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  1. Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln

    EconomyMacroeconomy

    of Greece (BoG). Although the YoY drop is the slowest since April 2013, the monthly net deductions.... Despite the rise in corporate lending net deductions to 801 million euros in May, the rate of drop

    2%

  2. Greek jobless rate remains stuck at 27.3 pct for third month
    Photo by Harry van Versendaal

    Economy

    unemployment figure stems from a 0.1 percent month on month (MoM) drop in the number of employed... in April, 3,600 lower than March. The cumulative drop over the past five years stands at 23.5 percent

    2%

  3. Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010

    EconomyMacroeconomy

    of May, Eurosystem funding stood at 50.66 billion. The monthly movement is due to a drop in ECB funding... a decrease of ECB funding by 18.27 billion and ELA funding by 9.79 billion. The year to date drop is mostly

    2%

  4. Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct

    Economy

    drop in travel spending per trip, which almost counterbalanced a 12.6 percent rise in international... drop in May. The more updated figures by the Association of Greek Tourism Enterprises (SETE

    2%

  5. UnLuCky for some: Another painful lesson from the euro crisis
    Photo by Harry van Versendaal

    Agora

    into freefall, revenues drop and expenses for a social safety net are required - a combination which has... in the current account came purely from the economic depression and the drastic drop in demand

    2%

  6. Greek PMI falls again in July, dropping to 48.7 points

    EconomyMacroeconomy

    goods. The rate of drop in July new orders was faster than that observed in June, mainly reflecting... rate. Buying levels were also down pointing to the first drop over the past 3 months. Stocks

    2%

  7. BoG charts how crisis has affected private sector employment

    Economy

    employment at 0.1 percent. In addition, this positive trend was reversed in April, which recorded a drop... for men in 2004-2011) and a similar drop in the January 2012 – November 2013 period, at -12.8 percent

    2%

  8. Unemployment at 27.2 pct in May, hardly changed from previous months

    EconomyMacroeconomy

    in May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest... figure down 2.9 percent, rising from the 1.8 percent drop posted in April. In absolute figures

    2%

  9. Sudden spurt for Greek exports, which rose by 11.3 pct in June

    EconomyMacroeconomy

    The rate of change in Greece’s exports turned positive showing an increase of 11.3 percent in June following a drop of 7.5 percent in May, according to the flash estimates released by Hellenic.... Excluding the impact of oil products, exports eased by 0.9 percent. This stemmed from a drop in exports

    2%

  10. Industrial turnover rebounds by 10.5 pct in June after three months of decline

    EconomyMacroeconomy

    12 months, the average index showed a drop of 4.2 percent. The increase in June reflects a rise... drop of 46.3 and 30.1 percent respectively. Unlike the hard data for June, Markit’s Manufacturing PMI

    2%