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More lost ground made up in Aug as travel surplus nears 3 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.97 billion euros in August, from 1.32 billion euros a year ago, when the tourism sector rounded off a rather tentative peak season due to the pandemic outbreak, according to Bank of Greece (BoG) data released on Friday. Although performance more than
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Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 5.96 billion euros in the first nine months of 2021, compared with a deficit of 7 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday. The primary balance exceeded the target set
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Disposable income rises by 7 pct in Q2 as economy recovers, savings still positive
EconomyMacroeconomyHousehold disposable income increased by 7 percent year-on-year in the second quarter (Q2), from 5.1 percent in the first quarter (Q1) of 2021, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. The absolute figure was 33.04 billion euros, from 30.89 billion euros a year
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Retail sales grow for fifth month in a row but rate eases to 8.8 pct
EconomyMacroeconomyGrowth in Greece’s retail sales slowed down in August, rising by 8.8 percent year-on-year (YoY), from a slightly downward revised 13.1 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Retail sales have been growing continuously since April, after nearly one year
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Discussion over PEPP, SGP draw attention to rising yields
EconomyFeaturesof the largest support packages in the EU. According to the data presented in the draft budget
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Trade deficit widens by 27.8 pct to 2.11 bln, led by oil products
EconomyMacroeconomyGreece’s trade deficit increased by 27.8 percent year-on-year (YoY) in September, from 43.3 percent in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The deficit came to 2.11 billion euros for the month. Imports totalled 5.81 billion euros, rising
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingin the latest official data by the Bank of Greece for Q2 2021, with the stock dropping to 34.57 billion
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Oct CPI at highest since May 2011, led by natural gas, oil and electricity
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) continued its climb in October, rising by 3.4 percent year-on-year (YoY), from 2.2 percent in September, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday. The average CPI for the rolling 12 months is in negative
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Newsletter 316 - 12/11/2021
cost in 2021. Based on draft budget data, the deficit of 2020 was 16.13 billion and 17.73 expected
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Building activity recovery continues in Aug, up by 29 pct in 2021
EconomyMacroeconomyThe number of building permits issued in Greece picked up again in August, rising by 12.7 percent year-on-year (YoY), from an increase of 6.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. The total number of permits came to 1,468, from 1,303
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