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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyperformance led the net flow for whole year turning positive to 2.24 billion in 2013 from outflows... showing a 8 percent (2.6 billion) drop in the third quarter of 2013. This trend will most likely continue until recession bottoms out, growth is restored and drop in unemployment arrives. Despite
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Greek retail index dropped 4.3 pct in January
EconomyMacroeconomyof the regular sales period on January 15. Heightened tax obligations led to deposit outflows of 2.39... increase. On the downside, the food sector excelled with a 7.6 percent drop followed by non-food... GDP rebound of 0.6 percent this year, the latest official forecasts call for a further drop
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingpercent reduction in operating expenses, a 29 percent drop in impairment losses as well as elimination... funding facility to the Greek farmers (loans are disbursed in Q4 and repaid in Q1), the respective drop... percent. Lower provisions led cost of risk (loan provisions to loans) to 2.6 percent compared
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomyto a 3.2 percent drop in exports and a 3.5 percent increase in imports. BoG notes that the key... is excluded, the trade balance showed an improvement since the drop in imports was higher than... percent largely reflects an improvement in the services balance, mainly led by its optimistic outlook
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economytrend in May increasing by 6.9 percent (from -1.4 percent in April), which led the 5-month figure up... percent to 5.56 billion, in line with the target. Consumption taxes showed a higher drop at -9.5 percent... by the increased tax refunds. Moving on the cost front, the drop in primary expenditure slightly accelerated
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Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
EconomyMacroeconomymonth, which is the highest monthly reading since January 2012. The robust performance in June led.... There was a 6.4 percent drop in the first half of 2013. The 12-month trailing index shows a slower growth at 19... percent in each of the preceding three years. The cumulative drop of car registrations stood at 78
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Greek jobless rate remains stuck at 27.3 pct for third month
Economyunemployment figure stems from a 0.1 percent month on month (MoM) drop in the number of employed... in April, 3,600 lower than March. The cumulative drop over the past five years stands at 23.5 percent... figures, led the participation rate (number of employed and unemployed over their sum including
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Greek PMI falls again in July, dropping to 48.7 points
EconomyMacroeconomygoods. The rate of drop in July new orders was faster than that observed in June, mainly reflecting... demand led to a reduction in staffing numbers for the second straight month, yet at a slower to June rate. Buying levels were also down pointing to the first drop over the past 3 months. Stocks
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Newsletter 13 - 30/01/2015
and investors. Big drop in deposits There was a big drop in private sector deposits in December. They fell... by the SYRIZA-led coalition government following the 25 January elections constitutes a strong political
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Greek stocks and bond yields recover on hopes of deal with eurozone
Economy-lived drop to 86 million on Monday. Note though that the bulk of trading activity (almost 80 percent... led the yields of the Greek government bonds (GGB) to lower levels, recovering a large part of Monday’s rises. The 3-year GGB showed the highest drop as it fell by more than 2.5 percentage points (pp
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