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Credit net flows remain negative in Aug, growth at just 0.9 pct YoY
EconomyMacroeconomyin August, after a 1.4 billion euros drop in July, with back-to-back net contraction... lending balance’s net monthly flow was negative by 319 million euros, after a drop of 1.18 billion euros
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Consumer confidence takes 10-point dive in September
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points, after a 0.7-point increase in August, according to European Commission figures released on Thursday... unchanged at 36.8 points, after a sharp drop of 6 points in the previous month. Services confidence
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Unemployment rate remains lodged near 11 pct after no change in Aug
EconomyMacroeconomy, amounting to 512,193, a drop of 12.2 percent. Unemployment is now approaching the half million-mark..., a drop of 0.9 pps year-on-year. Youth unemployment dropped by over 7 pps year-on-year to 22.5
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IMF forecasts high primary surpluses, tempers growth expectations
EconomyMacroeconomy. The unemployment rate is expected to drop below 10 pct by next year, reaching 9.3 pct from 10.8... of GDP. According to the forecasts, the general deficit will drop below 1 pct of GDP next year
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S&P awards investment grade, bringing arduous cycle for economy to a close
Economy, a development that would affect the debt reduction effort. The debt load is expected to drop to 146 pct... continues to drop from the combination of solid primary surpluses and structural reforms that would
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Led by lending to corporations, pace of credit growth rises to 2.1 pct in Sep
EconomyMacroeconomyin September, after a 405-million euros drop in August, reversing the net contraction of recent months.... The corporate lending balance’s net monthly flow was positive by 2.05 billion euros, after a drop of 322
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomypeople in September compared with the same month of 2022, amounting to 467,804, a drop of 18.2 percent... percent, while the rate for men stood at 8 percent, a drop of 1.4 pps year-on-year. Youth unemployment
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
EconomyBankingEurobank posted an adjusted net profit of 916.3 million euros in 9M 2023, compared to a profit of 924.2 million euros last year, a drop of under 1 percent. The profit was adjusted by normalising... and restructuring costs. Net profit was 980.1 million euros vs. 1.11 billion euros in 2022, a drop
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Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
EconomyMacroeconomyby a drop of 2 pct in housing costs due to price reductions in rentals for dwellings, services... also down by 3.2 pct and transport also had a marginal drop of 0.4 percent due to vehicle prices
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Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln
EconomyMacroeconomyGreece’s central government debt recorded a drop of almost 2 billion euros to 402.88 billion euros in Q3 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday. The Q3 debt movements reflect a drop of nearly 4 billion euros in repos and lower FSM loans by half a billion, partially offset
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