Macroeconomy
Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
Greece’s seasonally adjusted (SA) unemployment rate edged down to 23.4 percent in June following an upwards revised rate of 23.6 percent in May, Hellenic Statistical Authority (ELSTAT) labour force survey displayed on Thursday.
Car sales rise at a slower pace of 14.1 pct in Aug
The number of road motor vehicles (going into circulation for the first time) increased by 14.1 percent in August, decelerating from the exceptionally high 42.9 percent growth rate in July, which also reflected a low base effect, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Trade deficit expands by record 88.9 pct in July
Greece’s trade deficit soared 88.9 percent in July following a 3.1 percent decline in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
PMI picks up to 50.4 in August, new orders grow for first time in two years
Greece’s Manufacturing PMI resumed above the 50-point mark edging up to 50.4 in August after falling to 48.7 in July, Markit survey showed on Thursday.
Retail sales drop for thirteenth straight month by 5.2 pct in June
The turnover of Greece’s retail trade index continued heading south unabated, albeit at a slower pace of 5.2 percent in June from a revised drop of 7.9 percent in May, Hellenic Statistical Agency (ELSTAT) figures showed on Wednesday.
Economic sentiment rises to 92.5 pts in Aug, consumer confidence edges down for second straight month
Greece’s economic sentiment (ESI) increased for the second straight month in August, when it increased by 1.6 points, following a rise by 1.2 points in July, the European Commission (EC) figures showed on Thursday.
Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
Credit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday.
Deposit flow turns negative, outflows of 153 mln in July
Deposit outflows of 153 million were recorded in the Greek banking market after inflows of 1.07 billion in the previous month, Bank of Greece (BoG) figures displayed on Friday.
Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July
Greece’s budget primary surplus fell by 4.4 percent to 3.55 billion in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) final budget execution bulletin displayed on Friday. Preliminary figures were released on August 16.
Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010
Apartment prices in Greece continued heading south, but at a decelerating pace, for the third successive quarter in Q2 of 2016, when they dropped by 2.7 percent from a revised 4.7 percent decline in Q1, Bank of Greece (BoG) data displayed on Thursday.