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  1. Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index posted an increase by 2.7 percent in the third quarter (Q3) of 2015 after a drop of 2.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed... percent. The drop over this 5-year period largely reflects the effects of internal devaluation

    2%

  2. Building activity down by 3.5 pct in Sept for third straight fall

    EconomyMacroeconomy

    to almost 53 percent for the Ionian Islands. The modest drop of 1.2 percent in the course of 2015... Supervisory Mechanism (SSM) of the ECB in October, the institutions assumed a drop in housing prices by 7.5

    2%

  3. Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
    Photo by MacroPolis

    EconomyMacroeconomy

    eased by 1.5 percentage points (pp) over the Q3 2014 rate of 25.5 percent. The rate drop reflects... of underemployed declined for the second straight quarter to 235,800 in Q3 resulting in a further drop of its

    2%

  4. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    due to double-digit drop of 15.2 percent in consumption taxes, while VAT revenues grew by 5.9 percent... largely due to a drop in VAT revenues by 1.1 percent, while consumption taxes marginally improved

    2%

  5. Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    unadjusted data, which remove the smoothing effect of statistical variation, show a similar drop... the higher year on year (YoY) drop in the jobless rate to 30.9 percent from 34.2 percent in October

    2%

  6. Newsletter 57 - 08/01/2016

    Newsletters

    drop in objective property prices, according to estimates. Yet, for a number of deprived areas.... Nevertheless, incoming new orders posted a drop for the sixteenth successive month. New export orders also

    2%

  7. Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts rebounded by 16 percent in November after a 4.1 percent drop in October, Bank of Greece (BoG) figures showed on Thursday. In absolute terms, travel receipts reached 240.9... percent to 641,500. The breakdown of inbound traveller flow showed the drop fully reflects a decrease

    2%

  8. Time deposit rate almost stable in December, average loan rate rises 17 bps

    EconomyMacroeconomy

    in December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes... increase in the loan rate coupled with a marginal drop in the deposit rate led the average spread

    2%

  9. Building activity rebounds 7.2 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    building surface and volume posted a drop by 2.1 and 4 percent respectively. The geographical breakdown... at least for the next two years with official forecasts calling for a further drop in housing prices

    2%

  10. Apartment prices down by 5.4 pct in Q4 and 5.1 pct over whole of 2015

    EconomyMacroeconomy

    Greek apartment prices decreased by 5.4 percent in the fourth quarter (Q4) of 2015, at a slightly decelerating pace compared to the revised 5.8 percent drop in Q3, Bank of Greece (BoG) data displayed... in the 2008-2014 period. It dropped by a relatively modest drop 1.5 percent in the 11-month period

    2%