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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomyGreek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April... in May, which is the second highest figure in the course of this year, and largely reflect a negative... in May following a positive flow in the preceding two months. Since the beginning of the year
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New tax arrears climb by 1.25 bln in May, total stock rises to 89 bln
EconomyGreece’s new unpaid taxes rose by a notable 1.25 billion euros in May, which is a much faster pace... Systems (GSIS) data showed on Tuesday. The headline figure for May represents the highest monthly rise...) eased by 254 million euros to 83.31 billion in May largely due to revenue collection. The breakdown
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Deposit flow in positive territory at 638 mln in May
EconomyMacroeconomyThe deposit flow in the Greek banking system turned positive in May, with inflows of 638 million... deposit balance increased to 119.41 billion in May. The breakdown showed that sight and time deposits.... The positive flow in May stems from non-financial corporations and insurance companies’ inflows
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May retail sales show slight rise of 0.4 pct, volume increases 0.3 pct
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased marginally by 0.4 percent in May after...) on Monday. The May headline figure is the eighth positive reading in the last nine months, albeit slowing from the growth seen in April. The corresponding volume rose by 0.3 percent in May after
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Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
EconomyMacroeconomyincludes an arrears’ repayment of 662 million euros, of which 198 million was paid in May. The overall.... The breakdown showed that on a monthly basis, revenues fell by 291 million in May to stand at 3.18... million euros to 2.38 billion. On an aggregate basis, overall expenditure from January to May
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New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
EconomyMacroeconomyGreece’s new tax debt rose by 610 million in May, increasing slightly from April’s rise of 599... to the four key taxes. The Ministry of Finance reported tax revenues of 16.15 billion euros in May... in May. The total figure for debtors came to over 3.8 million in May, marking the fourth month where
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Economic sentiment shows slight rise to 100.8 in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) edged up by +0.3 points in May to 100.8 points, European Commission (EC) figures revealed on Tuesday. May’s reading is the fourth consecutive figure over... far. Compared to May 2018, the ESI has fallen by 2.8 points. Consumer confidence improved by 1.4
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May employment balance positive by 105,282 as seasonal hires pick up
EconomyMacroeconomythe Labour Ministry’s Ergani information system showed. Ergani noted that the balance for this May is the second highest positive balance on record for the month since 2001. Additionally, May’s figure..., there were 3,441 fewer hirings than firings in May 2019. Total hirings came to 323,524 versus
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Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday. In May, the Employment Expectations Indicator... has worsened by 16.7 points. Additionally, compared to May 2019, the ESI has decreased by 13.9
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Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 49.1 percent in May... showed on Wednesday. In May 2019, the year-on-year change showed a rise of 15.2 percent. Car sales for the month came to 11,723 compared to 23,010 in May last year. Out of the total, passenger car
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