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July rise of 388 mln in unpaid taxes is lowest for two years
EconomyMacroeconomySecretariat of Information Systems (GSIS). The month on month (MoM) increase in July is the lowest reading... – eased by 200 million MoM to 72.28 billion in July. The year to date evolution indicates a decline... by 188 million MoM to 78.56 billion at the end of July. GSIS figures also provided an update
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyan improvement by around 1.83 billion month on month (MoM), according to the final budget bulletin... and is fully attributed to higher revenues. The significant MoM widening of the primary surplus, which... offsetting a revenue shortfall of 4.32 billion. The 7-month budget deficit also improved MoM
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Greek deflation decelerates to 1.5 pct due to VAT rate hikes
EconomyMacroeconomy. On a monthly basis, CPI fell by 0.4 percent month on month (MoM) as the impact from the VAT rate... MoM drop (-18.6 percent), while slower price decreases were recorded in household equipment (-2.5... by 3 percent MoM, followed by hotels, cafes and restaurants (+1.6 percent) and health (+1.5 percent
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomysector (including tax refund arrears) rose by 412 million euros month on month (MoM) in July, which... percent MoM. Since the beginning of the year, arrears have grown by more than 52 percent or 1.97... MoM to 313.17 billion reflecting: 1) A drop in Greek government bonds (GGBs) by 3.55 billion
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CPI falls at accelerating rate of 1.7 pct in Sept
EconomyMacroeconomydisplayed CPI rebounded 1.8 percent month on month (MoM), primarily due to the end of the summer sales... in the clothing and footwear prices that climbed 38.4 percent MoM, while prices in household equipment... MoM respectively. Greece entered deflation territory in March 2013, with the CPI remaining steadily
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomyfor the first time this year by 1.7 percent or 101 million month on month (MoM) to 5.86 billion euros... by the end of 2016. Debt The stock of gross debt marginally rose by 159 million MoM to 314.71 billion... of gg guarantees dropped for the third straight month by 444 million MoM in October reflecting a decline
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economy. The worsened fiscal performance in November is largely attributed to a month on month (MoM) rise... security sector. In more detail, grants to social security funds rose by around 400 million euros MoM... remained almost stable MoM at 1.56 billion, while grants to social security funds climbed to 1.23
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Retail sales fall at slightly slower pace of 3.9 pct in Oct
EconomyMacroeconomyremained broadly stable (+0.3 percent) month on month (MoM). The most important movements involved... as well as food, beverages and tobacco fell by 9.7 and 3.7 percent MoM respectively. The seasonally... and volume improved by 0.7 and 0.5 percent MoM respectively. Over the last six years, retail sales have
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Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
EconomyMacroeconomypercent month on month (MoM) almost offsetting the drop by 9.3 percent MoM in November, which... and non-alcoholic beverages as well as in housing fell by 1 and 0.9 percent MoM respectively. Greece
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Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015
EconomyMacroeconomy(MoM) with the most marked rises in books, stationery and other goods (+63.3 percent), retail sales... percent MoM. It is worth noting that the seasonally adjusted figures showed retail sales and volume grew 1.9 and 1.7 percent MoM respectively. Over the last 6 years, retail turnover has plummeted by 36.3
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