Macroeconomy
Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
The number of road motor vehicles going into circulation for the first time fell by 23.9 percent in July after rising by 21.7 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production down by 4.5 pct in June for third monthly drop this year
The Greek Industrial Production Index (IPI) fell for the second straight month in June, when it was down by 4.5 percent from 4.3 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Trade deficit shrinks by 14.1 pct in June as fall in imports outpaces export decline
Greece’s trade deficit fell for the second successive month in June, when it declined by 14.1 percent from 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
The rate of drop in the Greek consumer price index (CPI) remained at 2.2 percent for the second straight month in July, according to the Hellenic Statistical Authority (ELSTAT).
General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
The general government (gg) primary cash surplus contracted by more than 1.6 billion euros to 238 million in the first half of 2015 from 1.85 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
Unemployment rate fell to 25 pct in May, its lowest level in the last three years
Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month in May, when it dropped to 25 percent in May from 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT).
Rate of drop in apartment prices picks up again in Q2
After decelerating in the preceding seven quarters, the drop in Greek apartment prices accelerated to 5.6 percent in the second quarter (Q2) of 2015 from a revised 4.1 percent in Q1, according to the Bank of Greece (BoG).
Manufacturing PMI falls to record low in July, new business sees biggest drop
Greece’s Manufacturing PMI tumbled to 30.2 in July from 46.9 in June recording its lowest ever reading, according to Markit.
Rare rebound for retail trade with 2.5 pct rise in May
The turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT).
Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
Greece’s economic sentiment (ESI) dropped for the fifth successive month at a marked accelerating pace by 9.4 points to 81.3 in July from 90.7 in June, according to the European Commission (EC).