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Newsletter 253 -05/06/2020
. Apartment prices rise by 6.9 pct in Q1 Headline figure marks ninth consecutive quarter of price rises... percent, respectively. The rise in the nominal value of apartments in Greece came to 6.9 percent... increases. The index for Q1 came to 66.9 compared to an index of 65.6 in Q4 2019. Old apartments
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Greek unemployment rate ends 2014 at 26 pct, the first uptick since Sep 2013
EconomyMacroeconomyThe seasonally adjusted (SA) unemployment rate rose to 26 percent in December from an upward revised 25.9 percent in November, according to the Hellenic Statistical Agency (ELSTAT). This was the first uptick in the headline figure since September 2013. ...
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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomyThe Greek Finance Ministry announced ahead of schedule on Tuesday afternoon the revenue evolution for September, which showed a notable outperformance against the targets. It is noted that the preliminary budget execution bulletin with the official reve...
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Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 5.96 billion euros in the first nine months of 2021, compared with a deficit of 7 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday. The...
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Credit expansion slows to 0.7 pct in Sep as loans to enterprises lead way
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.7 percent year-on-year (YoY) in September, from 0.8 percent in August, according to Bank of Greece (BoG) figures released on Wednesday. The growth in credit expansion continues to slow after rea...
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Deposits rise by 443 mln in Sep, but flow drops significantly
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system decelerated in September to 443 million euros, after an increase of 1.48 billion euros seen in August, based on Bank of Greece (BoG) figures released on Wednesday. The annual growth rem...
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Manufacturing and electricity supply help keep industrial production buoyant in Sep
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 9.7 percent year-on-year (YoY) in September, from a downward revised 10 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. IPI has been on the mend since November last ...
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Sharp rise in employed as unemployment falls to 13 pct in Sep, lowest since Aug 2010
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 13 percent in September, from 13.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In the same month last year, the unemployment rate was 16.5 percent. G...
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Current account balance improves YoY in Sep thanks to a jump in services, led by travel
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 176.7 million euros, from a surplus of 1.41 billion euros in August, Bank of Greece (BoG) data showed on Friday. In September 2020, the balance showed a deficit of 446.3 million euros, while in September ...
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Industrial turnover continues recovery with 39.6 pct rise in Sep, led by sales abroad
EconomyMacroeconomyGreece’s industrial turnover continued its remarkable recovery, jumping by 39.6 percent year-on-year (YoY) in September, from a 31.6 percent rise in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The index...
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