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  1. Travel receipts up 17 pct in May as average expenditure per trip rebounds
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts continued heading north at a double-digit rate in May, when they rose by 17 percent in May from 16.3 percent in April, according to the Bank of Greece (BoG). The absolute figures showed travel receipts stood at 1.22 billion euros this May from 1.04 billion last year, while

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  2. Rare rebound for retail trade with 2.5 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT). The May headline figure indicates... months, since January 2014. Retail volume also rebounded by 4.2 percent in May, after declining

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  3. CPI falls at decelerating pace of 0.9 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Τhe Greek Consumer Price Index (CPI) fell at a slower pace of 0.9 percent in May from a drop of 1.3 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The May headline... trend, easing by 0.2 percent in May after a 0.4 percent decrease in April. ELSTAT figures also showed

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  4. Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln

    EconomyMacroeconomy

    Greek 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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  5. New tax arrears climb by 1.25 bln in May, total stock rises to 89 bln
    Photo by MacroPolis

    Economy

    Greece’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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  6. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
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    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped... funding landed at 56.92 billion at the end of May, which remains the lowest reading since December... to the conclusion of the second programme review. The lower dependence on ELA funding in May was largely

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  7. Deposit flow in positive territory at 638 mln in May
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The 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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  8. May retail sales show slight rise of 0.4 pct, volume increases 0.3 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    The 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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  9. Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    includes 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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  10. New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month

    EconomyMacroeconomy

    Greece’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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