Macroeconomy
OECD sees economy picking up from second half of 2016, underlines need for reforms
In its latest economic outlook published on Wednesday, the OECD says it expects the Greek economy to recover in the second half of 2016.
PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
Greece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday.
Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
Greek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
Marginal deposit flow in April for second straight month
Greek private sector deposit flow remained minimal for the second straight month with the system recording outflows of just 40 million in April from inflows of 55 million in March, Bank of Greece (BoG) data showed on Tuesday.
Retail sales fall by 4.3 pct in March for tenth straight decline
The turnover of Greece’s retail trade index dropped at a slower pace of 4.3 percent in March from an upward revised 7.6 percent in February, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday.
Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
Greece’s economic sentiment (ESI) fell by 0.6 points in May after increasing in the preceding two months, European Commission (EC) data showed on Monday.
Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
Greece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.
Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct
Greece's travel receipts rebounded 8.2 percent to 220.6 million euros in March after dropping in the preceding two months, Bank of Greece (BoG) figures showed on Monday.
Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
The multi-bill tabled in Parliament on Wednesday evening included a set of parametric fiscal measures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions that Greece has to make by 2018 as part of the first programme review.
Primary cash surplus improves to 2.93 bln at end of April
Greece’s central government primary cash balance significantly widened to 2.93 billion eurso in the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank of Greece (BoG) figures