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  1. Significantly improved oil balance pushes current account to 196.5 mln surplus in May
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s current account recorded a surplus of 196.5 million euros in May, from a deficit of 2.11 billion euros in April, Bank of Greece (BoG) data released on Monday showed. In May 2024, the balance... the services surplus declined. The deficit for the balance of goods came to 2.36 billion euros in May, from

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  2. Data for May shows Greek PMI in growth territory for second straight month

    EconomyMacroeconomy

    contraction, for the second straight month in May, albeit marginally easing by 0.1 points to 51.0, according... in production levels in May was slightly lower than that in April, but it remained solid, according... further. The level of new orders showed a solid rise in May mainly supported by export sales, which

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  3. Current account surplus at 407 mln in May - first positive balance since Sept 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's current account (C/A) balance showed a surplus of 407 million in May from deficit of 299...). The latter largely reflects increased non-residents’ arrivals in May (+13.2 percent). Despite the C/A surplus in May, the aggregate figures for the 5-month period point to a small widening of the C

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  4. Substantial ground for Greece and lenders to cover before May 9 Eurogroup
    Photo by Can Esenbel [www.mundanepleasure.com]

    PoliticsGreek Politics

    is due to be held on May 9 but it is still not clear how Athens and its creditors will arrive... ahead until the Eurogroup on May 9. The Greek side has not ruled out the possibility of a high..., while Tsipras may repeat his call for a summit of eurozone leaders if the May 9 meeting proves

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  5. Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86... showed on Monday. The change in May represents the highest monthly decrease in the course of 2016... reading since January 2015. The recorded drop in Central Bank funding in May almost equally reflects

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  6. Industrial production up again in May with 2.9 pct increase

    EconomyMacroeconomy

    Greece’s industrial production continued its rebound in May, posting an increase of 2.9 percent compared to a sharp drop of 4.3 percent in May 2015, ELSTAT data showed on Monday. On a month on month basis, May recorded a drop of 1.9 percent compared to April. In the year to date, industrial

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  7. Greek PMI rises to 49.6 in May as uncertainty continues to impact
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth... conditions. The deterioration however was slightly improved upon in May compared to previous months. The PMI stood at 49.6 in May, up from 48.2 in April. The rate of decline eased for the second successive

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  8. Net job hirings reach new high of 89,534 in May, 5-month figure a record
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The employment balance stayed positive in May 2017 with net hirings climbing by around 13,000... on Wednesday. This year’s figure is the highest positive reading for May since 2001. It is worth noting that May has had a positive employment balance over the last 17 years. Specifically, hirings stood

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  9. General govt primary cash surplus at 2.25 bln in May, arrears rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the total figure. Arrears Arrears to the private sector (including tax refund arrears) rose in May... to bring them to 5.05 billion in May. The largest declines in May were recorded in the subsectors... of May, representing 44.4 percent of the total, followed by tax refunds of 1.21 billion (23.9

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  10. New overdue tax obligations reach 717 mln in May, total at 95.2 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s new tax debt eased slightly to 717 million euros in May from 754 million in April... categories rose by 599 million in May, a notable decline from the figure of 714 million in April. Around one... in May from 85 percent in the previous month. The amounts due for the other three key taxes, namely

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