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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomystems from a double-digit increase (10.3 percent) in imports and a slight drop in exports (-1.5 percent... to 2.49 billion euros from 3.32 billion last year. However, the rate of C/A deficit drop continued... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases
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Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent... the peak of 102.2 posted in Q3 2008. The drop in transactions exceeds 90 percent over the past six... to the evolution of building activity, which posted a cumulative drop of 75 percent since 2008. The latest
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Greek PMI drops into contraction territory in September, falling to 48.4 points
EconomyMacroeconomycontraction, suggests a deterioration of business conditions at the end of the third quarter. The drop... growth in August, production fell slightly in September. This was the second drop in the last three... the past four months. Lower purchasing activity also led to a drop in the stocks of purchases
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Greek disposable income continues its slide in Q2, reached 29 pct during crisis
EconomyMacroeconomy) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT). Q2 rate of drop.... The continued drop in disposable income mainly reflects a decline in the compensation of employees.... In contrast, property income showed a low single digit drop (-9.8 percent) over the past five
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Greeks exports down by 8.7 pct in September as imports rise by 7.4 pct
Economybut the drop accelerated to 8.7 percent, according to the flash estimates of commercial transactions released... drop of 7.2 percent. In contrast, imports resumed an upward trend rising by 7.4 percent in September... months still points to a drop of 1.9 percent. The breakdown by region did not show any material deviation
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Greek economic sentiment and consumer confidence fall sharply in December
EconomyMacroeconomyfor December is the lowest reading since Apri, while the monthly change suggests the sharpest drop... in November. The recorded drop of 4 points indicates the second worst monthly movement year to date... gains of almost 23 points. Three of the other four business indicators also recorded a drop in December
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Greek exports rise by 6.6 pct in November to trim trade deficit
EconomyMacroeconomyThe drop in Greece’s trade deficit accelerated to 10.7 percent in November after easing by 4.4.... The double-digit drop of 10.7 percent is the third highest this year and reflects an increase in exports... drop (-8.4 percent) mainly on account of lower export growth (+0.9 percent), while imports fell
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Fall in Greek building activity accelerates to 19 pct in October
EconomyMacroeconomyfigures for October showed a milder drop, at -13 and -6.5 percent respectively. The aggregate figures... 65,500 in 2008, almost three times the GDP drop in this period. In addition, although other business... activity, showed they fell 7 percent in Q3 2014 with a cumulative drop of 37.4 percent since Q3 2008
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Greek apartment prices down 5.8 pct in Q4 2014
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the sixth successive quarter to 5.8 percent... and 91 percent respectively over the last six years. The biggest YoY drop in appraisals was posted... a further drop in building permits by 18 percent clearly indicating that a rebound is not in sight
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Greek industrial turnover plummets by 8.9 pct in Dec as manufacturing suffers
EconomyMacroeconomyAuthority (ELSTAT). This is the second highest monthly drop and the seventh negative reading in 2014... respectively. The drop for the non-domestic market showed mixed trends. Industrial turnover for non... of the five main industrial groupings recorded a drop in industrial turnover in December with the highest
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