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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingwith a drop in loan provision by 17 percent to 705 million. The quarterly figures show PPI down 11.... The yearly drop mainly stems from a double-digit decrease in personnel expenses (down 16 percent), while... to 23.2 percent in Q2 from 23 percent in Q1 and 22.5 percent in Q4. This reflects a drop in NPL formation
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Apartment prices fall at slower rate of 7 pct in Q3
EconomyMacroeconomynegative reading since Q2 2011. BoG data also showed that the drop in appraisals significantly... in 2013. Appraisals also relate to the evolution of building activity, which posted a cumulative drop... base combined with the substantial rise in the property tax per capita have inevitably led
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Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
Economya drop in revenues by 17.7 percent and seasonally high primary (+1.5 billion MoM) as well as Public... higher drop (-3.7 percent) to 46.62 billion, 3.53 billion short of target. Although increasing MoM... reasons led the PIB deficit to 1.49 billion in December and to 1.89 billion for the whole year
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Greek Manufacturing PMI down to 48.3 pts in January, reaches 15-month low
EconomyMacroeconomynew orders led also purchases of raw materials and semi-finished goods at lower levels. Furthermore..., manufacturers’ selling prices recorded a substantial drop similar to that evident in December. Moreover, the average input prices fell for the first time in the last four months, indicating the most marked drop
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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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Current account deficit widens to 404 mln in March
EconomyMacroeconomya sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services... led to a decline in the net oil import bill, while net payments for ship purchases also dropped... assets, largely due to a drop in residents’ holdings of foreign bonds and T-Bills by 11.4 billion
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Downturn in retail trade eases to 0.4 pct in March
EconomyMacroeconomypercent. The breakdown by sector of retail turnover showed a MoM drop in clothing and footwear (-10.3... than 24 percent on a nosedive of disposable income by one-third led by a sharp increase... years, the highest drop was recorded in furniture and electoral and household equipment (-45.5 percent
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomywith the drop in payments led the April travel surplus to 311.9 million, up 40.5 percent from last year’s... France, which was the outperformer in the first quarter, showed a drop by 2 percent in April arrivals... in the other Greek airports rose by a modest 1.6 percent in May following a 3 percent drop in April
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomy, as well as in consumer and investment. A sharp and accelerated drop was posted in new orders led... a sharp decline in new orders at an accelerating pace leading to a drop in production at the fastest... that although sold, the rate of drop in output prices was the slowest over the past nine months. Markit
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyStatistical Agency (ELSTAT). The April headline figure is the highest drop since December 2014..., which eliminate the impact of monthly seasonal effects, showed a drop in retail trade by 3 percent... reflecting a nosedive of disposable income by one-third stemming from led by a marked rise
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