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PMI improves in May but points to further deterioration in manufacturing
EconomyMacroeconomymonth but the rate of contraction was moderate and slower than that of April. The largest drop was posted in investment and intermediate goods. The reduction in output was mainly led by lower new... showed that the drop in May’s incoming new work was largely attributed to uncertainty and adverse
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Newsletter 37 - 31/07/2015
sources, the drop in corporate turnover has ranged from 30 to 80 percent across the various business sectors. A recent survey by Endeavor Greece found 18 percent of companies indicated a drop in revenue..., the lack of liquidity and the ban on using credit cards abroad has led to the postponement of business
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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomybillion in July, up 5.2 percent. The substantial improvement in July, led the 7-month C/A balance... by 959 million and lower services’ surplus by 243 million. The considerable drop in the goods’ deficit to 10.21 billion reflects a double-digit drop in imports (-12.3 percent) to 25.05 billion, while
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyaccession to the eurozone in 2002. It also points to a cumulative drop by 90 bps since last June when capital controls were imposed. Following the drop in February, the time deposit rate in the Greek market... on housing loans by 20 bps to 2.55 percent partially offsetting a drop by 34 bps posted in January
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingreflects a notable rise in the pre-provision income (PPI) and a significant drop in loan loss provisions... in operating income coupled with cost containment led PPI up by almost 58 percent QoQ to 261.1 million... to a notable drop in the cost of risk (provisions over loans) to 1.76 percent in Q1 from 2.64 percent
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H1 exports show notable fall in many sectors but agricultural products buck trend
Economythe downswing in total exports largely reflects a drop in fuels by 24.1 percent to 2.9 billion... percent from 43.7 percent a year ago. The biggest drop was recorded in manufactured goods (-9.8 percent... and food and live animals slipped 0.7 percent. The breakdown by region displayed a modest drop of 1
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Newsletter 95 - 11/11/2016
reflects a drop in the number of employed by 7,000 to 3.36 million, coupled with an increase... in October, after a decline by 1 percent in September. The slight drop is mostly attributed... is the lowest reading since December 2014. The monthly drop reflects a decrease in both the ECB
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Newsletter 97 - 25/11/2016
to the September performance, the 9-month decrease in travel revenues fully reflects a drop... of politicians that had served in the governments led by his predecessors as heads of the centre-right... surplus by 178 million euros and a drop in the goods deficit by 76.6 million. The primary
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Newsletter 106 - 10/02/2017
billion in 2009 to 5.82 billion in 2015. The marked drop in operating costs led to efficiency gains... and transfers by 1.53 and 1.07 billion, respectively. Arrears to the private sector recorded a notable drop... in November from 22.4 percent in the previous month. The upward movement is attributed to a drop
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Newsletter 108 - 24/02/2017
, but reports have suggested that this may drop to around 1.5 percent of GDP, bringing the total down.... The drop in full-year receipts fully reflects a reduction in the average expenditure per trip by 11.3... reflects a significant drop in the services surplus by 1.61 billion and, to a lesser extent
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