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  1. Better income account helps squeeze Greek C/A deficit in January

    EconomyMacroeconomy

    Greece's January current account (C/A) deficit narrowed moderately to 295 million euros from 314 million last year, according to the Bank of Greece (BoG). The 6.1 percent year on year (YoY) drop.... In contrast, the non-oil trade deficit narrowed on higher reduction in the import bill than the drop

    4%

  2. Manufacturing PMI moved back into contraction territory in March

    EconomyMacroeconomy

    Greece’s Manufacturing PMI slowed to 49.7 in March from 51.3 in February, falling back below the 50-point mark that separates growth from contraction, according to Markit. The drop in the headline.... Despite a further drop in the manufacturing sector employment, the net rate of job losses

    4%

  3. Greek retail index dropped 4.3 pct in January

    EconomyMacroeconomy

    increase. On the downside, the food sector excelled with a 7.6 percent drop followed by non-food... GDP rebound of 0.6 percent this year, the latest official forecasts call for a further drop

    4%

  4. Car sales continue upward course as registrations increase by 33.1 pct in March

    EconomyMacroeconomy

    . The headline figure to March turned positive with a double-digit rise (+22.3 percent) from a drop... posted a modest rise of 1.3 percent, also reflecting a low-base effect, after a sharp drop exceeding 30

    4%

  5. Jobless rate drops for fifth month to 26.5 pct in Feb but employed also falling
    Photo by Harry van Versendaal

    Economy

    . The monthly movement reflects a higher drop in the number of unemployed compared to that of employed. After... showing a MoM drop of 1.4 percent. The average unemployment rate stood at 27.3 percent in 2013

    4%

  6. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    percent reduction in operating expenses, a 29 percent drop in impairment losses as well as elimination... funding facility to the Greek farmers (loans are disbursed in Q4 and repaid in Q1), the respective drop

    4%

  7. How Greek banks moved into a new era
    Photo by MacroPolis

    Agora

    containment and a double-digit QoQ drop in loan provisions. Most of these trends are broadly expected... to continue showing a double-digit drop in the coming quarters. Although these positive trends

    4%

  8. Unemployment rate edges down for sixth straight month to 26.8 pct in March

    EconomyMacroeconomy

    . The YoY drop in the number of employed further decelerated to 0.3 percent in March, the slowest rate since... the 25-percent mark. The European Commission and the International Monetary Fund both estimate a drop

    4%

  9. Greek Q1 unemployment remains at record quarterly high of 27.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    deterioration year on year (YoY) in Q1 unemployment reflects a drop in the number of employed by 0.6... a 0.6 pps drop YoY. More than half of the employed are concentrated in five economic activities

    4%

  10. BoG sees central gov't primary surplus to May at 1.06 bln on cash basis

    EconomyMacroeconomy

    1.31 billion, the underlying figure stands at 16.82 billion, implying a 1.2 percent drop... smoother drop by 7.3 percent to 19.58 billion. The respective 5-month budget item stood at 19.81

    4%