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Newsletter 38 - 07/08/2015
and businesses, with recent surveys pointing to an average drop of around 50 percent in company turnover... whether Greece is in a position to wrap up its third bailout in time to receive new funding to pay... reading since June 2012. This was the second consecutive monthly decline and it was matched by a drop
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Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
EconomyMacroeconomyThe drop in the Greek Consumer Price Index (CPI) decelerated further to 0.2 percent in December... 2013. The Core Index posted a drop of 0.3 percent in December with goods index down by 0.4 percent, while the services index edged up by 0.1 percent for the first positive reading since August 2012
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingreflects a notable rise in the pre-provision income (PPI) and a significant drop in loan loss provisions... in operating income coupled with cost containment led PPI up by almost 58 percent QoQ to 261.1 million... to a notable drop in the cost of risk (provisions over loans) to 1.76 percent in Q1 from 2.64 percent
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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... than doubled due to imports shooting up by 577 million (+20.1 percent) and exports falling by almost... years, while the drop in exports largely reflects a decline in the value of oil exports. It is worth
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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomypercent, from 1.2 percent in the first estimate. Gross fixed capital formation was up by 9.2... higher than initially estimated, up 12.8 percent from 12.2 percent. According to the latest data.... In volume terms, in 2015 GDP dropped by 0.4 percent, followed by a drop of 0.2 percent in 2016
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Industrial production drops sharply by 8.1 pct in Nov
EconomyMacroeconomy, following a revised upwards rise of 0.1 percent versus a 0.3 percent drop in October, according.... Month-on-month (MoM), the index dropped by 5 percent after a downwards revised drop of 7.6 percent in October. The sharp drop in the index was driven largely by a 9.4 percent decrease in the mining
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Newsletter 286 - 26/02/2021
Covid-19 wards in the Greek capital are in short supply again. More than 90% were taken up this week..., apparel and jewellery - sales plummeted by up to 50 pct. Government officials are also painfully aware.... This was partly offset mainly by a 4.3 billion-euro drop in the balance of goods deficit. The total balance
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Where is Odysseus? Part 2 - Uncertainty
AgoraWe follow up on Blog 16 of April 2022 and continue to be in search of Odysseus, who is aiming... pressures. In Part 1 (Blog 16) of our follow up, we recalculated the baseline demographic outlook... or even drop further from already below the replacement. Eurostat shows us that the impact
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Back-to-back gains for economic sentiment, ending 2022 with 104.3 pts
EconomyMacroeconomypoints to 104.3, staying above 100-points, after a 6.6-point drop in October, according to European..., also up by 1.8 points from November. The recovery in Greece’s consumer confidence following the sharp pandemic drop stalled in May 2021 and the series has been on a declining trend since. December
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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
EconomyMacroeconomy, from 1.8 pct previously. The OECD notes that in the second half of last year the economy built up..., such as construction. Demand was also propped up last year by support packages to cushion the impact..., from 4.6 pct last year. The unemployment rate in 2023 will drop by roughly 1 percentage point to 11.8
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