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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomyof internal devaluation and deflation (1.3 percent), contracted 0.2 percent YoY in Q4 from a drop of 0.3... percent YoY contraction in each of the first two quarters of the year. The largest drop... more than 70 percent of GDP but has posted a cumulative drop of more than 24 percent since 2008
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyis attributed to a significant drop in the net oil import bill, while net payments for purchases of ships... by 2.82 billion, on strong tourism, and to a lesser extent to shrinking income account deficit... as a drop in non residents’ holdings of Greek government bonds and T-Bills. For the full year, the net
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyby 8.1 percent with receipts up 13.3 percent, entirely reflecting a strong growth (+34.3 percent) in non... a sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services... assets, largely due to a drop in residents’ holdings of foreign bonds and T-Bills by 11.4 billion
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Building activity rises again in March as permits increase by 19.1 pct
EconomyMacroeconomyrecording a strong growth of 29.3 and 31.7 percent respectively. However, due to the negative performance that prevailed in the prior period, the run rate over the trailing twelve months still displays a drop... Aegean (+35.3 percent). On the flipside, Ipeiros was the only region recording a drop by 11.6 percent
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Most services in Greece see turnover improve in Q1
EconomyMacroeconomyand accounting services (+11.9 percent). On the flipside, the 3 service activities that posted a drop in Q1.... In particular, the highest QoQ drop was posted by architectural and engineering activities (-55.6 percent... percent). In contrast, just two service activities displayed a strong rebound QoQ, namely office
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomya sharp decline in new orders at an accelerating pace leading to a drop in production at the fastest..., as well as in consumer and investment. A sharp and accelerated drop was posted in new orders led... to strong competitive pressures and efforts towards new customer attraction. It is noteworthy
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Greek business feeling the pinch from capital controls
Economylosses in excess of 40 percent. According to market sources, the drop in corporate turnover has... found 18 percent of companies indicated a drop in revenue in excess of 50 percent, while 51 percent said... are requesting cash advances for the whole amount, even from large, competitive firms with a strong
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Major fall of 31.6 pct for building activity in July
EconomyMacroeconomyand volume strongly rebounded by 58.2 and 275 percent respectively in July, following a drop in June..., the run rate over the trailing twelve months shows a drop of 8.2 percent in permits, while surface... building permits comes after a cumulative sharp drop by around 80 percent in the preceding six years
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Wages index edges up 0.4 pct in Q4 of 2015
EconomyMacroeconomyafter a revised drop of 0.5 percent in Q3, according to Hellenic Statistical Authority (ELSTAT... revised strong rebound of 5.6 percent QoQ in Q3. The latter indicated the biggest QoQ increase since... has dropped by 26.5 percent. For the private sector, the notable drop over this 5-year period
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Newsletter 71 - 22/04/2016
be in line with the government figure for this year and gradually drop to the IMF proposal by 2018... will be affected, suggesting that the congress, which runs from Friday to Sunday, will be a strong test... a double-digit decline in the last nine months. February’s nosedive came following a drop of 15.4
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