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Economic sentiment edges up in March, consumer confidence deteriorates for third straight month
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved by 0.5 points in March following a drop by 2.2 points..., albeit at a slower pace by 1.1 points in March following a decrease of 5.5 points in February. Following... confidence indicator (+1.1 points). On the flipside, the construction confidence indicator has dropped by 3.9
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyquarter (Q1) of 2017, after a downwardly revised drop of 1.1 percent in the previous quarter... by 1.1 percent in the previous quarter. It grew by 0.9 percent YoY from a decrease of 0.7 percent..., expecting GDP to grow by 2.1 percent, while the IMF estimate is slightly higher at 2.2 percent.
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Newsletter 138
surplus would exceed even the 2.2 percent of GDP recorded in the draft 2018 budget and would allow the government to hand out at least 1.1 billion euros. In contrast to previous Athens reportedly has 71... figure declined by 1.1 percent. The headline figure for the month is the first negative reading
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Newsletter 149 -2/02/2018
to grow by a steady rate of 0.9 to 1.1 percent, residential real estate values will drop marginally... falling by 9.2, 6.1 and 2.2 percent in the 2018 – 2020 period, again 17.4 percent below the baseline...) retail sales index fell by 0.9 percent month-on-month to 71.3 in November, while volume fell by 1.1
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CPI declines by 0.2 pct in March for year’s second negative reading
EconomyMacroeconomyin March, declining from 0.4 percent in February. The annual average HICP for 2017 was positive by 1.1 percent. March’s decline stems largely from a fall of 2.2 percent in miscellaneous goods and services... as prices return to pre-seasonal sales levels. This was followed by household equipment (+1.1 percent
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Banks meet NPE targets in Q1 but mortgage reductions remain slow
EconomyMacroeconomyand representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The NPE ratio stood... volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate NPLs came to 35 billion... 2017 until the end of 2019, which is more ambitious than the initial target by 2.2 billion
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The race to reduce Greece's bad loans
EconomyBankingon target for the quarter and representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate... by 2.2 billion. The targeted reduction in NPLs is stated as 47 percent (or by 34.2 billion) across
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August current account shows surplus of 1.56 bln as deficit in primary income account grows
EconomyMacroeconomyworsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... from a 1.1 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net increase in liabilities was driven by a rise of 2.2 billion in non-residents holdings of Greek government bonds
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingand unsecured consumer loans for a total outstanding principal of 1.1 billion. Of the total... quarter, the figure came to 17.8 billion, leaving 2.2 billion to reduce by year end. Alpha Bank Towards.... The total collateral is valued by NBG at 1.1 billion euros, of which 650 million concerns commercial
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomypercent. Private consumption is forecasted to rise by 1.1 percent and exports growth to slow to 5.8... main categories, with tax revenues increasing by 2.2 percent year on year to 46.42 billion euros... by 298 million euros to 16.8 billion. Expenditure will stay broadly stable, up by 1.1 percent
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