Search
-
PMI drops to 46.8 points in July amid Covid-19 uncertainty
EconomyMacroeconomyGreece’s manufacturing PMI decreased to 48.6 points in July from 49.4 points in June, according... after April’s historic low, though the deterioration was muted. The faster overall decline largely... from June’s four-month high, but sentiment remained positive overall. The main factor affecting
1% -
NBG results show net profits of 465 mln euros on strong income
EconomyBankingYoY to 383 million in H1 20. Lower personnel expenses were driven by the bank’s voluntary exit scheme... billion in Q2 as the bank took advantage of the ECB’s TLTRO facilities. Liquidity coverage ratio and net...’s efficiency,” he concluded.
1% -
Industrial production down by 4.9 pct YoY in May but picks up from previous month
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June...’s latest business survey for July, the industry confidence rose by 4.8 points, after a drop by 2.7..., recovering from the lowest it has been since October 2015. In addition, Markit’s PMI for July
1% -
Greece expects evidence of Turkish willingness to talk as Maas visits Athens, Ankara
PoliticsForeign Policy, an area that is disputed by Turkey. Ankara’s decision last Sunday to extend for four more days, until... the Greek continental shelf has made Maas’s mission even more difficult. In response to the move by Ankara... diplomats. Athens expects For the Greek side, the extension of Turkey’s NAVTEX is proof that Ankara
1% -
Industrial production drops by 0.2 percent in July
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 0.2 percent year-on-year (YoY) in July... an increase of 7.6 percent in June. August’s reading is the highest MoM reading in the year so far... has fallen by 16.1 points. In addition, Markit’s PMI for August increased to 49.4 points from 48.6
1% -
Moria fire propels migration issue back to top of political agenda
PoliticsGreek Politics. This feeds into the government’s other challenge, which is that since it has come to power it’s use... over which there is the highest level of dissatisfaction as far as the government’s handling
1% -
Industrial turnover drops by 16.2 pct in July as manufacturing slows
EconomyMacroeconomyGreece’s industrial turnover fell by 16.2 percent year-on-year (YoY) in July compared to a drop... the highest weighting in the index. In other indicators, August’s PMI index rose to 49.4 points... Commission’s economic sentiment figures for August, industry confidence fell by 2.2 points month-on-month
1% -
Current account shows deficit of 874.5 mln in July as travel receipts disappoint
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 874.5 million euros in July compared... worsened by 2.22 billion euros year-on-year (YoY). According to the BoG, July’s performance stems from... account’s surplus came to 455.2 million compared to a deficit of 84 million a year ago. In the aggregate
1% -
Covid-19 poses health and education challenges, damaging ND popularity
PoliticsGreek Politics. On Tuesday night, SYRIZA’s political council issued a statement accusing New Democracy of being..., 61 people tested positive. SYRIZA’s political council again accused the government of failing to take... of the government’s least popular ministers. Only 30 pct of respondents said they liked her, while 63 said
1% -
Industrial production drops by 3.8 pct in August
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 3.8 percent year-on-year (YoY) in August.... In addition, Markit’s PMI for September increased to 50 points from 49.4 points in the previous... to September’s figure was the stabilisation of production during the month. Employment increased
1%