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Energy a main factor in decline of April import prices by 6.3 pct YoY
EconomyMacroeconomyGreece’s import price index continued its contraction in April, with a sharp drop of 6.3 percent year-on-year (YoY), after a 2.5 percent drop in the previous month, according to data released..., the index also decreased by 3.9 percent, from a drop of 0.7 percent in the previous month. The index’s
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Greece's current account in surplus for the fourth consecutive month
EconomyMacroeconomybillion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year... performance led the C/A balance year to date to turn positive recording a surplus of 1.59 billion... is attributed to a drop in the trade deficit by 20.2 percent to 11.41 billion, reflecting
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Greek time deposit rates fall further in August
EconomyMacroeconomydeposit rate led the average rate on new deposits easing by 11 bps to 1.34 percent in August similar... of lower deposit and loan rates led the average spread up for the second straight month, by 5 bps... bps since the end of 2013. In the outstanding (‘old’) deposits and loans, the drop in the respective
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Newsletter 15 - 13/02/2015
forward. It is clear that the SYRIZA-led government will try to secure an agreement that it can plausibly..., unchanged from the previous month. There was, however, a drop in the number of employed by 0.8 points... of employed dropped by 27,700 MoM to 3.54 million. November's figures showed the first drop
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Minor changes in Greek time deposit rates, higher movements in corporate loans
EconomyMacroeconomy). The January rate is a new historic low in the post-euro period, while also shows a drop for the tenth... of this year. The slight contraction in the time deposit rate led the average rate on new deposits down... euros rose by 47 bps to 5.22 percent fully offsetting a drop of 44 bps in December. This rate stands
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingprimarily led by an 8 bps improvement in the Greek NIM. The lower deposit cost mainly stems from... of liquidity, the bank reported a drop in deposits by 1.8 billion euros QoQ to 40.9 billion in Q4.... However, due to the drop in deposits by 4.3 percent QoQ, the loan to deposit (L/D) ration deteriorated
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomy) of 2015 of 48.5 is the lowest since Q3 2013. The movement in March reflects a drop for the third... being deterred by the political uncertainty in Greece. The continued export weakness led...’ sector. Lower production requirement and attempts to destock amid liquidity issues led
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Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
EconomyMacroeconomymonths. Slowing production lines led to a drop in manufacturing buying levels at the most marked pace... marked drop over the last 22 months primarily attributed to sharp and accelerated declines in both... Markit’s analysts. This was mainly led by “weak demand amid uncertainty towards the political
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingled by Greek operations (-21.1 percent), while general expenses posted a much slower drop by 2.8... to 0.94 percent largely stemming from a similar rise in the Greek time deposit spread. Lower NII led.... Deposits contracted by 16 percent QoQ to 36 billion in Q1 implying a drop by 6.9 billion year to date
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyFollowing a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate... the highest in the eurozone as of July. The downward trend in time deposit rate led the weighted average rate... for amounts above 1 million euros soared by 76 bps to 4.70 percent offsetting the cumulative drop
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