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Contraction in Greek credit eases slightly to 3 percent in November
EconomyMacroeconomyThe rate of drop in Greek bank credit decelerated for the second straight month in November... figures were the lowest negative reading since November 2011. Balances eased for the fifth consecutive... for the fourth successive month to 171 million in November from 237 million in October
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New overdue taxes rise by 857 mln in November, total legacy and new debt at 105.5 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 857 million in November, declining from.... New unpaid obligations from tax categories showed a rise of 801 million month-on-month in November... came to 88 percent in November from 89.1 percent in October. The amount of corporate income tax due
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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomydeclined by 1.46 billion to 18.74 billion in February, reaching its lowest level since November 2012... billion above their November 2014 level, when they started increasing at a sharp pace amid political
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Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall
EconomyMacroeconomy. This turnaround is attributed to November’s fiscal performance, combined with the monthly target calling... as they dropped by 6.6 percent in November from 17.9 percent in October. November’s figure fell short... higher than November’s last year), all indications point to a revenue underperformance for the whole
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Current account posts deficit of 1.39 bln in November
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.39 billion euros in November, from...). According to the BoG, November’s performance is primarily attributable to a decrease in the non-oil... balance dropped YoY by 113.6 million, reaching 539 million euros in November. The travel balance showed
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomyby 7.5 percent, meaning that the initial figures for 2018 have beaten this estimate. Imports of goods... to the corresponding quarter last year, private consumption increased by 1.1 percent in Q4 and matched the YoY rise of 1.1 percent noted in Q3. General government consumption rose by 1.5 percent QoQ and declined
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Sales season pushes November retail volume to growth for the first time since March 2010
EconomyRetail sales turnover stayed flat year on year (yoy) in November following a 2.1 percent drop... percent yoy increase in November, the first positive reading since March 2010. Both sales and volumes... percent). In contrast, clothing and footwear strongly rebounded in November recording a 15.2 percent
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Economic sentiment and consumer confidence deteriorate in November
EconomyMacroeconomyEconomic sentiment (ESI) in Greece fell by 1.4 points in November after improving by 2.4 points in October, European Commission (EC) figures displayed on Tuesday. The ESI eased to 92.4 in November... points in November after rising in the previous two months. The absolute figure landed at -66.9
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Newsletter 107 - 17/02/2017
be beaten, the coalition can implement measures aimed at lightening the burden for taxpayers. The kind..., compared to a previous estimate for a mild recession of 0.3 percent in early November, and a strong... down again in November Month sees second highest reading in 2016 Aggregate figures for the period up
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingand Piraeus in late November 2015, which corresponded to one quarter of the total state aid of 5.43
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