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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomy. This was the first drop in central bank funding since September 2014. The absolute figures showed... to a month-on-month drop in the Emergency Liquidity Assistance (ELA) funding by 1.48 billion euros to 85.29... up by EFSF bonds Greek banks received in 2013 by the Hellenic Financial Stability Fund (HFSF
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Industrial production back on downward trajectory with 1.9 pct drop in Oct
EconomyMacroeconomysouth in October but the biggest drop was posted by mining and quarrying production (-12.5 percent), which makes up just a fraction of the total index. Manufacturing and electricity production decreased... month by 1.2 percent in October after a 1.8 percent month on month drop in September. The monthly
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Drop in CPI accelerates to 0.7 pct in Jan
EconomyMacroeconomy) compared to that posted in December (-0.3 percent), which is fully attributed to a drop in goods’ index by 1.4 percent, while services index edged up for the second straight month by 0.2 percent in January. The decline in January CPI primarily largely reflects a drop in clothing and footwear
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Retail sales down 7.3 pct in Feb for highest drop since July 2015
EconomyMacroeconomyin February from a revised 3.5 percent drop in January, Hellenic Statistical Agency (ELSTAT) figures showed... of 6.6 percent in February from 1.7 percent in January. The bih drop in February retail sales... percent). In contrast, the turnover in pharmaceutical products and cosmetics edged up by 0.8 percent
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Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010
EconomyMacroeconomya marginal drop by 0.1 percent in Q1. The breakdown shows that the prices of new apartments (up to 5 years... decrease recorded in 2014. The biggest drop of 11.7 percent over the past seven years has been... prices are projected to further drop by 5 percent in 2016 and by another 1 percent in 2017, according
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyaverage rate of 0.43 percent. The slight drop in the time deposit rate led the weighted average rate... The floating interest rate in new corporate loans recorded a sharp drop of 72 bps, mostly reflecting... a fixed maturity (mostly credit cards) edged up 3 bps to 14.54 percent. The housing loan rate rose
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E-commerce businesses report drop in sales due to Covid-19
EconomyFeaturesprompted a sharp drop in online sales according to a new survey. The Greek E-commerce Association (GRECA... the date of placing the order. Online pharmacies are also struggling to keep up with orders. In other... a drop in sales, the fall came to over 80 percent compared to the period before the epidemic. Sixty
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Electricity drives drop of 4.3 pct YoY in Apr industrial production
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) fell sharply in April with a drop of 4.3 percent year... recorded a rise of 0.5 percent. The annual movement in the index reflects a drop in all components, with 1.1 percent in manufacturing, a 19.5 percent decrease in electricity supply, 5.4 percent drop
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyin loans for amounts up to 250,000 euros to 6.11 percent, following a drop by 49 bps in April... the respective rate in comparable countries like Spain, Portugal and Italy. The marginal drop... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts
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Unemployment rate edged up to 25.2 pct in June
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged up to 25.2 percent in June from 25... of employed more than offsetting a marginal drop in the number of unemployed. In particular, the improving... was reversed with June indicating a 1.2 percent month on month (MoM) drop vis-à-vis a rise by 1.9
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