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Manufacturing PMI up for third straight month but still falls short of growth
EconomyMacroeconomyin December from 49.1 in November, according to Markit. Although slightly improved, the headline figure... of marginal output, new order intakes fell again in December, signalling continued underlying... in December. After a slight drop in October and a stable trend in November, output marginally rose
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2015 primary surplus exceeds target as revenues outperform and expenditure is reined in
Economythe Public Investment Budget (PIB) balance was 353 million above target. In December in particular... straight month by 13.2 percent in December, from 14.6 percent in November. The absolute figure landed... year, yet they were slightly short of the 1.1 billion target. December reported revenues were 1.03
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyGreek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank... June 2015 with net loan additions of 210 million euros in December from deductions of 458 million in November. The positive flow in December is entirely attributed to corporate additions of 355 million
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Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month
EconomyMacroeconomyGreek banks’ Eurosystem funding declined by 1.16 billion euros month-on-month (MoM) in December, the Bank of Greece's (BoG) final financial statement for 2018 has revealed. As of December, the total... 2018, Eurosystem funding declined by around 22.60 billion. December’s figure was driven largely
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New tax debt at 8.02 bln to Dec, down by 26.7 pct versus 2018
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt jumped by 1.06 billion euros in December, data... a rise of 1.03 billion month-on-month in December, bringing the total to 7.50 billion euros compared to 6.47 billion in November. The VAT collectability rate came to 87.9 percent in December. The amount
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Current account deficit more than halves to 2.57 bln in 2019
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 540.3 million euros in December, from...-on-year (YoY). According to the BoG, December’s performance is primarily attributable to improvement... balance edged up YoY by 8.4 million, reaching 510.1 million euros in December. The travel balance showed
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Newsletter 280 -15/01/2020
more hirings than firings in December, data from the Labour Ministry’s Ergani information system... and December this year was driven by hirings of 1,986,442 versus departures of 1,893,439. CPI falls... year-on-year (YoY) in December compared to a decline of 2.1 percent seen in November, Hellenic
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Current account deficit hits €11.2 bln in 2020 after tourism collapse
EconomyMacroeconomy. The country posted a C/A deficit of 653.8 million euros in December compared to 1.26 billion euros in November. In December 2019, the balance showed a deficit of 572.3 million euros, meaning that the month’s deficit worsened by 81.5 million euros year-on-year (YoY). According to the BoG, December’s
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Newsletter 286 - 26/02/2021
Covid-19 cases since early December on Tuesday, when the National Health Organisation (EODY) revealed... and training reform adopted in December last year and the higher education law that was voted..., Bank of Greece data showed. The country posted a C/A deficit of 653.8 million euros in December
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyGreece's current account (C/A) balance showed a deficit for the third successive month in December... and other goods increased. Overall, exports grew 8.1 percent in December, while imports eased 0.6... in December from surplus of 20.8 million last year. Travel receipts rose by a mere 1 percent last
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