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Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
EconomyMacroeconomyGreek private sector deposit outflows slowed to 2.19 billion in March from 7.63 billion in February, according to the Bank of Greece (BoG). Deposit balances slipped to 138.56 billion, which is the lowest reading since March 2005. The negative flow in Fe...
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Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained unchanged at 25.6 percent in March, following the upward revision of Ferbuary’s figure, according to the Hellenic Statistical Agency (ELSTAT). The March headline figure is the third equal lowe...
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Industrial production down 0.3 pct in Aug for first fall since Mar
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell by 0.3 percent in August after an upward revised 4.7 percent rise in July, Hellenic Statistical Authority (ELSTAT) data displayed on Monday. The August headline figure indicates the first negative reading...
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PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1 point to 46.7 in March, almost offsetting the rise of 1.1 points recorded in the previous month, Markit survey showed on Monday. The March headline figure represents the seventh straight reading below the 50-point ma...
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Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
EconomyMacroeconomyThe budget primary balance recorded a surplus of 2.32 billion euros in the first three months of 2018, compared to a surplus of 1.07 billion noted in March 2017, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday. The prim...
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Budget primary surplus at 1.46 bln in Mar, beating target by 2.42 bln
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.46 billion euros in the first three months of 2019, compared to a surplus of 1.88 billion noted in March 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday. The prim...
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Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
EconomyMacroeconomyGreek banks’ Eurosystem funding declined by 625 million euros month-on-month (MoM) in March, the monthly Bank of Greece's (BoG) financial statement showed on Tuesday. As of the latest month, the total for central bank funding comes to 8.38 billion versu...
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Primary surplus confirmed at 1.44 mln in Mar
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 1.44 billion euros in the first three months of 2019, compared to a surplus of 1.88 billion noted in March 2018, the Finance Ministry (MoF) final budget execution bulletin showed this week. The pr...
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Industrial production drops by 2.7 pct in Mar
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 2.7 percent in March compared to an upward revised increase of 3 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. The latest negative reading i...
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New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 489 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure for the first three months of the year showed that new tax debt totalled 2...
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