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Current account surplus narrows to 1.82 bln in August
EconomyMacroeconomy. The deterioration is largely attributable to a drop in the services surplus by 245 million, coupled... purchases. The notable drop in the services surplus mostly reflects a significant decrease in net transport receipts attributed to capital controls. Moreover, although foreign arrivals edged up 1.3 percent
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyMinistry (MoF) and the European Commission (EC) expect private consumption to drop by 0.6 and 0.5 percent respectively. Private consumption is the biggest contributor to GDP making up nearly 69 percent..., according to the MoF and EC respectively for 2016. Investments made up 12 percent of GDP in Q2
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingmillion) and consumer credit (-10 million). Overall, the Greek NPL ratio edged up to 35.4 percent... are expected to drop from 15.2 billion in 2015 to 7.7 billion in 2019. This corresponds to a drop..., pro-forma for the divestment of Astir Palace hotel, which was completed in early Q4, edged up 10
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Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomyin Central Bank funding in December mostly reflects a drop in the Emergency Liquidity Assistance (ELA..., before the signing of the third bailout programme. Almost half of the cumulative drop of 43.1... from the previous month with ELA funding making up around two thirds of the total central bank funding
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyin December after a higher drop by 5 bps in November, Bank of Greece (BoG) data displayed on Thursday... average rate of 0.45 percent. Meanwhile a sharper drop in the overnight interest rates for both...) edged up 3 bps to 14.51 percent. The housing loan rate increased by 21 bps to 2.83 percent, while
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammedifference for all current main pensions, with the resulting drop in an individual pension limited to 22... will be cut by up to 18 percent, which means that a number of supplementary pensions will also have to be reduced. The weighted average drop in main pensions stands at 9 percent, a Labour Minister official
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Apartment prices decrease at a sharper pace by 1.8 pct in Q1
EconomyMacroeconomyquarter (Q1) of 2017, following an upwardly revised drop of 1 percent in Q4 2016, Bank of Greece (BoG... that prices in new apartments (up to 5 years old) declined by 2 percent YoY and by 0.5 percent QoQ... and other cities dropped at a sharper pace by 2.7 and 2.8 percent, respectively. Following the QoQ drop
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Industrial turnover soars 19 pct in May for seventh successive month
EconomyMacroeconomytrailing index up by 8.4 percent also reflecting a weak performance in the second half of 2016... percent, while mining and quarrying turnover surged by 31.6 percent but makes up just a fraction...). In contrast, only six sectors posted a drop with the biggest decline recorded by other transport
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Newsletter 130 - 04/08/2017
, a Supreme Court prosecutor ordered a second review of the decision to drop the investigation... fell by 3.42 billion in June to end the month to 52.03 billion. The drop is entirely attributable... to 23.32 billion euros at the end of the second quarter (Q2) of 2017, up from 22.49 billion at the end
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GDP rises by 0.5 pct in Q2 as signs of recovery emerge
EconomyMacroeconomyexport growth of 3.8 percent, partially offset by a marginal drop in households’ consumption... and 3.3 percent YoY, taking final consumption expenditure up by 0.4 percent QoQ and 1.2 percent YoY. Final consumption retains the lion’s share of GDP, making up 91 percent of the total figure in Q2
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