Macropolis

Unemployment hit new high of 27.8 pct in October, set to rise further

09/01/2014 - 13:15

Greece officially assumed the presidency of the European Union on Wednesday, with the highest unemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September.

Drop in industrial production accelerated in November with 6.1 pct decline

09/01/2014 - 12:04

The drop in the Industrial Production Index (IPI) accelerated in November to 6.1 percent following a downwards revised 4.7 percent decline in October, according to the Hellenic Statistical Authority (ELSTAT).

Deposits edged up in Nov but credit contraction was close to 4 pct

03/01/2014 - 13:42

Greek private sector deposits increased by 0.4 percent month on month (mom) in November, for the first time since May, with balances reaching 161.04 billion euros, according to the Bank of Greece (BoG). Net inflows stood at 394 million in November from outflows of 630 million in October.

Manufacturing PMI reached four-year high of 49.6 pts in December

02/01/2014 - 12:40

Greek Manufacturing PMI advanced for second straight month in December, reaching its highest level in more than four years as it reached 49.6 points from 49.2 in November, according to Markit.

October C/A deficit drops to 351 mln, down 39.1 pct over year

20/12/2013 - 12:46

Greece's October current account (C/A) balance showed Greece’s deficit shrinking to 351 million euros from 577 million last year, according to the Bank of Greece (BoG).

Q3 unemployment in Greece still at 27 pct despite strong tourism season

19/12/2013 - 13:56

The non-seasonally-adjusted unemployment rate eased for the second straight quarter in Q3, falling to 27 percent from 27.1 percent in Q2 and 27.4 percent in Q1, according to data released by the Hellenic Statistical Authority (ELSTAT).

Bank of Greece sees 0.5pct growth in 2014 but warns of political risks

17/12/2013 - 16:31

Greece is expected to post a general government primary surplus as well as a current account surplus of 1 percent of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report on Monetary Policy published on Tuesday.

Cash deficit to November rises to 9.9 bln as Greece pays off arrears

16/12/2013 - 16:42

The central government net balance to November on a cash basis showed the deficit widening by 30 percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG).

Banks' reliance on Eurosystem funding eases for seventh straight month in Nov

13/12/2013 - 10:36

Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally eased by 0.33 billion euros in November, according to the BoG’s monthly financial statement.

Unemployment rate inched up again in Sept to 27.4 pct

11/12/2013 - 13:04

The seasonally adjusted unemployment rate in September rose marginally to 27.4 percent, from 27.3 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT). The September rate is now just under the historic high of 27.5 percent in May this year.