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  1. Greek economic sentiment and consumer confidence fall in August
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    EconomyMacroeconomy

    Greece’s economic sentiment deteriorated for the second straight month, easing to 101.9 points in August from 102.6 in July, according to the European Commission (EC). The reading remains above the 100-point mark for the third successive month. Despite ...

    2%

  2. Small but rare rise of 0.4 pct for Greek retail turnover in June
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    EconomyMacroeconomy

    The turnover of Greece’s retail trade index rebounded 0.4 percent year on year (YoY) in June after falling by a revised 8.3 percent in May, according to the Hellenic Statistical Agency (ELSTAT). Retail volume showed a higher increase at 3.8 percent in J...

    2%

  3. Greek PMI up to 50.1 in August, employment and profitability still falling

    EconomyMacroeconomy

    Greece’s Manufacturing PMI resumed an upward trend for the first time since April, rising by 1.4 points to 50.1 in August from 48.7 in July, according to Markit. This was the first reading above the 50-point mark - which separates growth from contractio...

    2%

  4. Greek unemployment rate hovers at 27 pct in June
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    EconomyMacroeconomy

    The seasonally adjusted jobless rate further slipped to 27 percent in June following a downward revised 27.1 percent recorded in May, according to the Hellenic Statistical Agency (ELSTAT). The unemployment evolution in June stems from a 0.3 percent mont...

    2%

  5. Friction over property tax exposes cracks in Greek coalition's strategy
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    PoliticsGreek Politics

    Although the government passed its latest amendments to the troubled single property tax (ENFIA) on Thursday, the atmosphere surrounding the ballot underlined that all is not well within the coalition. Parliament is still in its summer sessions so the 5...

    2%

  6. Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
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    Economy

    Greece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month period from 2.28 billion in the 7-month, according to the preliminary data released by the Ministry of Finance (MoF). This implies a primary deficit of 3...

    2%

  7. Greek central government primary cash surplus to August at 2.3 bln
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    EconomyMacroeconomy

    Greece’s central government primary cash balance turned to a surplus of 2.32 billion in the 8-month period from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation of 5.53 billion year on year. T...

    2%

  8. Greek primary budget surplus to August narrows to 1.95 bln on lower revenues

    Economy

    Greece’s budget execution showed the primary surplus narrowing to 1.95 billion in the 8-month period, according to the final data released by the Ministry of Finance (MoF). The surplus for the 7-month period had been 2.28 billion euros. Tuesday’s figure...

    2%

  9. Greek trade deficit widens by 29.4 pct in July as import rate soars

    EconomyMacroeconomy

    The rate at which Greece’s trade deficit is expanding was back into double digits in July, when it increased by 29.4 percent from 7.4 percent in June, according to the Hellenic Statistical Authority (ELSTAT). In absolute numbers, the headline figure hik...

    2%

  10. Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
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    EconomyMacroeconomy

    After a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT). The index covers the t...

    2%