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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomy. GDP at current prices eased 0.4 percent QoQ in Q1 slightly accelerating from the 0.3 percent drop..., accelerating from the 0.2 percent QoQ drop in Q4, and 1.3 percent YoY. In contrast, general government... percent more than offset by a drop in imports of goods by 1.1 percent. On the flipside, imports
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomy. The change in June represents the sharpest drop in Eurosystem funding in the 12-month series... from a drop in the Emergency Liquidity Assistance (ELA) funding by 10.44 billion euros, partly offset... billion euros, reflecting a drop in ELA and ECB funding by 32.4 and 7.03 billion respectively. Following
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Current account deficit widens to 412 mln in May
EconomyMacroeconomyby around 272 million euros fully reflects a drop in the services surplus by 442 million, which more... year to positive this May. Moreover, BoG said that the drop in exports is largely due to a decrease... coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomythat posted a drop of 318 million from last year. In absolute numbers, social benefits were... understand that the difference of 619 million between the 351 million drop in net arrears in July... by 3.58 billion euros MoM to 324.76 billion in July largely due to a drop in bonds by 2.54 billion
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Newsletter 87 - 09/09/2016
of the state budget posted a drop from last year. The breakdown showed revenues grew by 3.58 billion... monthly drop also includes arrears’ clearance of 970 million, according to the July budget execution... March 2012. The drop reflects a rise in the number of employed by 15,000 from the previous month to 3.68
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy. The marked drop reflects deterioration in all C/A components, with the most notable in the goods deficit... years, while the drop in exports largely reflects a decline in the value of oil exports. It is worth... by 6 percent, while those excluding oil remained almost stable. The continued drop in the services
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Retail sales rebound by 7.1 pct in July for first time in thirteen months
EconomyMacroeconomyThe turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop... drop of 7.2 percent in the corresponding period last year. The breakdown showed turnover in almost... store category that posted a month on month (MoM) drop in July was retail sale not in stores, where
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated... that the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... for the anticipated drop in bad loans also supported by collateral liquidations, collections and loan sales
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomysimilar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. This was the 17th successive drop leading the Eurosystem funding balance down to 68.49... billion euros, with a cumulative drop of 41.73 billion since June 2015. Around half of this reduction
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Newsletter 106 - 10/02/2017
and transfers by 1.53 and 1.07 billion, respectively. Arrears to the private sector recorded a notable drop... billion in 2009 to 5.82 billion in 2015. The marked drop in operating costs led to efficiency gains... in November from 22.4 percent in the previous month. The upward movement is attributed to a drop
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