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Industrial production grows 5.4 pct in May after marginal rise in April
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 5.4 percent in May following upwardly revised growth of 0.8 percent in May, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. The headline figure for May is the eighth successive positive reading, recovering from the growth
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomyGreece’s current account (C/A) deficit increased by 124.3 million euros to 581.6 million in May... percent to finish at 2.49 billion. Overall the goods deficit stood at 1.52 billion in May. BoG also..., respectively, during May. The BoG noted that no remarkable transactions were recorded under direct
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Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
EconomyProgramme, the government will adopt as a prior action by May 2018 the Medium-Term Fiscal Strategy (MTFS) 2019-22.... Greece, in agreement with the institutions, may use the available fiscal space to strengthen social... forward next May the implementation of the lower tax-free threshold from 2020 to 2019 if the IMF
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Manufacturing PMI up to 54.2 in May, completing 12 months of rises
EconomyMacroeconomyThe Greek manufacturing sector’s recovery completed a full year of expansion in May, with Markit’s... it was in the previous month. The growth of new business picked up in May, while growth of new orders for exports hit... orders made by domestic clients. Hiring in May was just below the overall record of March this year
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CPI up by 0.6 pct in May, second positive reading the year
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.6 percent in May after remaining stable in April... for the 12-month period from June 2017 to May 2018 was 0.6 percent. Month-on-month, the CPI fell by 0.3 percent compared to April’s figure. The core index remained unchanged in May following a 0.1 percent rise
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Car sales up by 18.7 pct in May, motorcycle sales rise 16.3 pct
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 18.7 percent in May Hellenic... of the total car sales during May. Over half of all passenger cars sold were registered in the Attica prefecture. The aggregate figure from January to May showed a rise in sales of 28.9 percent, or 88,488
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Credit contraction unchanged at 1.9 pct in May, balance at 179.34 bln
EconomyMacroeconomyCredit contraction in the Greek market remained at 1.9 percent in May, unchanged from April... in the previous month. During May, the corporate lending balance was negative by 169.2 million, recovering from... to 103.7 million in May, which took the balance to 80.28 billion for the month. Driven by the net
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Deposits positive for fourth month as May sees inflows of 919.4 mln
EconomyMacroeconomyin May versus inflows of 870.1 million in April, Bank of Greece (BoG) figures revealed on Wednesday... into the Greek banking system. May’s deposit inflows overtook April’s as the second highest for the year so... in May to come to 142.94 billion. The BoG’s most recent monthly financial statement showed
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Industrial turnover drops by 2.3 pct in May
EconomyMacroeconomyGreece’s industrial turnover fell by 2.3 percent year-on-year (YoY) in May compared to a rise of 13.4 percent in April, Hellenic Statistical Authority (ELSTAT) data published on Friday showed. May’s... percent. For non-eurozone countries, a fall of13.4 percent was noted. In May, declines were noted
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomyGreece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank... at 4.4 million euros in May. For the same month last year, the YoY change came to a decline of 2.9... to around 1,400. Those from France were down by 100 percent with no arrivals registered in May. Visitors
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