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Budget primary surplus at 1 bln in Jan as tax revenues outperform
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.02 billion euros in the first month of 2017, broadly stable from last year, according to the Finance Ministry (MoF) final budget execution bulletin published on Friday. Preliminary figures were released on F...
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Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market accelerated to 1.6 percent in January after remaining stable in the previous months, Bank of Greece (BoG) figures showed on Tuesday. This largely resulted from the extended deductions of 885 million eur...
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General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus rose by 120 million euros to 1.42 billion in January from 1.3 billion a year ago, the Finance Ministry (MoF) gg bulletin showed on Tuesday evening. The improvement fully reflects a substantial rise i...
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Trade deficit soars in Jan on ship imports from non-EU countries
EconomyMacroeconomyGreece’s trade deficit surged by 91.7 percent in January, following a rise of 4.8 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. The sharp rise mainly reflects soaring ship imports from non-EU countries, which caus...
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New overdue taxes rise by 1.6 bln in Jan, total stock at 93.4 bln
EconomyMacroeconomyGreece’s new tax debt increased at an accelerating pace by 1.63 billion euros in January from 1.28 billion in December, data from the Independent Authority of Public Revenues (IAPR) revealed on Thursday. The headline figure for January represents the hi...
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Industrial turnover surges 26.9 pct in Jan, also reflecting low base effect
EconomyMacroeconomyGreece’s Turnover Index in Industry soared by 26.9 percent in January after an upward revised double-digit growth of 14.7 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday. The January headline figure is the third p...
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Current account deficit narrows to 271 mln in Jan
EconomyMacroeconomyGreece’s current account (C/A) deficit narrowed to 271.1 million euros in January 2017 from 771.4 million a year ago, Bank of Greece (BoG) figures showed on Thursday. The improvement by around 500 million euros from last year largely reflects an increas...
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Travel receipts drop 2.4 pct in Jan following lower foreign arrivals
EconomyMacroeconomyGreece's travel receipts fell by 2.4 percent to 164.8 million euros in January, Bank of Greece (BoG) figures showed on Friday. At the same time, the corresponding payments rose by 15 percent to 149.5 million, leading travel surplus down by 60.6 percent ...
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Retail sales rebound 1.4 pct in Jan after brief fall in Dec
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday. The January headline figure represents the fourth positive readi...
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Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment stayed stable at 23.5 percent in January 2017 after an upward revision of the December figure, which was initially reported at 23.1 percent, Hellenic Statistical Authority (ELSTAT) labour force survey showe...
6%