Macroeconomy
Industrial turnover and new orders indices post big drops for December
The Turnover Index in Industry fell 11.8 percent in December, while the New Orders Index in Industry dropped 7.5 percent, according to the Hellenic Statistical Authority (ELSTAT).
Central gov't cash surplus rises by 53.8 pct to 603 mln in January
Greece’s central government net balance on a cash basis showed the surplus widening by 53.8 percent to 603 million euros in January from 392 million last year, according to the Bank of Greece (BoG).
Greek deflation slows to 1.5 pct in January
The drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years
The seasonally adjusted jobless rate continued heading north, reaching 28 percent in November from a downwards revised 27.7 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT). The November rate now holds the new high.
Building activity up by 36.2 pct in Nov as rebound continues
Greek building activity (as measured by the number of building permits) soared 36.2 percent year-on-year (yoy) in November posting a positive growth for the second straight month, according to the Hellenic Statistical Authority (ELSTAT).
Budget execution shows surplus of 811 mln at start of 2014
Greece’s budget execution showed a primary surplus of 811 million euros in January almost double compared to the 415 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
Supreme Court ruling casts doubt over property tax revenues
A Council of State ruling in January looks to have blown a 500-million-euro hole in the government’s fiscal plans. Now a Supreme Court verdict is threatening to create an even bigger shortfall in Greece’s public finances.
Electricity drives rare rise in Greek industrial production index
The Greek Industrial Production Index (IPI) had a small rebound of 0.5 percent in December following a downwards revised 5.4 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT).
Greece sees Manufacturing PMI move into growth for first time since August 2009
Greece’s Manufacturing PMI improved by 1.6 points for the third consecutive month in January reaching 51.2 points from 49.6 in December, according to Markit.
Deposits up again in December but credit contraction continues apace
Greek private sector deposits increased 1.4 percent month on month (mom) for the second straight month in December with balances reaching 163.25 billion euros, according to the Bank of Greece (BoG).