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CPI falls at a slower pace of 0.5 pct in February
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop..., while goods index fell by 1 percent. The drop in February CPI is mainly attributed to a decrease...). Compared to the previous month, February CPI declined by 0.4 percent largely due to a drop
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorapercent quarter on quarter (QoQ) in Q4, mainly due to a drop in the funding cost stemming from...-year figure points to a 3.9 percent drop. Most banks guided for a double-digit rebound in commission.... This largely reflects a sharp drop in loan provisions and an NII rebound on the back of reduced reliance
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Current account deficit widens to 412 mln in May
EconomyMacroeconomyby around 272 million euros fully reflects a drop in the services surplus by 442 million, which more... year to positive this May. Moreover, BoG said that the drop in exports is largely due to a decrease... coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop
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Retail sales rebound by 7.1 pct in July for first time in thirteen months
EconomyMacroeconomyThe turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop... drop of 7.2 percent in the corresponding period last year. The breakdown showed turnover in almost... store category that posted a month on month (MoM) drop in July was retail sale not in stores, where
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy. On the flipside, direct taxes are estimated to drop by around 300 million to 20.42 billion in 2017. On the cost front, primary expenditure is projected to drop by more than 1.4 billion euros to around 44 billion... clearance. However, the debt to GDP ratio is expected to drop to 176.5 percent in 2017 from 180.3
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeatures. Employment in the tourism sector grew by 7 percent between 2008-2016 versus the 23 percent drop.... With around 60 percent of these visitors staying in hotels, this rise comfortably offset the drop... conditions of 2015 also led hoteliers in Greece to drop their rates under pressure from travel agencies
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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomy. The month-on-month decline is the most substantial for the year so far and surpasses the drop in June... in the Emergency Liquidity Assistance (ELA) funding by 3.37 billion, the largest drop since June 2016... be reduced further by 1.6 billion euros to 38.9 billion. The drop reflected “developments in the liquidity
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Industrial production falls by 1.2 pct in May
EconomyMacroeconomyMarch’s drop of 0.2 percent. Month-on-month (MoM), the index declined by 2 percent after a revised... and quarrying production index. A drop of 2.7 percent was also noted in the water supply index. Meanwhile... (+1.6 percent) and capital goods (+1 percent). A drop of 10 percent was noted in energy production
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Industrial turnover edges down by 0.5 pct in September
EconomyMacroeconomy, while the turnover in the non-domestic market rose by 1.7 percent. The drop in the domestic market was driven by a drop of 8.3 percent in the turnover index in mining and quarrying. The turnover... was seen in energy. Within the mining and quarrying sector, the biggest drop was seen in the category
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Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
EconomyMacroeconomyemployment stood at 3.87 million people. The drops in those employed was offset by a sharper drop... percent, equal to a fall of 1.8 pps year-on-year. Broken down by age group, the largest annual drop... for this age group stands at 19.8 percent. The lowest drop in unemployment was seen in those aged 35-44
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