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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomyincome, with latest data showing a 9.3 percent drop in the second quarter of the year, is seen... and drop in unemployment arrive. It is worth noting that despite deposit outflows, Greek banks... since the end of December and 65 billion since its peak in June 2012. The ongoing sharp drop mainly
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Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
EconomyMacroeconomy. Monthly movement reflects an increase in ELA funding by 1.46 billion euros to 9.42 billion and a drop... straight month recording a drop in central bank funding, with the aggregate amount showing... (or 65.51 billion) since its peak in June 2012. The ongoing sharp drop is mainly attributed to higher
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Big drops of 9.3 and 17.5 pct for turnover and new orders in October
Economy. It is also noteworthy that on a twelve-month trailing basis both indices are recording a drop of 4.2 and 6.7...-digit drop (down 23.6 percent and 12.8 percent respectively). A similar pattern was broadly evident... positive trend of the preceding three months. October’s performance reflects a substantial drop
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomydisposable income, with latest data showing a 9.3 percent drop in the second quarter of 2013... growth and drop in unemployment arrive. It is worth noting that despite deposit outflows, Greek banks... sharp drop mainly reflects higher interbank lending and lower funding needs on continued deleveraging
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Indices for turnover, new orders in industry post big falls in November
Economysignals for the Greek economy when coupled with the high single-digit drop in new orders The decline... respectively), while consumer non-durables showed a modest drop (down 2.8 percent). A broadly similar pattern was also evident in the New Orders, where domestic market posted a double-digit drop (down 14.6
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Another dive for compensation in Q3 drags disposable income, consumption down
EconomyMacroeconomy(ELSTAT). The latest data indicates a slightly decelerating decline compared to the second quarter drop... in a cumulative drop of 35.2 percent in compensation. This corresponds to circa 7.5 billion wiped out from... years’ tax obligations, the third quarter figure related to tax on income and wealth shows a 4.1 drop
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Industrial turnover and new orders indices post big drops for December
EconomyMacroeconomyproviding recessionary signals for the Greek economy when coupled with the high single-digit drop... in the manufacturing sector. The mining and quarrying sector showed a modest drop of 1.2 percent, yet... posted a double-digit drop (down 11.5 percent), while the 5.6 percent decline in the non-domestic
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Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative
EconomyMacroeconomyto exports decreasing at a higher rate than imports. The high single-digit drop in December reflects... depicting a 2.1 percent drop. The import movement for the full year exhibited a broadly similar... of 5.9 billion on the overall balance. The substantial improvement is owed to a drop in the trade deficit
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Industrial production up 1.1 pct in Jan, first consecutive rise since Aug 2007
EconomyMacroeconomythe 3.3 percent drop posted in 2012. The moderate growth in January stems from a rise of 2 percent... production counterbalancing a drop in water supply production by 2.8 percent. The main industrial groups... percent) recorded the highest drop.
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomylevel since February 2010. The significant drop in March primarily reflects a decline of the Emergency... drop in March, the aggregate amount of Eurosystem funding shows a reduction of 50 percent (60.5... of 2013 with a positive impact on banks’ NII in the last three quarters of 2013. The sharp drop of ELA
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