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General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros in the 4-month period of 2016 from 581 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday. The remarkable...
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Travel Receipts by Country of Origin (Jan-Dec 2014-2016)
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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyGreece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday. The headline fig...
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Economic sentiment stays stable at 95.1 in Jan, consumer confidence dives 3.4 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) remained at 95.1 in January, unchanged from the previous month, the European Commission (EC) figures revealed on Monday. This means that the headline figure stayed at its highest level since March 2015, when ESI stood a...
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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday. The PMI landed at 46.6, which is the lowest reading since September 2015 and stands well below the long-...
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Greece in inflation for first time since Feb 2013 as CPI rises 1.2 pct in Jan
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) rose 1.2 percent in January after zero growth in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. This is the first positive CPI reading since February 2013, with the domestic economy remai...
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Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
EconomyMacroeconomyThe Greek market recorded outflows of 1.53 billion euros in January after the seasonally high inflows of 2.8 billion in December, Bank of Greece (BoG) figures revealed on Tuesday. A similar pattern was also evident last year, when the December 2015 posi...
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Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market accelerated to 1.6 percent in January after remaining stable in the previous months, Bank of Greece (BoG) figures showed on Tuesday. This largely resulted from the extended deductions of 885 million eur...
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Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomyGreek banks’ Eurosystem funding fell at an accelerating pace of 3.61 billion euros in January after a drop of 1.87 billion in December, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday. As a result of the decline, Central Bank ...
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight month and landed at 0.69 percent in January, Bank of Greece (BoG) figures showed on Friday. The January rate is the lowest since 2002, when Greece entered ...
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