Macroeconomy
Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
Greece’s budget primary surplus reached 3.71 billion euros in the 7-month period of 2015 showing an improvement by around 1.83 billion month on month (MoM), according to the final budget bulletin published by the Finance Ministry (MoF) on Wednesday.
Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
The seasonally adjusted Wages Index grew for the third successive quarter in Q1 but it was only a marginal rise of 0.3 percent year on year (YoY) from a 2.2 percent increase in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
July rise of 388 mln in unpaid taxes is lowest for two years
Greece’s new unpaid taxes rose by 388 million euros in July from 656 million in June indicating a decelerating trend for the second straight month,according to data released by the General Secretariat of Information Systems (GSIS).
Current account in surplus for 2nd straight month in June but down 20 pct on 2014
Greece's current account (C/A) balance displayed a surplus for the second successive month, yet it narrowed by 20 percent year on year (YoY) at 1 billion in June from 1.25 billion a year ago, according to the Bank of Greece (BoG).
Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009
Greece’s Turnover Index in Industry fell at an accelerating pace in June, when it declined by 13.4 percent from 4.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Cash primary surplus for Jan-Jul close to 3 bln on improved revenues
Greece’s central government primary cash surplus improved by 23.3 percent to 2.99 billion euros in the 7-month period of 2015 from 2.42 billion last year, according to the Bank of Greece (BoG).
Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
Greece’s budget primary surplus significantly widened to 3.53 billion euros in the 7-month period of 2015 from 1.88 billion in the first half, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
Greek government commits to new fiscal measures for third bailout
Apart from measures to safeguard financial stability, the draft bill for the third bailout tabled in Parliament on Wednesday included also the measures for restoring fiscal health.
Building activity up again in May but with smaller rise of 1.9 pct
Greek building permits grew for the fourth successive month in May, albeit by a modest 1.9 percent from 6.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
ELA funding down by 1.48 bln in July for first monthly drop since May 2014
Greek banks’ Eurosystem funding fell by 1.29 billion euros in July after rising by 10.17 billion in June, according to the Bank of Greece's (BoG) monthly financial statement published on Monday.