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  1. General govt primary cash surplus down to 774 mln in March, arrears up by 195 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash surplus came to 774 million euros in the first three months of the year, down by 1.20 billion euros compared to the same period last year, according... entities edged down by 6 million month-on-month, while non-gg entities fell by 34 million. With bank

    9%

  2. BoG revises growth forecast down to 3.2 pct amid growing uncertainty
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8..., which have managed since the peak of December 2016 to shed 91 billion euros of bad debt, down

    9%

  3. Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
    Photo by MacroPolis

    EconomyMacroeconomy

    percent while volume is also down by 2.9 percent. This is a much more modest construction activity from... by 2.5 points to -29.4. Construction is now 31 points down from October last year and off

    9%

  4. Despite marginal rise in Mar, Q1 trade deficit down 19 pct, exports up 17.8 pct
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    and ships, the aggregate deficit was down by 11.6 percent, at 5.49 billion euros. Year to date... were down by 1.3 percent at 10.95 billion euros. Exports to EU countries increased 22.9 percent

    9%

  5. Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    billion euros, down from 12.08 billion euros in 2022. The oil deficit is more modest, from 3.61 billion... was 7.47 billion euros, from 8.43 billion euros in 2022. Imports totalled 26.98 billion euros, down from

    9%

  6. Retail sales rise by 1.5 pct in Apr, food volumes down by 4.2 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    monthly movement was up by 2.1 percent. Compared to April 2022, automotive fuel was down by 6.4 percent... and non-food down by 4.8 percent. According to the latest business indicators for June, consumer

    9%

  7. Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in this month’s number. Manufacturing revenue was down by 13.8 percent, with the mining and quarrying index... percent, while the non-domestic market was down by 23.6 percent. In the domestic market, the rise in May

    9%

  8. Current account deficit narrows further in May, down by over 3 bln in first five months
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    , down from 15.37 billion euros in 2022. The oil deficit is more modest, from 4.39 billion in 2022... euros, from 10.92 billion euros in 2022. Imports totalled 33.98 billion euros, down from 35.59

    9%

  9. Industrial production drops for first time in 2023, down 3.6 pct in June
    Image via www.viohalco.com

    EconomyMacroeconomy

    , with electricity supply down by 14.8 percent, mining was down by 8.4 percent, water supply dropped by 4.2

    9%

  10. Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    Greece submitted on Tuesday to the European Commission the 2024 Stability Programme, making it the first official document in which the Greek authorities have revised down their initial growth... of the GDP components were revised down this week with GDP growth now seen at 2.5 pct by the Finance

    9%