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Mortgage loans a key piece of NPL reduction puzzle
EconomyBanking1.1 percent versus a fall of 24.6 percent in the consumer loans portfolio and 15.7 percent... figures have to fall to 25.3 billion and 17.6 billion, respectively. As the BoG report outlined... to fall to 35 billion euros by the end of 2021. Auctions are expected to generate 35 percent
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July current account shows surplus of 1.58 bln as tourism drives services surplus
EconomyMacroeconomya fall of 8 percent YoY to 166.3 million. On an aggregate basis, the C/A deficit worsened by 524 million... a net decrease in residents’ external assets which stems largely from a fall of 128 million euros... to a 1.2 billion-euro fall in non-residents' holdings of Greek government bonds and T-bills. During
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Disposable income grows by 3.3 pct in Q2
EconomyMacroeconomylanded at 30.8 billion euros and largely reflects a fall of 3.8 percent in taxes on income and wealth, along with a smaller fall in social contributions and other current transfers. Since 2011... and benefits fell by 1.7 percent and reached 13.41 billion, with the fall across the last seven years
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Retail turnover falls by 2.3 pct in Jan
EconomyMacroeconomyGreece’s retail sales index declined by 2.3 percent in January after a downward revised fall of 0.2... increases in turnover were seen in clothing and footwear with a fall of 12.8 percent. This was followed...). The volume decreases on an annual basis was led by a 12.8 percent fall in clothing and footwear, along
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomybillion euros to stand at 1.30 billion euros. Overall, the state budget primary balance showed a fall... underlying subcategories. The biggest fall came from tax refunds which fell by 8 million euros... rose by 873 million euros, compared to a fall of 1.38 billion euros seen in the previous month. EFSF
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Feb current account deficit at 990.4 mln as services balance improves
EconomyMacroeconomy’ net external assets showed a fall of 26 million euros. The most notable transaction reported... by a fall of 548 million in the holdings of foreign bonds and T-bills. A net increase in external... displayed a net decrease in residents' external assets, due mostly to a fall of residents’ holdings
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Unemployment drops to 18.1 pct in March
EconomyMacroeconomytime last year, the unemployment rate came to 20.2 percent. Unemployment has continued to slowly fall... the peak of 1.35 million unemployed in September 2013, unemployment has shown a fall of around 36.9.... The unemployment rate for men stood at 14.4 percent, which marks a fall of 2 pps year-on-year. Broken down
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Newsletter 210 -07/06/2019
with a QoQ fall of around 19,700 in those employed, bringing the total to 3.81 million. The unemployment... in May Month-on-month, the index showed a fall of 1.1 percent May’s reading has kept the index positive... Compared to Q4 2018, the index showed a fall of 1 percent Greece’s seasonally adjusted (SA) Wages
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CPI falls by 0.3 pct in June after 13 months of rises
EconomyMacroeconomyof 0.6 percent. The overall CPI fall on an annual basis was driven by a 1.8 percent drop in the price of household equipment, mainly led by a fall in the price of furniture, household appliances and textiles. This was followed by a 1.6 percent drop in recreation and culture, a 1.1 percent fall in food
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CPI drops by 0.2 pct in August
EconomyMacroeconomypercent year-on-year in August. Month-on-month, the HICP showed a fall of 0.6 percent. The overall CPI fall on an annual basis was driven by a decrease of 1.9 percent in the price of food and non... fall in household equipment, plus a 1.7 percent decline in miscellaneous goods and services. Smaller
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