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  1. Retail sales fell by 1.7 percent in June, after a short-lived rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    After a short-lived rise by 2.4 percent in May, the turnover of Greece’s retail trade index fell... percent in May. The segmental breakdown of June retail sales showed high volatility among the various... significantly fell by 11.9 percent MoM, also reflecting the interim sales period in the first ten days of May

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  2. Tsipras upbeat after vote, Eurogroup but deal details may still present problems
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    , but the coalition is hoping to pass the relevant legislation before the May 24 Eurogroup. A busy... that some of the lenders may push for specific measures to be agreed now and remain on standby for implementation when – or if – needed. This may severely test the government’s cohesion as it would mean

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  3. General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend

    EconomyMacroeconomy

    (including tax refund arrears) resumed an upward trend in May after staying almost flat in April. In particular, they jumped by 327 million euros month on month (MoM) to 7.03 billion at the end of May from... by 4.22 billion to 84.81 billion at the end of May. The monthly movement largely reflects a drop in bank

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  4. Trade deficit climbs for second straight month in May, rising by 12.5 pct
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    pace, increasing by 12.5 percent in May after a 21 percent rise in April, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The headline figure for May is the third positive reading so... billion euros respectively in May, while the trade deficit reached 1.51 billion. The breakdown continued

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  5. Industrial turnover plunges 13.4 pct in May for fifth successive double-digit drop

    EconomyMacroeconomy

    Greece’s Turnover Index in Industry continued its downswing in May, diving by 13.4 percent after... period last year. The sharp decrease in May is attributed to a nosedive in manufacturing turnover..., turnover in mining of coal and lignite plummeted by 75.3 percent in May followed by computers, electronic

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  6. Car sales drop 2.5 pct in May for second successive month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for the second straight month in May but at a slower pace of 2.7 percent after a drop of 7.5 percent in April... in May, which is the second highest reading since June 2010, after a recent high of 17,290 a year ago. Passenger cars fell at a sharper pace of 6.5 percent in May following a broadly similar drop of 7.3

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  7. Industrial turnover soars 19 pct in May for seventh successive month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Turnover Index in Industry climbed at an accelerating pace by 19 percent in May, after... on Thursday. The May headline figure is the seventh successive positive reading and the third highest.... The strong performance in May is largely attributed to a solid growth in manufacturing turnover of 18.8

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  8. Unemployment at 21.7 pct in May after revised April figure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment edged down to 21.7 percent in May from an upwardly... to April to total 1.04 million. The labour force fell slightly to 4.78 million in May, which... to 21.6 percent in May from 21.4 percent in April on the back of an increase in unemployed by around

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  9. Building activity up by 45.7 pct in May, highest since Dec 2005
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    increased by 45.7 percent in May, comfortably reversing the decline of 0.9 percent noted in April... year-on-year rise in permits since December 2005. The absolute figure of permits totalled 1,237 in May... a disproportionately high positive or negative growth rate. For the five-month period from January through to May

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  10. Industrial production grows by 1 pct in May, up by 0.2 pct in first five months of the year
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) rose by 1 percent in May, slowing from an upward revised... index. A decrease of 1.1 percent was noted in the water supply production index During May, positive...). The seasonally adjusted IPI edged up by 0.5 percent, and came to 94.93 for May. The aggregate

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