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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomydecelerating from the 3 percent drop posted in the third quarter, according to flash estimates... leading to a 7.3 percent drop in total final consumption expenditure. Another factor negatively affecting... similar trend (low double-digit drop) over the past three quarters. ELSTAT’s latest flash estimates
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomyStatistical Authority (ELSTAT). The drop in the February figures for surface and volume was less.... The highest drop in building activity was recorded in Epirus and the Ionian Islands at 35.6 and 34.5... building activity has remained stable at around 22 percent over the past few years. The sharp drop
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Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter
EconomyMacroeconomyshowing a 63.3 percent drop YoY. The volume and value of appraisals showed a similar move slumping... been heading south since then. It has seen a cumulative drop of 34.7 percent. The decline... posted in Q1 2007. A similar trend with a drop in excess of 90 percent is also evident in the volume
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomythe 2-percent mark since Greece’s accession in the eurozone in 2002. The drop in October led the year... easing by more than 3 percentage points. Despite the sharp drop, the Greek time deposit rate still... in October, with the year to date drop close to 60 bps. On the loan front, the most important movement
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Greek retail trade turnover index declined by 3.7 pct in December
EconomyMacroeconomyvolume fell by 4.6 percent suggesting that the drop in the respective turnover is fully owed to the drop...) and furniture and electrical and household equipment (-5.1 percent) posted a drop above the headline... to the Christmas period. Only automotive fuel recorded a MoM drop in December sales by 4.3 percent, fully
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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomyof Greece (BoG) data displayed on Wednesday. The year on year (YoY) drop reflects a narrowing... percent, with exports recording a double-digit drop of 11.3 percent. The BoG said that the net oil... to 240.9 million euros despite a drop in non-residents’ arrivals by 4 percent. The jump in receipts coupled
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Newsletter 109 - 03/03/2017
. For instance, pensioners may see their incomes drop but, at the same time, the cost of their medicines... deteriorated in February. The biggest drop was posted in the construction confidence indicator (-14.4 points... Retail sales drop in December Headline figure indicates first negative reading since last August
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Newsletter 110 - 10/03/2017
drop in the debt ratio and higher gross financing needs (GFN), the combination of a low primary... down 169 million from the previous month to 326.19 billion. The drop largely reflects a decline... contraction mostly reflects a drop in general government consumption by 2.1 percent and in exports
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Industrial turnover drops by 7.9 pct in November
EconomyMacroeconomya drop of 7.4 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Monday... sharply by 17.3 percent. The drop in the domestic market was driven by mining and quarrying turnover dropping by 12.3 percent while manufacturing fell by 1.8 percent. In the non-domestic market, the drop
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Greek hotel industry reports COVID-19 related losses of half a billion to date
EconomyFeatureshotels had been pressured to drop prices by tour operators, with an average reduction of 30 percent... hotels estimated that their turnover would drop by 51 percent in 2020 based on room rates... hirings with an average drop of 48 percent anticipated. The survey highlighted that the coronavirus
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