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In third straight month of decline, industrial turnover falls 4.9 pct in May
EconomyMacroeconomypercent in May. Nevertheless, the latter makes up only a fraction of the total turnover index, thus... by 4.9 percent in May from a revised -10.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May performance indicates the ninth negative reading in the past 17 months, while
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek 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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Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
EconomyMacroeconomyincludes 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... to 17.71 billion euros against last year’s total of 16.94 billion. Compared to the same time last
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Budget primary shows deficit of 8.17 bln in May, falling below target
EconomyMacroeconomyMinistry (MoF) budget execution bulletin for May showed on Tuesday. The primary balance was below its... euros. The monthly primary balance for May came to a deficit of 1.97 billion euros, worsening from... billion euros in May 2020. Revenues On a monthly basis, net revenues came to 3.17 billion euros
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Trade deficit widens in May as exports contract by 15.4 pct
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 11 percent year-on-year (YoY) in May, after a solid drop... billion euros for May. Imports totalled 7 billion euros, dropping by 13.6 percent YoY. Exports totalled 4.06 billion euros. This is a decrease of 15.4 percent compared with May 2022. In May 2022
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Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
EconomyMacroeconomyGreece’s industrial turnover went deeper into negative territory in May, contracting by 13.6... also been recording much more modest growth rates in recent months. In May last year, with growth... percent, while the non-domestic market was down by 23.6 percent. In the domestic market, the rise in May
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Travel balance up to May rises by 30.7 pct as arrivals soar by a third
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday. May’s balance was roughly 28 percent higher than the 1.2 billion euros registered in May 2022. The balance in May 2021 was just
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VAT and income tax takings plus 721 mln underspend lead to 3.2 bln primary surplus in May
EconomyMacroeconomyto 19.88 billion euros. Net revenues came to 26.88 billion euros. The total budget balance for May...The budget primary balance was confirmed at a surplus of 3.2 billion euros in May, compared... (MoF) budget execution data released on Tuesday. In May, the budget primary balance outperformed
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Unemployment slides to 8.1% in May as male and youth rates improve
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 8.1 percent in May, from... on Wednesday. In May last year, the unemployment rate was 8.7 percent. The current levels are Greece’s... in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomyGreece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank... at 4.4 million euros in May. For the same month last year, the YoY change came to a decline of 2.9... to around 1,400. Those from France were down by 100 percent with no arrivals registered in May. Visitors
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