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PMI rises to 49.3 in Dec but likelihood of growth remains slim
EconomyMacroeconomy. Greek manufacturers reported a drop in their backlogs in December. This has been the case since July
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomythe rate in loans to sole proprietors slipped by 3 bps to 7.36 percent. Overall, the drop in corporate
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Trade deficit rises by 1.2 pct in November
EconomyMacroeconomyGreece’s trade deficit edged up by 1.2 percent in November, after a double-digit drop of 16.1 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Monday. The upward movement reflects an increase in both imports and exports by 2.9 and 4.2 percent respectively. Exports rose
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingcards posted a slightly lower drop of 5 percent to 121 euros, largely due to the restrained financial
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Decisive week for Greek programme begins with proposal from Athens
EconomyProgrammeand will accelerate a drop in unemployment, Tsakalotos noted.
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ESM and EFSF approve short-term debt relief measures for Greece
EconomyProgramme2060, while gross financing needs are foreseen to drop by almost 5 pp over the same period. Speaking
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Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
EconomyMacroeconomyAssistance (ELA) funding by 1.37 billion, while ECB funding posted a smaller drop by 500 million
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Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomyfrom 44.2 percent in December 2015, mainly attributed to a drop in performing loans by 3.2 percent
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Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
EconomyBankingfor 2016. The marked drop in operating expenses led to efficiency gains with Greek banks’ cost to income
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Unemployment rate stable at 23 pct in November
EconomyMacroeconomymonth. The upward movement is attributed to a drop in the number of employed by 64.700 coupled
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