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Newsletter 120 - 26/05/2017
Strong underspend leads to primary expenditure finishing 1.19 billion below estimates The budget.... The outperformance largely reflects a strong underspend, with primary expenditure finishing at 1.19 billion lower.... Following the QoQ drop in Q1, the apartment prices index landed at a new record low of 59.1. From its
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Car sales drop 2.5 pct in May for second successive month
EconomyMacroeconomyrecorded in 2015 and stood at 128,910. However, in spite of the strong cumulative rebound by 66... of the rent-a-car fleets, on the back of the strong tourism volume figures also supported by gradual... percent in April and landed at 14,302. Passenger cars retain the lion’s share making up 85 percent
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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomy. Following this revision, the 5-month primary surplus beat target by 792 million, fully reflecting strong... decreased by 3.4 percent to 16.09 billion, still entailing a strong underspend of 791 million. The MoF... by 11.8 percent in May, after a decline by 2.6 percent in the previous month and landed at 3.05
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyto a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled... a strong underspend of 1.16 billion. The latter largely reflects lower social protection, which stood... successive month by 7 percent in June, after a double-digit drop of 11.8 percent in May and landed at 3.24
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Greek banks' NPL selloff gathers speed
EconomyBankinghave their own NPL portfolio sales in the works, which have attracted strong interest. Alpha Bank..., dubbed Project Ameoba, has also attracted strong interest. The first phase was recently completed... million in Q2, and landed at 26.8 billion, beating the target for the month by around 100 million euros
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Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
EconomyMacroeconomymillion euros, a strong improvement on the balance for the same period last year which showed... grew to 1.09 billion, a strong improvement against the figure for the same time last year of 742... by 641 million euros. The monthly primary balance landed on a deficit of 80 million euros, improving
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingpercent following an aggregate impact of +212 bps driven mainly by strong PPI generation, while under... were strong despite the challenge of reduced NII and higher costs of risk charges. He noted... fell for the fifth quarter in a row by around 290 million euros QoQ in Q1 and landed at 24.5 billion
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Newsletter 167 -22/06/2018
question is whether the strong opposition to the deal among voters (68.3 percent are opposed according... groupings registered positive growth for April. Greece’s industrial turnover reflected a strong... landed on a deficit of 86.7 million euros, worsening by 232.7 million. The surplus of the services
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Newsletter 175 -21/09/2018
Tourism numbers boost services surplus for month’s strong performance Greece’s current account (C... overall in percentage terms. July’s headline figure was driven mainly by strong performance... figure is the second consecutive month that employment figures have landed on a negative balance
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Newsletter 181 -2/11/2018
PMI slows to 53.1 in October Order increases and employment remain strong Greece’s Manufacturing... growth remained strong in October, with new clients and market expansion driving orders. In addition... the rate came to 2.7 percent. The absolute figure landed at 30.8 billion euros and largely reflects
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