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  1. Bank credit contracts by 1.7 pct in September on loan deductions of 355 million

    EconomyMacroeconomy

    The rate of credit contraction in the Greek market remained stable at 1.7 percent in September, Bank of Greece (BoG) figures showed on Thursday. The loan balance further dropped to 198.42 billion at the end of September, which is the lowest reading since June 2007. The monthly net deductions slowed

    5%

  2. Parliament's budget office sees obstacles to recovery, warns on private debt

    EconomyMacroeconomy

    In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals. In particular, the recession is continuing, while a drop in the Q2 unemployment rate is mostly attributed

    5%

  3. PMI falls again in October amid ongoing drop in output and new orders

    EconomyMacroeconomy

    underlying demand, while the rate of contraction was the sharpest since July. New orders continued

    5%

  4. Office prices edge up 0.2 pct in H1, retail prices drop 0.8 pct

    EconomyMacroeconomy

    index increased 0.3 percent in H1, at a slightly slower rate compared to the 0.4 percent posted

    5%

  5. Car sales jump by 20 pct in October

    EconomyMacroeconomy

    increased at a faster pace of 22.8 percent in October, compared to the growth rate of 6.1 percent

    5%

  6. Industrial production edges up 0.1 pct in September
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) edged up 0.1 percent in September, after an upward revised identical growth rate in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. Last month, ELSTAT said industrial production fell 0.3 percent in August. The headline figure

    5%

  7. CPI drops at a slower pace of 0.5 pct in October
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    the rate of decline accelerated to 1.3 percent in 2014 and further to 1.7 percent in 2015. For this year

    5%

  8. Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    to a decrease, but the rate varies between 4 percent (EC) and 6.3 percent (MoF). Imports retreated at a slower

    5%

  9. Building activity rebounds 16.6 pct in Aug, largely due to low base effect

    EconomyMacroeconomy

    change in numbers results in a disproportionally high or low growth rate. Despite the rebound posted

    5%

  10. Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
    Photo by MacroPolis

    EconomyBanking

    Liquidity Assistance (ELA) funding and repo cost at negative rate, which more than offset the negative

    5%