Solid conditions in manufacturing continue with PMI at 53.2 in April
Greece’s Manufacturing PMI saw a solid rise in April, when it reached 53.2 points from 55 points in the previous month, according to S&P Global data released on Friday.
European Union
Government and opposition poised for new confrontation over Tempe probe
The government and the opposition are preparing to cross swords again over the Tempe issue after the judicial investigation into Greece’s worst rail disaster reached the point where ministerial responsibility has to be examined.
Producer prices pick up pace by 2.1 pct YoY in Mar
Greece’s Producer Price Index (PPI) accelerated further in March, with a rise of 2.1 percent year-on-year (YoY), after an increase of 0.6 percent in February, ELSTAT data showed on Wednesday.
Retail sales growth accelerates to 5.2 pct YoY in Feb
Greece’s retail sales picked up pace with growth of 5.2 percent year-on-year (YoY) in February, after a rise of 3.1 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Unemployment rate edges up marginally to 9 pct in Mar
Greece’s seasonally adjusted (SA) unemployment rate edged up slightly to 9 percent in March, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
New Democracy sees glimmer of hope in polls following support measures
The first polls published after the announcement of a new support package for pensioners and renters suggest that the initiatives were enough to arrest New Democracy’s slide, while indicating that the pressure is on the government for further voter-friendly measures.
Corporations lead deposit growth in Mar as total nears 200 bln
The contraction in the Greek banking system’s private sector deposits reversed in March, with a net increase of 2.41 billion euros, after a 1.7-billion-euro decline in February, according to the latest Bank of Greece (BoG) figures released on Tuesday.
Credit growth stays strong at 10.3 pct YoY in Mar due to corporate lending
The credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released on Tuesday showed.
Economic sentiment stable in April, consumer confidence drops by another 3 pts
Greece’s economic sentiment (ESI) was broadly stable in April at 107.4 points, from 107.7 in the previous month, according to European Commission figures released on Tuesday.
Primary surplus reaches 4.5 bln in March due to property tax collection, significant underspend
The budget primary balance was confirmed at a surplus of 4.5 billion euros by March, compared to a surplus of 2.99 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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