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Newsletter 125 -30/06/2017
of 139 million in April, according to Bank of Greece (BoG) figures. This was the second positive
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Credit standards and demand for corporate, household loans stay stable in Q2
EconomyMacroeconomyCredit standards for both corporate and household loans stayed unchanged from the previous quarter in the second quarter (Q2) of 2017, in line with earlier expectations, the Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday. The survey mainly incorporates data of the four systemic
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Travel receipts edge up 1.7 pct in May on higher foreign arrivals
EconomyMacroeconomyGreece's travel receipts edged up by 1.7 percent in May, decelerating from the 11.3 percent growth recorded in April, Bank of Greece (BoG) data revealed on Monday. Receipts stood at 1.09 billion euros in May, while the corresponding payments fell by 2.6 percent to 167.7 million. As a result, travel
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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomyThe deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday. As a result, the outstanding balance climbed to 120.42 billion euros. The headline
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Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
EconomyMacroeconomyGreece's travel receipts rose by 14.2 percent in June, picking up pace from the growth of 1.7 percent noted in May, Bank of Greece (BoG) data revealed on Tuesday. Receipts totalled 2.05 billion euros in June while the corresponding payments fell by 1.4 percent to 132.2 million euros. As a result
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Inflows continue in July as deposits increase by 927 mln
EconomyMacroeconomyThe positive deposit flow in the Greek banking system continued in July, with inflows reaching 927 million from 1.09 billion in June, Bank of Greece (BoG) figures revealed on Monday. The outstanding balance of private sector deposits climbed to 121.24 billion euros. The headline figure
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Credit contraction continues in July with 1.2 pct decline
EconomyMacroeconomyThe pace of credit contraction in the Greek market marginally decelerated in July, reaching 1.2 percent, Bank of Greece (BoG) figures showed on Monday. As a result, the outstanding balance fell further to 189.18 billion euros. Moreover, the net lending flow showed net deductions of 435 million
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Drop in apartment prices continues with slower decline of 1.2 pct in Q2
EconomyMacroeconomyThe nominal value of apartments in Greece fell at a slower pace of 1.2 percent year-on-year (YoY) in the second quarter (Q2) of 2017, following a downwards revised drop of 1.7 percent in Q1 2017, Bank of Greece (BoG) data showed on Thursday. Compared to the previous quarter, apartment prices
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Turnover in tourism sector up 7.3 pct in Q2 for fourth straight rise
EconomyMacroeconomyin 2016, representing the lowest reading in the last four years. Bank of Greece (BoG) figures showed
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Foreign arrivals push travel surplus up by 6.6 pct in July, average expenditure falls
EconomyMacroeconomyGreece’s travel receipts increased by 5.3 percent in July, slowing from the increase of 14.2 percent noted in June, Bank of Greece (BoG) data revealed on Thursday. Receipts came to 2.93 billion euros in July, while payments fell by 9.8 percent to 190.2 million. This pushed the travel surplus
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