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Trade deficit soars 36.2 pct in March, largely due to oil products
EconomyMacroeconomyGreece’s trade deficit continued increased by 36.2 percent in March, more than double the growth rate of 17.7 percent recorded in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
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Retail sales climb 10.9 pct in Feb on strong rebound in almost all sectors
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose for the second straight month at a rate of 10.9 percent in February, after increasing by 1.4 percent in January, Hellenic Statistical Agency (ELSTAT) data showed on Friday.
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Disposable income rises slightly in Q4 for first time since Q3 2014
EconomyMacroeconomyGreek household disposable income edged up 0.1 percent in the fourth quarter (Q4) of 2016 after falling by 1.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
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These were the key drivers behind Greece's strong fiscal performance in 2016
EconomyMacroeconomyThe publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.
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Tsipras looks to build political capital from 2016 overperformance
PoliticsGreek PoliticsELSTAT’s confirmation on Friday that the 2016 primary surplus was well in excess of the agreed target appears to have given the government a boost for the time being.
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Primary surplus up to 3.9 pct of GDP in 2016, far above target
EconomyMacroeconomyGreece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.
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Industrial turnover continues on upward curve with 20.9 pct rise in Feb
EconomyMacroeconomyGreece’s Turnover Index in Industry continued rising at a double-digit pace of 20.9 percent in February, although this was slower than the growth rate of 26.7 percent recorded in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
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Building activity increases for second straight month after 11.1 pct rise in Jan
EconomyMacroeconomyGreek building permits increased for the second straight month in January but at the faster pace of 11.1 percent after a rise of 2.1 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
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Car sales increase by 43.5 pct in March and 35.6 pct in Q1
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) continued heading north soaring by 43.5 percent in March after a broadly similar rise of 43.1 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
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Industrial production rises at record high rate of 10.8 pct in Feb
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) increased at a faster pace of 10.8 percent in February after a downward revised rise of 7.1 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.