MacroPolis

Greek deposits slip in October as credit also contracts by 3.9 pct

28/11/2013 - 15:31

Greek private sector deposits decreased by 0.6 percent month on month (mom) in October, with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative for the fifth consecutive month, with outflows slightly slipping at 630 million in October from 719 million in September.

Trade deficit soared 27.4 pct in Sept, down 13.6 pct for year

25/11/2013 - 13:45

Greece’s trade deficit soared 27.4 percent to 1.63 billion euros in September, while the respective 9-month figure retreated 13.6 percent to 14.47 billion, according to the Hellenic Statistical Authority (ELSTAT).

With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP

21/11/2013 - 15:26

The Finance Ministry tabled on Thursday the 2014 budget to Parliament without the final approval of the troika since discussions between the two sides on next year’s fiscal gap and other matters have not yet been concluded.

C/A surplus for fifth straight month in Sept, up to 2.55 billion euros for year

19/11/2013 - 13:16

The September current account (C/A) balance showed a surplus for the fifth straight month at 964 million euros from 895 million last year, according to Bank of Greece (BoG).

Industrial turnover index falls 8 pct in September, new orders also down

19/11/2013 - 13:10

The Turnover Index in Industry dropped 8 percent in September, while New Orders Index in Industry also fell by 0.9 percent, according to the Hellenic Statistical Authority (ELSTAT).

Apartment prices down 9.2 pct in Q3 as lifting of foreclosure ban mulled

15/11/2013 - 13:08

Apartment prices in the Greek market fell by 9.2 percent in Q3 at a slightly decelerating pace compared to Q2 performance (-11.8 percent), according to the Bank of Greece (BoG).

Cash deficit to October widens to 9.1 billion euros

15/11/2013 - 12:36

The central government net balance to October on a cash basis showed the deficit widening by 34 percent to 9.08 billion euros from 6.78 billion last year, according to the Bank of Greece (BoG).

Unemployment rate remained unchanged at 27.3 pct in August

14/11/2013 - 13:53

The seasonally adjusted unemployment rate in August stayed flat at 27.3 percent, following a downward revision by 0.3 percentage points of the previously announced July rate of 27.6 percent, according to data released by the Hellenic Statistical Authority (ELSTAT).

Greece’s building activity remained in deep red for August

11/11/2013 - 13:06

Greek building activity (measured by the number of building permits) dropped by 10.5 percent in August with the respective surface figure easing 21.1 percent, while volume retreated 31.0 percent, according to the Hellenic Statistical Authority (ELSTAT).

Greece's industrial production shows no signs of reversing the negative trend

08/11/2013 - 14:55

The Industrial Production Index recorded a drop of 1.8 percent in September showing a decelerating trend following a dip exceeding 7 percent in the preceding two months, according to Hellenic Statistical Authority (ELSTAT). September performance led nine-month figure down 3.6 percent compared to a 3.8 percent at the end of August.