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Industrial production shows growth of 0.8 pct in November
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 0.8 percent in November after October’s rise was upwardly revised to 0.7 percent, Hellenic Statistical Authority (ELSTAT) data revealed... represents a slight recovery compared to last month’s figure, which is the lowest for 2017
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Coalition focuses on positives as MPs gear up for vote on vast multi-bill
PoliticsGreek Politics, Tsipras’s statement outlines the approach that will be taken by the government in terms of its... if first-degree unions decided on action. Greece’s two main unions, ADEDY and GSEE, have said... and ANEL MPs without any complications after the meeting of the senior coalition partner’s parliamentary
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Coalition stresses positives, expects full support for multi-bill
PoliticsGreek Politics. The government’s concern is that the measures relating to strikes and auctions are hurting its standing... of the government’s list in its efforts to paint a more positive picture of what has been agreed... and a provision for employees at bankrupt companies to be at the head of the line in terms of the firm’s
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CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.7 percent in December, slowing from November’s growth of 1.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The latest headline.... The Finance Ministry’s latest draft budget projects the HICP to rise by 1.1 percent in 2018.
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Industrial turnover increases by 12.9 pct in November
EconomyMacroeconomyGreece’s industrial turnover grew by 12.9 percent in November after October’s figure was upwardly revised to 11.6 percent, according to Hellenic Statistical Authority (ELSTAT) data published... behind November’s performance was an increase in mining and quarrying by 13.6 percent, as well as a 12.9
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Lenders set ambitious e-auction targets for Athens
EconomyProgrammeGreece’s lenders have made it clear that they will keep a close eye on the unhindered conduct... euros from the 6.7 billion tranche that was approved at yesterday’s Eurogroup. European Commissioner... of these auctions took place, mainly due to disruption by activists. Greece’s lenders feel
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Travel balance up by 81.4 pct in November, foreign arrivals increase
EconomyMacroeconomyGreece’s travel receipts increased by 81.4 percent year-on-year in November, compared to a rise... in November, pushing the aggregate figure up by 8.6 percent to 17.9 million. According to SETE’s... visitors, meaning that according to BoG at least, 2017 is set to exceed SETE’s estimates. Furthermore
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Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
EconomyMacroeconomyGreece’s retail sales fell by 1.7 percent year-on-year in November after October’s revised decline of 0.7 percent, according to data published by the Hellenic Statistical Agency (ELSTAT) on Wednesday. November’s headline figure is the largest decline for 2017 and the third negative reading in a row
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PMI up to 55.2 in January, highest since October 2007
EconomyMacroeconomyGreece’s Manufacturing PMI increased strongly by 2.1 points in January to 55.2, remaining above the 50-mark threshold for the eighth month in a row. Markit’s PMI headline figure for the first month... than selling prices. Markit analysts commented on the strong start to the year which Greece’s
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General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus amounted to 5.93 billion euros... Ministry’s (MoF) monthly gg bulletin. Social security funds (SSFs) continued to be the most improved... of Greece’s financial statement for December. Bank support remained unchanged, while gg entities fell
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