Macroeconomy
Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
International tourist arrivals at Greece’s main airports surged 23.5 percent to 1.04 million in October, according to the provisional data released by the Association of Greek Tourism Enterprises (SETE).
Car sales still going strong in 2014; up by 33.7 pct in October
Τhe rate of growth in the number of road motor vehicles going into circulation for the first time at dipped to 33.7 percent in October from 44.3 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production falls by 5.1 pct in September for seventh straight drop
The Greek Industrial Production Index (IPI) posted a decline for the seventh successive month in September, dropping by 5.1 percent following an upward revised 5.9 percent decrease in August, according to the Hellenic Statistical Authority (ELSTAT).
Greek deflation shoots up to 1.7 pct in October
The Greek economy showed deeper deflation of 1.7 percent in October from 0.8 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
Slight uptick in October for Greek PMI, which remains in contraction
Although improving by 0.4 points, Greece’s Manufacturing PMI in October remained below the 50-point mark that separates growth from contraction for the fourth time in the last five months, according to Markit.
Greek retail turnover advanced for the third straight month, 4.5 pct in August
The turnover of Greece’s retail trade index grew for the third successive month at an accelerating pace of 4.5 percent in August after a 1.5 percent rise in July, according to the Hellenic Statistical Agency (ELSTAT).
Significant rises for Greek economic sentiment, consumer confidence in October
Greece’s economic sentiment improved in October for the first time since June. It reached 102.2 from 99.3 in September, according to the European Commission (EC).
Greece's Parliament Budget Office sees lack of post-bailout plan
In its latest quarterly report published on Wednesday, Greece’s Parliamentary Budget Office (PBO) set out its concerns about the country’s preparedness for exiting the troika Memorandum of Understanding (MoU).
Greek deposits increase for seventh straight month, reaching 164 bln
Greek private sector deposits increased for the seventh successive month by 0.3 percent month on month (MoM) in September, with balances reaching 164.75 billion euros, according to the Bank of Greece (BoG).
Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
The rate of Greek credit contraction remained at 3.5 percent in September, unchanged from the previous month, according to the Bank of Greece (BoG).