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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyGreek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday. Since the impositio...
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General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros in January 2016 from 381 million last year, according to the Finance Ministry (MoF) gg bulletin published on Thursday. The notable fiscal performance is largel...
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Industrial production up by 4.6 pct in Jan
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew by 4.6 percent in January from 6.2 percent in December, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. January was third successive month of growth and the headline figure represents the...
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomyGreece’s budget primary surplus for the first two months of 2016 was confirmed at 3.04 billion euros from 1.24 billion last year, according to Wednesday’s Finance Ministry (MoF) final budget bulletin displayed. The marked fiscal improvement is largely a...
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Retail sales down by 3.8 pct in Jan for eighth straight fall
EconomyMacroeconomyThe turnover of Greece’s retail trade index continued heading south for the eighth straight month in January, when it dropped at an accelerating pace of 3.8 percent after a marginal fall of 0.2 percent in December, Hellenic Statistical Agency (ELSTAT) f...
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Eurosystem funding falls below 100-bln mark for first time since Jan 2015
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped for the tenth straight month in April, albeit at the decelerating pace of 1.88 billion euros after a decrease of 2.78 billion in March, according to the Bank of Greece's (BoG) monthly financial statement on Thursd...
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General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros in the 4-month period of 2016 from 581 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday. The remarkable...
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Travel Receipts by Country of Origin (Jan-Dec 2014-2016)
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Economic sentiment stays stable at 95.1 in Jan, consumer confidence dives 3.4 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) remained at 95.1 in January, unchanged from the previous month, the European Commission (EC) figures revealed on Monday. This means that the headline figure stayed at its highest level since March 2015, when ESI stood a...
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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday. The PMI landed at 46.6, which is the lowest reading since September 2015 and stands well below the long-...
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