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  1. Greek PMI rises to 49.6 in May as uncertainty continues to impact
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth... conditions. The deterioration however was slightly improved upon in May compared to previous months. The PMI stood at 49.6 in May, up from 48.2 in April. The rate of decline eased for the second successive

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  2. Net job hirings reach new high of 89,534 in May, 5-month figure a record
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The employment balance stayed positive in May 2017 with net hirings climbing by around 13,000... on Wednesday. This year’s figure is the highest positive reading for May since 2001. It is worth noting that May has had a positive employment balance over the last 17 years. Specifically, hirings stood

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  3. May is the cruelest month
    Photo by Can Esenbel

    Agora

    relationship. However, European leaders fear that Theresa May’s government might be too fragile... showing a 20 point lead for the Conservatives. This suggested a landslide that would have allowed May... process. At the same time, the 13 new Scottish Conservative MPs and their leader Ruth Davidson may

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  4. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from... in May, from additions of 659 million in April. The May figure is the highest negative reading since January, when net deductions reached 885 million. The negative flow in May reflects net deductions

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  5. General govt primary cash surplus at 2.25 bln in May, arrears rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the total figure. Arrears Arrears to the private sector (including tax refund arrears) rose in May... to bring them to 5.05 billion in May. The largest declines in May were recorded in the subsectors... of May, representing 44.4 percent of the total, followed by tax refunds of 1.21 billion (23.9

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  6. New overdue tax obligations reach 717 mln in May, total at 95.2 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s new tax debt eased slightly to 717 million euros in May from 754 million in April... categories rose by 599 million in May, a notable decline from the figure of 714 million in April. Around one... in May from 85 percent in the previous month. The amounts due for the other three key taxes, namely

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  7. Eurosystem funding falls by 716 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG... funding fell in May after having risen for two consecutive months. In recent months, ELA funding has been steadily falling, with the latest reduction coming on May 17, when the ECB announced that the ELA

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  8. May current account shows surplus of 191.5 million as underlying indicators improve
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account (C/A) balance recorded a surplus of 191.5 million euros in May, reversing... drove the improvement in the balance, leading it to come to a surplus in May. The deficit... in the balance of goods declined by 127 million in May. Improvements were noted in both the oil balance

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  9. Car sales rise by 15.2 pct in May and 9.7 pct in aggregate period
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 15.2 percent in May compared.... In May 2018, the year-on-year rise had come to 18.7 percent. May’s headline figure marks two... for the month came to 23,010 compared to 19,977 in May last year. Out of the total, passenger car sales rose

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  10. Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect

    EconomyMacroeconomy

    , compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary..., beating the aggregate target by 2.55 billion euros. The monthly primary balance for May came... to May 2018 when the figure stood at a deficit of 947 million euros, the monthly primary balance’s

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