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Stronger rise of 4.1 pct for Greek industrial turnover in October
EconomyMacroeconomyat an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according... still points to a drop of 2.4 percent. The change in October mainly reflects a similar rise... substantially improved by 40.4 percent, followed by machinery and equipment (up 17.1 percent), other
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomy, at an accelerating pace of 17.6 percent after a 9.6 percent drop in November. December reading indicates the highest monthly drop in 2014. In absolute terms, arrears fell to 3.75 billion euros at the end... settling at 1.77 billion making up 47 percent of total arrears. Tax refunds were the only subsector
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyby 8.1 percent with receipts up 13.3 percent, entirely reflecting a strong growth (+34.3 percent) in non-residents’ arrivals (up 34.3 percent). The aggregate figures for the first quarter (Q1) of 2015... a sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services
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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking(PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses.... On the flipside, the domestic lending spread slipped by 5 bps mainly arising from a 14 and 10 bps drop.... In the Greek market, the NPL ratio edged up to 32 percent in Q1 from 31.9 percent in Q4. NPL formation
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomywith the drop in payments led the April travel surplus to 311.9 million, up 40.5 percent from last year’s... in receipts is entirely due to soaring international tourist arrivals (up 28.3 percent) to 934,200... France, which was the outperformer in the first quarter, showed a drop by 2 percent in April arrivals
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General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
EconomyMacroeconomya drop in revenues by 13.7 percent outpacing a reduction in expenditure by 6 percent. A similar... imminent external funding needs. The biggest rise was recorded by SSF arrears, up by 108 million MoM.... The largest share relates to the public healthcare provider EOPYY with its arrears at 1.63 billion up
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyin Q2. Flash estimates had indicated a 0.7 percent QoQ drop in Q2. For the first half of the year... is the largest contributor, making up 70 percent of GDP. Since the peak in 2008, it has posted... formation dived by 10.6 percent QoQ in Q2 after an 8.4 percent drop in Q1 amid uncertainty and restrained
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyfunds’ primary cash surplus fell by 656 million. The SSF outcome stems from a higher drop... to 5.39 billion at the end of December from an upward revised 5.8 billion in November. Despite a drop... from SSFs, with their stock climbing by 936 million to 2.77 billion in December and making up more
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Newsletter 63 - 19/02/2016
Countdown to Easter Situation revs up regarding programme review Although the date of the mission.... However, due to delay in specifying the technical guidelines and setting up the system, zero revenues... 0.1 percent in January. The decline in January’s CPI is largely due to a drop in clothing
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Newsletter 86 - 26/08/2016
of debt edged up to 16.67 years, which is the second highest reading so far. In addition, cash.... Apartment prices fell by 2.7 percent in Q2, following a drop of 4.7 percent recorded in the previous... in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average
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