Macroeconomy
Trade deficit shrinks by sizable 23.7 pct in March
Greece’s trade deficit fell sharply by 23.7 percent in March after a 14.3 percent rise in February, the Hellenic Statistical Authority (ELSTAT) said on Tuesday.
Industrial production falls at faster pace of 4 pct in March
Greece’s Industrial Production Index (IPI) dropped at a faster pace of 4 percent in March from a revised 2.5 percent drop in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Decline in CPI slows slightly to 1.3 pct in April
Τhe Greek Consumer Price Index (CPI) dropped at the slightly slower rate of 1.3 percent in April from a 1.5 percent decline in March, according to Hellenic Statistical Authority (ELSTAT) data published on Tuesday.
General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln
Greece’s general government (gg) primary cash surplus almost tripled to 3.22 billion euros in the first quarter (Q1) of 2016 from 1.1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
Greek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday.
PMI edges up to 49.7 in Apr, highest reading in last three months but concerns remain
Greece’s Manufacturing PMI rebounded for the second straight month by 0.7 points to 49.7 in April, Markit survey displayed on Wednesday.
Economic sentiment edges up to to 90.3 in April, consumer confidence falls for fourth month
Greece’s economic sentiment (ESI) rose for the second straight month in April, albeit by just 0.2 points to 90.3, according to European Commission (EC) data published on Thursday.
Retail sales down 7.3 pct in Feb for highest drop since July 2015
The turnover of Greece’s retail trade index fell at the notably faster pace of 7.3 percent in February from a revised 3.5 percent drop in January, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday.
Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln
Greek bank credit contraction decelerated to 2.1 percent in March after a short-lived acceleration to 2.3 percent in February, Bank of Greece (BoG) figures showed on Wednesday.
Marginal deposit inflows of 55 mln in March
Greek private sector deposits recorded marginal inflows of 55 million euros in March from outflows of 548 million in February, Bank of Greece (BoG) data displayed on Wednesday.