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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
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... in May after remaining broadly stable in April. The drop in May is the highest since January. Banknotes
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingin June outperforming target by 300 million, while a drop of another 1.2 billion should be achieved...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income... from the March figure. Alpha noted that the post-June drop in Eurosystem funding was driven by repo
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyreduced by 2.3 percentage points (pp) on the back of a drop in the number of unemployed by 115,943... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish.... The unemployment rate for men fell to 17.9 percent, a decline of by 1.9 pp year-on-year. The largest drop
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Turnover in services sector shows mixed picture in Q3 2017
EconomyMacroeconomyshowed on Friday. Specifically, six of the 15 services posted a drop in the current quarter, the same... the last five years, the figures revealed that the largest drop since Q3 2012 came from services... that the index declined by 0.8 points to 13.6, the second consecutive drop. In the year to date
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Stress test assumptions cause few concerns for Greek banks
EconomyBanking, residential real estate values will drop marginally by 0.5 percent this year and grow by 1 percent... scenario, GDP is assumed to drop by 1.3 percent in 2018, 2.1 percent in 2019 and grow by 0.2 percent... and commercial properties are severely stressed, with home prices assumed to drop by 17.4 percent from
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeatureswas a roughly 25 percent rise in unemployment in tandem with a 27 percent drop in GDP. The study, titled... due to a cumulative 21.8 percent drop in wages across the six years, but also due to an increase... by more than a third, the drop in the price index did not exceed 2.7 percent. In the wider manufacturing
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Consumer price index turns positive in February with 0.1 pct rise
EconomyMacroeconomy, education and hotels and restaurants. These were partially offset by prices drop in various food... and recreation. The month-on-month drop of 0.1 percent is attributed to price drops noted in alcohol and tobacco, clothing and footwear by 5.4 percent due to the winter sales, a price drop in heating
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Turnover in services sector shows improvements in Q4 2017
EconomyMacroeconomyrate of growth was noted in telecommunications (+5.3 percent). Five of the 15 services posted a drop... that the largest drop since Q4 2012 came from management and consultancy activities (-43.5 percent... in December showed that the index declined by 0.2 points to 13.4, the third consecutive drop. Across
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Newsletter 166 -15/06/2018
in Q1 Latest quarter’s decline is the lowest contraction on record The drop in the nominal value... from a revised drop of 0.4 percent in Q4 2017, Bank of Greece (BoG) data showed this week. The latest figure marks three continuous quarters during which the drop in apartment prices has remained
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Building permits up by 4.4 pct in May and 5.3 pct in first five months
EconomyMacroeconomyquarter of the year after a drop of 0.2 percent in Q1. The latest figure marks the first increase... drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator
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