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PMI improves in May but points to further deterioration in manufacturing
EconomyMacroeconomymonth but the rate of contraction was moderate and slower than that of April. The largest drop... showed that the drop in May’s incoming new work was largely attributed to uncertainty and adverse... progress on outstanding orders with a marked drop in the extent of backlog. Employment fell
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomydrop by 6.5 percent. In particular for May, revenues fell significantly by 23.7 percent broadly similar to the 20.2 percent drop posted in the budget figure. According to the MoF, the drop.... The respective drop in budget expenditure was less than half (-3.4 percent). Interest payments grew
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Newsletter 34 - 10/07/2015
a sharp drop of 70 percent. Figures from the Hellenic Confederation of Commerce and Entrepreneurship... in the same period last year. This translates into a net drop in retail sales by 305 million over... recorded a drop of 20 percent, which could be eliminated if an agreement with the eurozone
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Industrial production down by 4 pct in May after three successive rises
EconomyMacroeconomya drop in May with the biggest in mining and quarrying production (-15 percent) followed by electricity... by sector displayed a sharp drop in motor vehicles and trailers (-36.5 percent), mining of coal... the seasonally adjusted IPI contracted 4.9 percent month on month (MoM) in May after a 2 percent MoM drop
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Newsletter 37 - 31/07/2015
sources, the drop in corporate turnover has ranged from 30 to 80 percent across the various business sectors. A recent survey by Endeavor Greece found 18 percent of companies indicated a drop in revenue... the start of approved co-financed projects, threatening the permanent loss of sources and a drop
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop.... The highest MoM drop was posted by food, beverages and tobacco (-9.5 percent), books, stationery... a double digit drop since 2009. The latest retail business indicators published by the European
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Newsletter 38 - 07/08/2015
and businesses, with recent surveys pointing to an average drop of around 50 percent in company turnover... reading since June 2012. This was the second consecutive monthly decline and it was matched by a drop..., new orders, employment and stocks all saw a deterioration. The drop in output was attributed
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Greek deflation decelerates to 1.5 pct due to VAT rate hikes
EconomyMacroeconomyby 1.2 percent. Since then, the CPI decrease ranged between 2.1 to 2.8 percent. The slower drop... a drop by 0.4 percent from 1.3 percent in July. The August figure indicates the lowest reading over... groups. The biggest drop was recorded in housing (-7.3 percent) followed by clothing and footwear
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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomyby 959 million and lower services’ surplus by 243 million. The considerable drop in the goods’ deficit to 10.21 billion reflects a double-digit drop in imports (-12.3 percent) to 25.05 billion, while... a drop in transportation receipts. In contrast, travel receipts rose by 6.2 percent to 6.99 billion
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyreflects a drop in revenues by 10.1 percent to 21.72 billion euros, outweighing a cut in expenditure.... 2) Considerable drop in repos by 7.1 billion more than offsetting the marked rise by 6.4 billion... redemptions of 6.7 billion, increase in repos by 1.2 billion and a net drop of 2.4 billion in EFSF/ESM/IMF
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