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Newsletter 128 - 21/07/2017
in the coalition who felt that Athens had to capitalise on the positive sentiment after the June 15... that Standard and Poor’s (S&P) might upgrade Greece’s credit rating on Friday meant that Prime Minister... equipment (-31.5 percent), tobacco products (-24.8 percent) and beverages (-15.2 percent). Credit
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Newsletter 164 -01/06/2018
to deliver a comprehensive agreement by June 21. The International Monetary Fund (IMF) sees... on June 4, will give an indication of whether Greece is on track to meet its projected growth, seen.... Thursday, June 14, is widely seen as the date by which the Greek government needs to have completed
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomyGreece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit... since June 2013 reflecting contraction in intermediate goods, which was the worst-performing sector... analysts concluded that “The accelerated contraction in goods production in June ended the worst
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Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
EconomyMacroeconomyat a slower pace, by 21.7 percent in June from 27.9 percent in May, according to the Hellenic Statistical Authority (ELSTAT). The June headline figure indicates the fifth straight reading above the 20-percent..., the number of road motor cars reached 12,751 in June, which indicates the second highest reading
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Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009
EconomyMacroeconomyGreece’s Turnover Index in Industry fell at an accelerating pace in June, when it declined by 13.4 percent from 4.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT). The June... to that posted a year ago. The 13.4 percent in June is fully attributed to a 13.9 percent fall
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomyGreece's current account (C/A) balance displayed a surplus for the second successive month in June... percent to 3.41 billion, on the back of a 12.4 percent rise in non-residents’ arrivals in June. Although C/A balance displayed a surplus in June and May, the first half figure points to a deficit of 1.72
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Trade deficit falls by 3.1 pct in June
EconomyMacroeconomyGreece’s trade deficit dropped by 3.1 percent in June after a double-digit increase... for June is the third negative reading and the smallest of the three in the course of 2016. The recorded fall in June trade deficit reflects a decline in exports and imports by 6.6 and 5.2 percent
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PMI at 50.5 in June, posting first growth in 10 months
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 0.9 points in June according to Markit, standing above the 50.0... in the Greek manufacturing sector. The PMI stood at 50.5 in June, up from 49.6 in May, rising after... orders continued to fall slightly in June. The growth in orders led to the first increase in output
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Industrial turnover up by 8.1 pct in June for eighth consecutive rise
EconomyMacroeconomyGreece’s Turnover Index in Industry rose by 8.1 percent in June after upwardly revised growth... figure for June is the eighth positive reading in a row, though it is the most marginal increase recorded.... The strong performance in June originates from an increase in the turnover index for mining
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Current account surplus at 842.3 million in June, assisted by services balance
EconomyMacroeconomyGreece’s current account (C/A) balance turned to a surplus of 842.3 million euros in June from... went up by 8.6 percent to 3.74 billion. Overall the goods deficit stood at 1.43 billion in June... in June. The BoG noted that the most significant transaction in this period concerned the acquisition
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