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Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
EconomyMacroeconomyhalf of this drop, falling by 1 pp to 27.8 percent in June. The breakdown by age displayed lower... for this year and a lower figure of 23.4 percent for next year. OECD estimates are more optimistic
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Wages index sees strong rebound of 4.6 pct in Q2
EconomyMacroeconomy. Despite the rebound in Q2, the wages index still stands 26 percent lower than the peak six years ago..., voluntary salary cuts, lower minimum wages and new collective labour agreements. Moreover, public sector
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomyand non-euro area residents – posted lower inflows of 997 million in August. On top of private sector... of the reinstatement of the waiver on Greek government securities, lower haircut applied on ELA collateral
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Travel receipts drop 9.2 pct in Aug, dragging balance down 10.6 pct
EconomyMacroeconomyforeign arrivals, travel receipts may end up lower this year largely reflecting the more competitive prices offered during the summer period. Market sources also noted that lower tourism revenues
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In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
EconomyMacroeconomyof reinstatement of waiver on Greek government securities and lower haircut applied on ELA collateral.... Overall, the current stock of Eurosystem funding stands 54.79 billion euros lower than the June 2015
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyand much lower decline in goods by 5.8 percent. For 2016, MoF and EC estimates are broadly similar..., while OECD’s estimate stands a bit lower at 0.2 percent. In contrast, IMF sees a marginal GDP expansion
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingto 388.9 million in Q3, mainly driven by lower funding cost largely stemming from reduced reliance.... Commission income rebounded 7.1 percent QoQ to 76.4 million, mostly due to lower government
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Newsletter 97 - 25/11/2016
percent quarter on quarter (QoQ) to 485 million in Q3, largely on the back of lower Eurosystem...’s figure is eight points lower than it was last autumn (the biggest fall among all EU members
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Travel receipts rebound 2.3 pct in September, 9-month figure still points to a decline of 5.5 pct
EconomyMacroeconomybillion. Lower travel revenues are attributed to a reduction in the average expenditure per trip... volume growth, market sources suggest that travel receipts will end up lower in 2016 from last year’s
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Moody’s changes outlook for Greek banks from negative to stable
EconomyBanking, largely due to significantly lower impairment losses, reduced funding costs and contained operating...), which is considered to be lower quality capital, according to Moody’s. Moreover, the rating agency
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