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Lending to corporations drives credit expansion of 3.8 pct YoY in Feb
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace slightly in February, rising by 3.8 percent year-on-year (YoY), up from 3 percent in January, Bank of Greece (BoG) figures released on Thursday showed. At 6.3 percent, December’s 2022 growth was the highest since the summer of 2009
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Deposits continue to slide in Feb as households and firms dip into savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted further in February with a drop of 1.07 billion euros, after a 5.24 billion euros drop in January, based on the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in February was 3 percent year on year
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Polls show drastic erosion of trust in institutions, but ND retaining political dominance
PoliticsGreek Politicssplinter party New Left tie with Spartiates at 3 percent. Leftists MeRA25 remain in play with 2.5
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Newsletter 419 - 05/04/2024
, while full allocation boosts growth to over 3 pct. It was reported this week that the Finance Ministry
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Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
EconomyMacroeconomythe RRF and has allocated 455 million euros, above target by 3 million euros.
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Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach
EconomyMacroeconomymillion euros. Revenues jumped by over 3 billion euros to 107.84 billion euros, from 104.61 billion
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Newsletter 422 - 26/04/2024
issue had secured. PDMA drew 3 billion euros from the transaction and already reached 70 pct
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Deposits reverse contraction in Mar with 1.67 bln growth
EconomyMacroeconomyThe net private sector deposits in the Greek banking system increased in March with a rise of 1.67 billion euros, after a 1.07 billion euros drop in February, based on the latest Bank of Greece (BoG) figures released on Friday. The annual growth in March was 2.6 percent year on year (YoY), from 3
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Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb
EconomyMacroeconomyGreece’s retail sales went deeper into contraction in February, with a drop of 3.8 percent year-on-year (YoY), after an upwards revised decline of 3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index recorded a sharp decrease of 9.8
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Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar
EconomyMacroeconomyby drops of 3 percent in manufacturing and 0.9 percent in water supply. Mining increased by 1.2
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