The positive flow in May is entirely attributed to sight inflows of 1.54 billion euros, while savings and time deposits
7%