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Greece in inflation for first time since Feb 2013 as CPI rises 1.2 pct in Jan
EconomyMacroeconomysoared 2 percent and the services’ index edged up 0.1 percent. The harmonised index of consumer prices... CPI decreased 0.8 percent, largely due to a sharp drop in clothing and footwear prices by 24.5 percent... percent, at a slower pace compared to the drop of 1.7 percent in 2015. All recent forecasts point
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Primary cash balance turns to 295 mln deficit in Q1
EconomyMacroeconomyincreased by 929 million. The sharp drop in March expenditure led the 3-month figure up by 1.21... percent to 1.07 billion in the 3-month period of the year. This reflected a modest drop in net revenues
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Current account deficit widens to 1.3 bln in March
EconomyMacroeconomyto 76.5 million from 31.3 million last year, mostly reflecting a sharp drop in travel payments by 33... receipts in particular declined by 4.8 percent to 513.2 million, partially reflecting a drop... the travel surplus up to 140.1 million from 76.4 million a year ago. Financial account Residents
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Greek PMI rises to 49.6 in May as uncertainty continues to impact
EconomyMacroeconomy. The PMI stood at 49.6 in May, up from 48.2 in April. The rate of decline eased for the second successive month and was fractional overall. A further fall in new orders, which led to a drop in output...-weakest in the nine-month period and was slight overall. As a result of the drop in production
8% -
Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April... area average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate... spread for Greek banks rose accordingly by 27 bps to 4.43 percent in April, after posting a drop
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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomymillion in May with the figure for the period up by 77 million from last year to 3.08 billion... stemmed from a rise in net revenues by 3.7 percent coupled with a drop in expenditure by 3 percent, which outpaced a sharp drop in the PIB surplus to just 12 million from 831 million in the corresponding
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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomythe largest drop since February this year. As a result, central bank funding landed at 54.25... by 12.36 billion, mainly reflecting a drop in ECB funding by 6.63 billion, as Greek banks replaced... funding composition stayed similar to the previous month, with ELA funding making up 69.9 percent
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Unemployment at 21.7 pct in May after revised April figure
EconomyMacroeconomyby 1.9 percentage points (pp) on the back of a drop in the number of unemployed by 100,056 along with a rise in those employed by 76,295. Non-seasonally adjusted (NSA) unemployment edged up slightly... lower, declining by 1.7 pp to 18.1 percent. The most significant drop in unemployment of 5.3 pp
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Building activity drops by 5.2 pct in August
EconomyMacroeconomyBuilding permits went down by 5.2 percent in August, falling at a greater rate than the drop of 2.4... in the second quarter of 2017. This followed a revised drop of 1.7 percent in the previous quarter... confidence index edged up by 0.6 points.
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Newsletter 160 -04/05/2018
. Household savings deposits registered inflows of 357.3 million euros, picking up pace from the figure... environment. Retail sales drop by 0.4 pct in Feb Volume declines by 0.1 pct after a revised increase of 0.9... month-on-month to 73.6 in February, while volume rose by 1.3 percent to 72.6 percent. February’s drop
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