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Deposits edged up further as they rose by 359 mln in May
EconomyMacroeconomymillion euros in May, compared with inflows of 3.13 billion euros in April, Bank of Greece (BoG) figures... deposits of 56.2 billion euros. In May last year, net deposit movement was positive by 1.72 billion euros. A breakdown of the figures revealed that sight deposits rose by 810 million euros in May. Savings
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Current account shows deficit of 1.4 bln in May as imports rise
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 1.4 billion euros in May compared to 2.08 billion euros in April, Bank of Greece (BoG) data showed on Wednesday. In May 2020, the balance showed...-on-year (YoY). According to the BoG, May’s performance is mainly due to a worsening in the balance
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomybillion euros. The budget balance up to May came to a deficit of 4.07 billion euros, from a 10.8-billion-euro deficit in May 2021. The overall deficit is better than the target by 2.43 billion euros..., above the target by 574 million euros. Expenditure In May, overall expenditure stood at 26.35 billion
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Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
EconomyMacroeconomyThe rise in Greece’s trade deficit accelerated in May, jumping by 84.7 percent year-on-year (YoY... percent YoY. Exports totalled 4.78 billion euros. This is an increase of 47.9 percent compared with May... the value of oil products and ships, the trade deficit rose by 64.8 percent YoY in May, to 2.53 billion
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Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
EconomyMacroeconomyThe growth in Greece’s retail sales experienced a significant slowdown in May, rising by 5.1... in May decreased by 4.2 percent YoY, after having increased by 10 percent in April. Compared to May... points seen in August last year. The recovery trend that had started last year reversed in May 2021
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Car sales pick up pace in May, up 13.8 pct in first five months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time accelerated in May, rising by 5.6... Statistical Authority (ELSTAT) data released on Tuesday. In May 2022, the year-on-year change was a 21.3 percent rise. Car sales in May came to 22,877 compared to 21,655 in 2022, a rise of 5.6 percent
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VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomyThe budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared... to May showed a deficit of 1.12 billion euros, from a 4.07-billion-euro deficit in 2022. The overall..., 459 million more than the target. Expenditure In May, overall expenditure stood at 27.37 billion
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Credit growth slows to 3.1 pct in May, as flow to corporations contracts
EconomyMacroeconomyThe pace of credit movement in the Greek private sector continued to slow in May, rising by 3.1... the trend had been declining since and May was half the previous high. The net lending flow was negative by 275 million euros in May, after a 789 million euros drop in April. The outstanding balance
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Economic sentiment improves further in May, consumer confidence dips
EconomyMacroeconomyGreece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points... of the previous high of August 2023. Over the rolling 12-month period, the ESI in May is up 1.7 points from June last year. The average ESI in the EU stood at 96.5 points in May, from 96.2 points
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Revenues continue beating targets in May, tight rein on spending remains
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.35 billion euros up tp May, according... balance up to May showed a surplus of 1.88 billion euros, from a 535 million euros deficit up to May...-March. Tax refunds came to 3.82 billion euros, above target by 1.13 billion euros. Expenditure By May
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