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Target revisions leave 880 mln budget shortfall in Oct despite 2.6 bln primary surplus
Economyfollowing the significant drop of 24.7 percent in October. This was mainly due to income tax (down 27.3... and 3 percent in the 10-month period to 18.86 billion reflecting a drop in VAT and consumption taxes... million short of the revised target. The underperformance reflects a drop in revenues by 12.5 percent
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Greek deflation eases slightly to 1.2 pct in November
EconomyMacroeconomyThe drop in Greek consumer prices slowed to 1.2 percent in November from 1.7 percent in October... and communication, remained almost flat YoY. In contrast, the sharpest drop in prices was posted.... Although easing to 1.2 percent in November, the 12-month trailing index firmly indicates a drop above
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Building activity down again in September but at slower rate of -11.2 pct
EconomyMacroeconomyΤhe number of building permits issued in Greece continued to drop in September, albeit... Authority (ELSTAT). The respective surface figure posted a moderate drop by 2.6 percent, while volume... breakdown showed the highest drop was posted in Thessalia and Attica, at 28.8 and 28.5 percent
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomyAuthority (ELSTAT). The drop in Q3 also reflects the seasonal positive impact from tourism... drop in the number of unemployed to 1.23 million coupled with a 1.5 percent increase in the number...-lived drop in the preceding quarter, the percentage of ‘new’ unemployed (i.e. those looking
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Greek retail sales back on upward course in October after brief dip
EconomyMacroeconomyAfter a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index.... On the flipside, department stores registered a double digit drop (10.7 percent), followed by food... change in turnover mainly reflects a drop in books, stationery and other goods by 12.4 percent, after
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Our most popular stories in 2014
Agora, whilst the respective rate for inhabited houses larger than 100 sqm posted an annual drop of 3.6..., the next bracket including households with monthly income between 2,800 and 3,500 euros showed a drop... migrants exiting the country was the drop in the construction activity since more than half were employed
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Greek unemployment drops slightly to 25.8 pct in October on lower jobless
EconomyMacroeconomypercent in September. The recorded drop in the October rate is mainly attributed to a 1.1 percent...) above that of men (23.1 percent). Despite an almost 7 pp drop YoY, youth unemployment (15-24 years.... Five years earlier it was at 27.5 percent. The YoY drop in the next two age groups (25-34 and 35-44
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomydrop of 235 million. November figure of arrears is the lowest reading so far in 2014, with the peak of 5.34 billion posted in April. The bulk of the marked MoM change of 502 million stems from a drop.... The YtD drop stands at 23.1 billion and mainly reflects: 1) A reduction in the bank support scheme
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Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomyaccessed the euro area in 2002. The year-to-date (YtD) drop in the time deposit rate reached 94 bps... rate in the other comparable countries such as Portugal and Italy. The drop in the time deposit rate... in November extending the year to date drop above the 60 bps mark. The most important change
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Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014
EconomyMacroeconomythe 2.9 percent drop posted in November 2013. The monthly evolution showed that the CPI slipped... groups of goods and services recorded a year on year (YoY) drop in prices in December with the most... exceeded the Greek government and troika updated estimates for a CPI drop of 0.8 to 1 percent for 2014
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