Macroeconomy
Building activity falls by 11.5 pct in March for third straight decline
Greek building permits decreased by 11.5 percent in March at a slightly slower pace compared to the drop of 12.2 percent recorded in February, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Unemployment rate eases to 24.1 pct in March, lowest in four years
Greece’s seasonally adjusted (SA) unemployment rate edged down further to 24.1 percent in March from 24.2 percent in February, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
CPI falls at decelerating pace of 0.9 pct in May
Τhe Greek Consumer Price Index (CPI) fell at a slower pace of 0.9 percent in May from a drop of 1.3 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Industrial production rebounds 2.8 pct in April
Greece’s Industrial Production Index (IPI) rebounded by 2.8 percent in April after dropping in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Car sales surge for second straight month, rising by 33 pct in May
The number of road motor vehicles (going into circulation for the first time) soared 33 percent in May following a strong rise of 24.5 percent in April, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday.
Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
The Turnover Index in Accommodation and Food Services fell for the second straight quarter by 11.7 percent in Q1 of 2016 after an upward revised 9.1 percent drop in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Trade deficit soars 21 pct in April for highest rise since Dec 2014
Greece’s trade deficit sharply rose by 21 percent in April after a 23.7 percent drop in March, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln
Greece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros in the 4-month period of 2016 from 581 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
Corporate lending rates resume upward trend in April, time deposit rate stable
Greek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday.
Government hopes offer of tax breaks and grants will spark growth boost
The Economy Ministry tabled in Parliament on Thursday evening the long-awaited Economic Development Law that the government hopes will boost productivity and growth.