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  1. Overall loan interest rate drops to 4.23 pct in May

    EconomyMacroeconomy

    The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 18 basis points (bps) to 4.23 percent in May from 4.05 percent in April, data from... the corresponding volume of new business fell to 237 million in May from 262 million in April

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  2. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    in EFSF/ESM/IMF loans which came to 250 billion euros in May and made up 69.2 percent of the total... and came to 11.79 billion in May. Bank support was unchanged month-on-month at 320 million. Gg

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  3. Trade deficit falls by 47.7 pct in May
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit fell by 47.7 percent year-on-year (YoY) in May compared to a drop of 30.3 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed... the value of oil products and ships, the trade deficit fell by 42 percent YoY in May. The aggregate

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  4. Industrial production down by 4.9 pct YoY in May but picks up from previous month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic... by 7.2 percent, following a rise of 2.9 percent in May. The annual movement in the index was driven

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  5. PMI edges down to 48.7 points in October as output declines at fastest rate since May
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    . The rate of decline was the fastest since May. The decline was spearheaded by a fall in new orders..., the recovery to pre-pandemic levels may be drawn out,” they concluded.

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  6. Late May Day rallies highlight divides in left and labour movement
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    A general strike and late May Day protest were held in Greece on Thursday in protest against upcoming labour legislation by the New Democracy government. The bill about to be presented in Parliament... labour issues as its own political turf, and have pointedly refused to join SYRIZA on Thursday’s May

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  7. Trade deficit widens by 43.9 pct in May as imports soar
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit rose by 43.9 percent year-on-year (YoY) in May, following a rise of 70.7 percent in April compared to an increase, according to data from the Hellenic Statistical Authority... products and ships, the trade deficit rose by 62.6 percent YoY in May. The aggregate figure for the first

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  8. Oct CPI at highest since May 2011, led by natural gas, oil and electricity

    EconomyMacroeconomy

    . Until May this year, when CPI posted a marginal increase of 0.1 percent, the index was in negative... observed across the economy. The latest figure of 3.4 percent has not been recorded since May 2011

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  9. Deposit rise of 1.3 bln in May led by corporates as household savings drop
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March... back-to-back negative flows since the same period in 2019. The annual growth in May was up to 6.3

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  10. PM targets elections in May as polls show outcome is finely balanced

    PoliticsGreek Politics

    , the first of potentially two votes, will be held before the end of May. There had been intense speculation that Mitsotakis would opt for May 21, but some rumours suggested that he might want to wait

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