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  1. Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
    Photo by MacroPolis

    Economy

    since February last year. Greece is three notches away from investment grade for Fitch. Fitch highlights... quarter of last year, and employment rose by 1.8 percent in the January-October period, while... and cost competitiveness over time. Fitch expects the economy to grow by 2.3 percent this year

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  2. Building permits rise by 18 pct in Nov, beat 2017 figure in aggregate period
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits rose by 18 percent year-on-year (YoY) in November, dropping from a rise of 23.8... permits was issued in western Macedonia with 16 permits. During the first 11 months of the year... to November, building permits in 2018 have now surpassed the full-year figure for 2017. Signs

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  3. Primary cash surplus at 735 mln in Jan on expenditure and interest payment rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s central government primary cash surplus fell by 1.95 billion euros year-on-year (YoY... also recorded a deficit of 415 million, declining by 1.51 billion against last year’s surplus of 1.10... in January compared to 4.16 billion a year ago. Expenditure rose by 44.8 percent to 4.41 billion euros

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  4. Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent in Q3. Compared to the same quarter in the previous year, GDP at current prices increased... to the corresponding quarter last year, private consumption increased by 1.1 percent in Q4 and matched the YoY rise... terms while public consumption fell by 2.5 percent across the year. Investments As noted previously

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  5. Turnover in tourism grows by 2.8 pct during Q4 and 9 pct in 2018
    Photo by MacroPolis

    EconomyMacroeconomy

    quarter in the fourth quarter (Q4) of the year, with an increase of 2.8 percent compared to an upward... by 4.3 percent year-on-year, while the index for food service activities increased by 1.4 percent. On an annual basis, the average index in accommodation rose by 8.2 percent during the year, while

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  6. Building permits down by 7.5 pct in Dec but up by 10.3 pct during 2018
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits decreased by 7.5 percent year-on-year (YoY) in December, dropping from a rise... has surpassed the total for 2017 by 1,478 permits. However, the total for the year is roughly 84... YoY during the fourth quarter (Q4) of the year and by 1.5 percent in 2018 compared to an average

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  7. Wages index up by 4.9 pct in Q4 to reach highest level since 2012
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index rose by 4.9 percent year-on-year (YoY) in the last quarter of last year, following a rise of 4.6 percent in Q3, Hellenic Statistical Authority (ELSTAT... matches the annual increase of Q1 the same year, the highest annual increases since the last quarter

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  8. Industrial turnover down by 7.6 pct in January
    Photo by James Montgomerie via Flickr https://flic.kr/p/jY8Sn

    EconomyMacroeconomy

    Greece’s industrial turnover fell by 7.6 percent year-on-year (YoY) in January, deepening from... and pharmaceutical preparations with an annual rise of 39.2 percent. The three largest year-on-year declines... points from -4.6 points. Year-on-year, industry confidence has deteriorated by 5.4 points.

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  9. Travel balance rises to 66 mln in January
    Photo by MacroPolis

    EconomyMacroeconomy

    million a year ago, Bank of Greece (BoG) data has shown. Receipts came to 232.4 million euros for the month, increasing by 53.2 percent year-on-year (YoY). Travel payments also rose by 20.4 percent... for the year came to 33.2 million visitors, surpassing the prediction made by SETE. Tourism remains

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  10. Newsletter 201 -21/04/2019

    Newsletters

    but may make do with just paying off the instalments that are due this year and next year, which... 2019 as a year of potential challenges for Greece because external trade wars could hamper the country... addressed the challenges of non-performing exposures (NPE) in the banking system. At the end of last year

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