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Newsletter 109 - 03/03/2017
remaining stable in the previous month, to land at 92.9. Consumer confidence dropped at a sharp pace... in December after an upward revised increase by 4 percent in the previous month. The decrease... after remaining stable in the previous month, BoG data showed. This resulted from the extended
7% -
Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyquarter (Q4) of 2016, after downward revised growth of 0.6 percent in the previous quarter... QoQ in Q4 decelerating from the 0.6 percent growth recorded in the previous quarter. Compared... growth of 6.1 percent in the previous quarter, which reflected a low base effect, as Q3 2015 figure
7% -
General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln
EconomyMacroeconomy. Although all other sub-sectors posted a positive primary balance, it deteriorated from the previous year... 1.8 billion in the previous two months, arrears to the private sector (including tax refund arrears.... As a result, the arrears’ stock rose to 4.81 billion in January from 4.54 billion in the previous month
7% -
Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
EconomyMacroeconomystraight month, with the surplus increasing to 1.1 billion in February from 1.02 billion in the previous... by 170 million euros. In the previous month, revenues had outperformed by 347 million. The MoF said... in February to 2.92 billion, which stands 808 million below target. In the previous month, primary
7% -
Unemployment rate up to 23.6 pct in Q4, down to 23.5 for 2016
EconomyMacroeconomyis seasonally higher in Q4 compared to the previous quarter, mainly reflecting the tourism season in Q3... in the previous two quarters. The Q4 figure represents the lowest reading since 2001, from when data... after a short-lived rise to 73.8 percent in the previous quarter. Part-time employment climbed
7% -
Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingmillion euros from 41.1 million in the previous quarter. For the whole year, the bank recorded net... percent in the previous quarter. The breakdown showed the small business loan (SBL) sector has... loan NII. For similar reasons, the full year NII improved by 1.4 percent from the previous year
7% -
NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingprofits of 73 million euros from 6 million in the previous quarter. The lender’s Q4 results include... percent in Q4 from 46.4 percent in the previous quarter with the cash coverage ratio at 56.5 percent... in the previous quarter. Moreover, the NPL coverage ratio rose to 74.3 percent in Q4, remaining
7% -
General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
EconomyMacroeconomya rise of 261 million in the previous month. As a result, the outstanding balance stood at 5.05 billion... from the previous month to 325.12 billion at the end of February. The decline largely reflects... by an increase in repos by 850 million. All other debt components remained almost stable from the previous
7% -
Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomy, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank... Assistance (ELA) funding by 775 million in March after a brief rise of 334 million in the previous..., which made up 71 percent of the total figure in March from less than 70 percent in the previous month
7% -
Primary surplus up to 3.9 pct of GDP in 2016, far above target
EconomyMacroeconomysurplus figure to 0.42 percent of GDP from 0.15 percent in its previous estimate on October 20... percent of GDP) compared to a deficit of 5.59 billion (3.2 percent of GDP) in the previous year... of recession with the primary surplus significantly improving by 6.13 billion from the previous
7%