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  1. PMI drops for third straight month to hit one-year low of 48.3 in Nov

    EconomyMacroeconomy

    points in November after a drop by 0.6 points in October, the Markit survey displayed on Thursday... rate over the last twelve months. Work backlogs deteriorated again, on the back of a further drop... their discounting policies for the fifth straight month. At the same time, the rate of drop

    8%

  2. Unemployment rate drops again in Q3, reaching 22.6 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percentage points (pp) from the Q3 2015 figure of 24 percent. This reflects a drop in the number... displayed the most marked drop of 4.6 pp to 44.2 percent was recorded among youth (15-24 years old... rate for the 45-64 years old group edged up to 18.5 percent. The percentage of new unemployed (i.e.

    8%

  3. CPI stays flat in December, falls by 0.8 pct in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Τhe Greek Consumer Price Index (CPI) remained stable in December following a drop of 0.9 percent... month. In addition, the goods’ index stayed flat, while the services’ index edged up 0.1 percent... in December after a short-lived drop of 0.2 percent in November. Prices of main groups of goods and services

    8%

  4. Current account deficit of 1.2 bln in Nov turns 11-month balance negative
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    a sharp drop in the services surplus by 1.85 billion and to a lesser extent a worsening... at 15.07 billion on the back of a drop in imports by 3 percent to 37.33 billion, while exports also... into consideration that travel payments edged up 0.7 percent, the resulting travel surplus decreased

    8%

  5. Unemployment rate stable for third month at 23.1 pct in Dec
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of employed by 10,900 and a drop in the jobless number by 60,500. Τhe non-seasonally adjusted (NSA... to 27.6 percent. The most notable drop - by around 5 pp - was recorded among youth (15-24 years old) to 45.2 percent, while the unemployment rate for older Greeks (55-64 years old) edged up to 19.4

    8%

  6. Retail sales rebound 1.4 pct in Jan after brief fall in Dec
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop... with the previous month showed a sharp drop of 18.7 percent largely attributed to the seasonally high... to the level posted in the first half of 2002. The SA volume index edged up 0.1 percent MoM to 70.6

    8%

  7. Deposit interest rates broadly stable in March, average loan rate down slightly
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent. The marginal drop in the time deposit rate coupled with a slight increase in the corporate... million euros it edged up 3 bps to 4.82 percent. Following the movement in March, the corporate loan... drop in the average loan rate coupled with the stable deposit rate resulted in a slight drop of 6 bps

    8%

  8. Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
    Photo by MacroPolis

    EconomyBanking

    to 258 million, attributable to a 13 percent drop in operating expenses and offsetting a decline... percent in the previous quarter. The bank said that it had exceeded its NPE reduction target up... percent drop in both staff and administrative expenses and benefitting from the implementation

    8%

  9. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
    Photo by MacroPolis

    EconomyMacroeconomy

    , mainly reflecting a drop in the ECB funding by 6.73 billion, as Greek banks replaced this type... programme was agreed, with almost two thirds of that marked drop (46.07 billion) related to lower... up 71.5 percent of the total withdrawn liquidity. It is worth noting that the collateral pledged

    8%

  10. Fall in apartment prices continues with slower decline of 0.6 pct in Q3
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data... five years old, saw their prices fall by 0.7 percent in Q3. Properties up to five years old saw price

    8%