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Greek C/A deficit to July narrowed to just 156 mln with boost from tourism
EconomyMacroeconomy) on higher travel spending by non-residents. The strong monthly performance led the C/A deficit to July... is attributed to a drop in the trade deficit by 23.6 percent to 9.8 billion, mainly due to a decline... tourism season led travel spending by non-residents up 12.3 percent yoy at 2.36 billion in July
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C/A surplus for fifth straight month in Sept, up to 2.55 billion euros for year
EconomyMacroeconomy. The strong monthly performance led year-to-date C/A surplus year to widen at 2.55 billion at the end...-month period of this year is attributed to: a) a drop in the trade deficit by 17.6 percent to 12.89... of 1.5 billion. The already evident strong tourism season led travel spending by non-residents up
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Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
Economyareas, led SETE to also upgrade its projections for total tourist arrivals in Greece to 23 million... period. The deviation is attributed to a drop in the travel spending per tip by 8.6 percent to 617..., mainly led by strong tourism.
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Small rise for Greek manufacturing PMI in November
EconomyMacroeconomyin November mainly due to declining new export orders. The lack of incoming new work led backlogs...-production inventories. Weakening demand for materials and semi-manufactured goods led to a decrease... difficult month for Greek manufacturers.” “Perhaps the most concerning development was the drop
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Newsletter 20 - 20/03/2015
, Eurogroup head Jeroen Dijsselbloem and European Council President Donald Tusk on Thursday led... a quarter-on-quarter (QoQ) improvement in net interest income (NII), mainly driven by a further drop... by Merkel to Athens would constitute a logistical and diplomatic nightmare for the SYRIZA-led
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyled core income down 5.4 percent QoQ to 372.8 million in Q1. After rising for seasonal reasons in Q4... On the liquidity front, Eurobank posted a sharp drop in deposits by 5.9 billion, which corresponds to a decrease... reflects a similar amount of FX (largely CHF) effect. However, the extended deposit outflows, led the loan
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Newsletter 30 - 12/06/2015
six readings have all been above the 2 percent- mark. There was a 12.1 percent MoM drop in clothing... government, led by Antonis Samaras, had been negotiating with lenders. Here, though, two grave tactical... of poor strategy and false expectations have led Tsipras to the point where even proposals
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingat a higher cost by and b) the depreciation of the Turkish lira, which led Turkish NII down 2.2 percent... easing 0.5 percent QoQ. As expected, Greek deposits posted a high single-digit drop by 9.1 percent... outflows also led to increased dependence on Eurosystem funding by 4 billion euros to 27.6 billion
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PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
EconomyMacroeconomy. This consequently led to increased labour forces with employment growth, albeit modest, recording its highest rate... reduction of backlogs but the rate of drop was the slowest so far this year. However, total new orders... with port strikes led input prices at higher levels. However, output prices remained stable after
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomyamid capital controls and lack of competition. The drop in the time deposit rate coupled with a similar decrease in the overnight rate led the weighted average rate on total new deposits down by 2... by 1 bp to 4.84 percent. The minor changes in the average deposit and lending rates led the average
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