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  1. Building activity up again in May but with smaller rise of 1.9 pct

    EconomyMacroeconomy

    rate is the fourth positive reading in 2015 and just the fifth since the beginning of 2014... rise in surface and volume by 13.4 and 16.6 percent respectively. Nevertheless, the run rate over

    4%

  2. Greek government commits to new fiscal measures for third bailout

    EconomyMacroeconomy

    of the income tax code 3) Gradual abolition of farmers’ preferential treatment with their new tax rate... (GGR) to 30 percent 7) Increase in the tax rate on rental income from 11 to 15 percent for income

    4%

  3. Greek Q2 growth of 0.8 pct confounds recession forecasts
    Photo by MacroPolis

    EconomyMacroeconomy

    . The flash estimates also displayed the year on year (YoY) GDP growth rate accelerated to 1.4 percent in Q2 after an upward revised 0.5 percent growth posted in Q1. Q2 growth rate is also much better

    4%

  4. Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports

    EconomyMacroeconomy

    . The provisional data also showed the year on year (YoY) GDP growth rate accelerated to 1.6 percent in Q2... liquidity. The YoY rate turned negative to -3.3 percent in Q2 after a double-digit rise of 13.9

    4%

  5. PMI rebounded in September, but survey data still point to a downturn on lack of new orders

    EconomyMacroeconomy

    on the downside. Although the rate of decline decelerated from August, it still remained among... workforce numbers at lower levels. Although the rate of reduction in September was the lowest since June

    4%

  6. Drop in trade deficit slows to 8.8 pct in August as decline in imports decelerates

    EconomyMacroeconomy

    Following a nosedive of 63.1 percent in July, Greece’s trade deficit fell by 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) said on Thursday. The rate of decline in the August trade... the headline drop rate of 18.5 percent.

    4%

  7. Major fall of 31.6 pct for building activity in July

    EconomyMacroeconomy

    Greek building permits nosedived by 31.6 percent in July, after rising in the previous five months, Hellenic Statistical Authority (ELSTAT) data displayed on Monday. The July rate is the highest..., the run rate over the trailing twelve months shows a drop of 8.2 percent in permits, while surface

    4%

  8. Average wealth in Greece down by 17.1 pct since last year

    Society

    declined by 5.2 percent, the highest drop rate after that of Poland (-5.5 percent), while the Greek... due to changes in the euro-dollar exchange rate. However, the drop to 81,300 dollars in 2015 placed

    4%

  9. Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes

    EconomyMacroeconomy

    , albeit at a decelerating pace, by 6.8 percent in Q2 from 13.5 percent in Q1. The drop rate in Q2... in the corresponding quarter last year. As a result, the saving rate of households (defined as gross savings divided

    4%

  10. Growing hopes that Greek recession will be milder than expected

    Economy

    balance is anticipated to have a positive contribution of 0.7 percent due to the higher contraction rate... billion for 2015, down 3 percent from the 2014 unadjusted figure. Applying the same drop rate

    4%