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Travel receipts drop 9.2 pct in Aug, dragging balance down 10.6 pct
EconomyMacroeconomyat an accelerating pace of 9.2 percent from a 3.5 percent fall in July, Bank of Greece (BoG) figures showed.... The 8-month travel surplus retreated 8.8 percent to 8.43 billion euros. The ongoing fall in travel revenues... of non-licensed accommodation. As a result, 2016 travel receipts will likely fall below last year’s
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Newsletter 99 - 09/12/2016
. The breakdown of the November CPI showed the most notable fall was posted in clothing and footwear (-4.1 percent) followed by household equipment (-2.9 percent). The 1 percent fall in the core index...-term debt relief proposals fall well short of what Tsipras was seeking to achieve
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PMI at 50.5 in June, posting first growth in 10 months
EconomyMacroeconomyorders continued to fall slightly in June. The growth in orders led to the first increase in output... and leading to a fall in the rate of unfinished work. Despite this, firms marginally reduced input... growth in June and will raise hopes of a further fall in the country’s substantial unemployment rate
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomy. The travel balance rose by 2.5 percent to 925.9 million euros, reflecting a fall in travel payments..., attributable largely to a fall of 2.4 billion in holdings of foreign bonds and T-Bills. At the same time... net fall in liabilities reflects a decline of 676 million in foreign holdings of Greek government
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Newsletter 131 -15/09/2017
by a fall in Emergency Liquidity Assistance (ELA) funding by 3.70 billion euros, the largest drop since... by a fall in ELA funding by 12.81 billion and in ECB funding by 8.51 billion. Since the conclusion... by a fall in the number of unemployed by 95,500 to 1 million, along with a rise in the number
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Eurosystem funding falls by 3.58 bln in September
EconomyMacroeconomymostly by a fall in Emergency Liquidity Assistance (ELA) funding by 2.37 billion euros. European..., Eurosystem funding dropped by 24.9 billion euros, driven mainly by a fall in ELA funding by 15.18 billion... was agreed, with the majority of this fall (58.28 billion) originating from lower reliance on ELA
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Eurosystem funding falls by 4.38 bln in October as ELA declines
EconomyMacroeconomyreview. A fall in ELA funding for the month had been anticipated, as the ECB has been lowering..., Eurosystem funding has declined by 29.27 billion euros. This is mainly as a result of a fall in ELA funding... the third bailout programme was agreed. The majority of this fall (64.02 billion) comes from a lower
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Current account surplus at 1.21 bln in September on services balance growth
EconomyMacroeconomyby 47 million and 4.3 million, respectively. The BoG notes that the fall in the deficit of goods... decrease in residents’ external assets, attributable for the most part to a fall of 340 million euros... in liabilities was driven by a fall of 2 billion in non-residents holdings of Greek government bonds
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Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
EconomyMacroeconomyto 19.85 billion, along with a fall in European Central Bank (ECB) funding by 1.56 billion to 13.03... as confidence in the conclusion of the programme grew. A fall in ELA funding had been anticipated... of 126.57 billion in June 2015, when the third bailout programme was agreed. The majority of this fall
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Current account deficit at 624.1 mln in October as goods balance worsens
EconomyMacroeconomyfrom a fall of 2.1 billion euros in holdings of foreign bonds and T-bills. A net increase...-Bills. A net decrease in liabilities was driven by a fall of 1.5 billion in non-residents holdings... in October from 6.56 in September, reflecting a fall of 155 million euros from the figure for the same
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