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Newsletter 2 - 07/11/2014
that “there is a strong support for a precautionary credit line in a form of ECCL”, while stressing... decreased in October with production posting a drop for the third time in the last four months. Exports... in September but the drop accelerated to 8.7 percent. September’s performance is the seventh
6% -
Greek retail sales back on upward course in October after brief dip
EconomyMacroeconomyAfter a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index... mixed trends with retail sale not in stores posting strong growth rate (+22.1 percent), while.... On the flipside, department stores registered a double digit drop (10.7 percent), followed by food
6% -
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
6% -
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
6% -
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
6% -
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
6% -
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
6% -
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
6% -
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
6% -
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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