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Loans under credit servicing firms increase 7.2 pct QoQ to 42.8 bln
EconomyBankingThe Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2021 regarding the operations of Credit Servicing Firms (CSFs) in Greece. BoG said that the data was being provided... been transferred by domestic credit institutions to specialised foreign financial institutions
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DBRS leaves credit rating of 'BBB' and stable outlook unchanged
EconomyMacroeconomyThe new round of rating reviews started on Friday with DBRS keeping Greece’s credit rating unchanged at ‘BBB’. The outlook also remained unchanged at stable. Earlier this year, in March, DBRS upped.... The next scheduled credit rating review is due on September 19 from Moody’s. Moody’s was the last
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Greek unemployment rose to new high of 27.9 pct in June
EconomyMacroeconomyon month (mom) and 3.3pp year on year (yoy) to 27.9 percent in June, which is a new historic high... levels (66.8 percent). Since the signing of the first MoU in June 2010, unemployment has more than... for June showing a significant drop by 1.2pp mom not reflected in the seasonally adjusted results
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Industrial turnover rebounds by 10.5 pct in June after three months of decline
EconomyMacroeconomypercent in June, according to the Hellenic Statistical Authority (ELSTAT). This is the highest monthly... 12 months, the average index showed a drop of 4.2 percent. The increase in June reflects a rise... drop of 46.3 and 30.1 percent respectively. Unlike the hard data for June, Markit’s Manufacturing PMI
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Cash primary surplus reaches 1.3 bln at end of June on lower expenditure
EconomyMacroeconomyin June, we understand that it would also reflect the further delay in the payment of the first... billion in June remained below the 3-billion mark for the second successive month. Cash expenditure... displayed a surplus of 269 million for June and 875 million for the 6-month period, with both figures spot
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Industrial production down by 4.5 pct in June for third monthly drop this year
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell for the second straight month in June, when... (ELSTAT). The June headline figure is the third negative reading in the first half of the year and the highest drop since August 2014. All sub-indices recorded a decline in June with the biggest
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Building permits shoot up by 14.7 pct in June
EconomyMacroeconomyGreek building permits rose for the fifth straight month in June, when there was an increase... Authority (ELSTAT) data showed on Friday. The June headline figure is the second highest reading... dropping by 9.2 and 14.8 percent respectively. ELSTAT said that as of June it will no longer publish
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PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday. The headline figure for June represents an expansion, albeit marginal... dropping in the past five years. Markit analysts concluded that the June survey “signalled stabilising
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Industrial turnover falls by 9.4 pct in June
EconomyMacroeconomyon year in June from a revised 13.6 percent drop in May, according to data released by ELSTAT... groupings in June continued the negative trend year to date, with energy turnover falling by 18.8... products by 12.8 percent. The manufacturing turnover decline in June is primarily attributed to the non
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Building activity slumps by 21.7 pct in June for sixth successive month
EconomyMacroeconomyGreek building permits fell for the sixth straight month by 21.7 percent in June, at a slower pace compared to the 31.5 percent drop recorded in May, Hellenic Statistical Authority (ELSTAT) data... in June. It is worth noting that the absolute figure of building permits reached 1,081 in June
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