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Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
EconomyMacroeconomyreflecting a strong underspend with primary expenditure coming in at 1.04 billion euros below the target... percent and a drop in direct taxes by 3.3 percent. Overall tax revenues were below the monthly target
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PMI slows to 53.1 in October, orders and employment remain strong
EconomyMacroeconomyremained strong in October, with new clients and market expansion driving orders. In addition... drivers for the drop in sentiment were global political uncertainty and greater competition. Markit
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Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
EconomyMacroeconomyhad dropped by 10.8 percent. Month-on-month (MoM), the index dropped by 1.2 percent, after a drop... manufacturing sector, with strong output and growth in employment. The sector’s expansion has reached
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Construction market remains strong in Apr as building permits rise by 40 pct
EconomyMacroeconomyThe strong start to the year for building activity kept its pace in April, with a rise of 40.1 percent year-on-year (YoY), after a 39.8 percent increase in March, according to the data released... noted in the Ionian islands with 72.6 percent, with Epirus recording a drop of 7.7 percent. The low
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million... the internal ratings-based (IRB) to the standardized (STD) approach, on the back of strong H1 results... team already creating a strong performance track record, a Business Plan validated by the investor
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingto 258 million, attributable to a 13 percent drop in operating expenses and offsetting a decline... percent drop in both staff and administrative expenses and benefitting from the implementation... bps to more than 310 bps in 2020. It also sees the cost to income ratio falling below 45 percent
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Accommodation and food services turnover collapses by 84.6 pct in Q2
EconomyMacroeconomy) in the second quarter (Q2) of the year, following a downward revised drop of 7.2 percent YoY in Q1... also marked a sharp drop of 46.3 percent QoQ. The data reflects the restrictions of mobility... collapsed by 96.9 pct YoY, after a drop of 22.1 percent YoY in Q1, led by coronavirus-related hotel
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Industrial turnover records its sharpest drop in six years, down 15.4 pct in July
EconomyMacroeconomya much slower fall of 5.3 percent. The accelerated drop in July primarily reflects a similar change.... Four of the five main industrial groupings posted a drop with energy strongly underperforming... percent). In contrast, three sectors posted strong growth rates, namely computer, electronic and optical
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Retail sales drop by 0.2 pct YoY in July as fuel leads slide
EconomyMacroeconomyGreece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after.... The corresponding volume index also experienced a decline in the form of a 2.8 percent YoY drop. Retail sales... by a strong rise of 21.1 percent YoY in 12.8 percent in sales not in stores, while supermarket sales
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Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach
Economyin November with the 11 months figure down 7.3 percent to 39.27 billion. Furthermore, the marked drop... primary surplus at general government level at 812 million, with the 11-month state budget figure
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