Tag Archives: Macro data

All key budget items outperformed targets in November

Posted on December 27, 2012 by Manos Giakoumis

MoF final data (on a modified cash basis) on Greek budget execution (released on December 24) depicted a softer performance in November compared to that of the previous month, yet all key budget items continued to outperform targets. Advertisements

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | 1 Comment

Budget balance continued to outperform targets in November

Posted on December 11, 2012 by Manos Giakoumis

MoF preliminary data (on a modified cash basis) on Greek budget execution (released on December 10) depicted a softer performance in November compared to that of the previous month, yet all core budget items continued to outperform targets.

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

Greek GDP contraction at 6.9% y-o-y in Q3’12

Posted on December 7, 2012 by Manos Giakoumis

Latest Hellenic Statistical Authority (ELSTAT) data show that non-seasonally-adjusted Q3’12 GDP shrank 6.9% y-o-y, 0.3pp better than the initial figure of 7.2% released on November 14. According to ELSTAT, the difference is due to September monthly data for imports and … Continue reading →

Posted in Greek economy | Tagged Greek economy, Macro data | Leave a comment

Further improvement of general government balance in October

Posted on December 5, 2012 by Manos Giakoumis

Latest MoF data show that general government cash deficit narrowed by 53.4% y-o-y to €9,383m in 10M’12 from €20,114m last year, with primary balance recording a surplus of €2,312m from deficit of €4,244m in 10M’11.

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

Key highlights of BoG interim report on Monetary Policy

Posted on December 3, 2012 by Manos Giakoumis

BoG released on December 3 its interim report on Monetary Policy. We summarize below the key highlights: The latest developments in Greece and the EU send out positive signals. Greece is mobilising both at home and abroad to make up … Continue reading →

Posted in Greek banks, Greek economy | Tagged Bank recapitalisation, Greek banks, Greek budget, Greek deposits, Greek economy, Macro data | Leave a comment

Greek banks’ Eurosystem funding slightly eased in October

Posted on November 29, 2012 by Manos Giakoumis

Latest BoG data depict that Greek banks’ Eurosystem funding slightly eased in October with a c€23bn shift from ECB to ELA funding. In particular, ECB funding dropped by €23.7bn or 78.5% m-o-m to €6.5bn in October, while BoG liquidity provided … Continue reading →

Posted in Greek banks, Greek economy | Tagged Greek banks, Greek deposits, Greek economy, Liquidity, Macro data | 7 Comments

Greek credit contraction slightly accelerated in October

Posted on November 28, 2012 by Manos Giakoumis

According to latest BoG data, credit contraction in the Greek market slightly accelerated to 4.8% y-o-y in October from 4.5% in September, with balances reaching €230.7bn corresponding to 117.4% of GDP.

Posted in Greek banks, Greek economy | Tagged Greek banks, Greek credit, Greek economy, Macro data | Leave a comment

Greek budget balance continued to outperform targets in October

Posted on November 20, 2012 by Manos Giakoumis

MoF final data (on a modified cash basis) on Greek budget execution confirmed preliminary figures (released on November 12) depicting a significantly improved performance in October compared to that of September with budget and primary balance recording a surplus for … Continue reading →

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

Greek central government debt remained flat q-o-q at €303.5bn in Q3’12

Posted on November 20, 2012 by Manos Giakoumis

According to the latest debt bulletin released by MoF today, central government debt (excl. debt guaranteed by the central government) stood at €303.51bnat the end of Q3’12 unchanged from the previous quarter’s figure of €303.53bn.

Posted in Greek economy | Tagged Debt, Greek economy, Macro data | Leave a comment

Greek C/A deficit substantially dropped in 9M’12

Posted on November 19, 2012 by Manos Giakoumis

According to latest BoG data, C/A balance showed a surplus in September – for third month in a row – at €775m from deficit of €1,069m last year, reflecting a decrease in trade deficit by €700m or 34.1% to €1,351m, … Continue reading →

Posted in Greek economy | Tagged Greek economy, Macro data | Leave a comment

Greek GDP contracted 7.2% y-o-y in Q3’12

Posted on November 14, 2012 by Manos Giakoumis

According to flash estimates, released by Hellenic Statistical Authority (ELSTAT), recession accelerated in Q3’12 with non-seasonally-adjusted GDP (at constant prices) contracting 7.2% y-o-y in Q3’12 from 6.3% y-o-y in Q2’12.

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

Greek budget revenues rebounded in October; Budget balance continued to surprise on the upside

Posted on November 12, 2012 by Manos Giakoumis

MoF preliminary data (on a modified cash basis) on Greek budget execution (released on November 12) depicted a significantly improved performance in October compared to that of September with monthly budget and primary balance recording a surplus for second time … Continue reading →

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

EC autumn forecasts on Greek economy

Posted on November 7, 2012 by Manos Giakoumis

According to EC autumn forecasts released today, Greek GDP contraction is expected to extend into 2013 to 4.2% from 6.0% in 2012. EC latest estimates are worse than its previous (spring) projections for 2012, when GDP was expected to slip … Continue reading →

Posted in Greek economy | Tagged Greek economy, Macro data | 1 Comment

Slight improvement of Greece’s general government balance in September – Strong performance in 9M’12

Posted on November 2, 2012 by Manos Giakoumis

Latest MoF data show that general government deficit, according to cash data, eased by 48.3% y-o-y to €9,689m in 9M’12 from €18,744m last year, with primary balance recording a surplus of €1,249m from deficit of €4,146m in 9M’11.

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

Key highlights of Greece’s 2013 budget and 2013-16 MTFS

Posted on November 1, 2012 by Manos Giakoumis

MoF unveiled yesterday the 2013 budget and the 2013-16 Medium-Term Fiscal Strategy (MTFS). The key difference of MoF current forecasts compared to those included in the draft budget tabled to parliament on October 1 involves a deeper recession in 2013 … Continue reading →

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data, Privatisations | Leave a comment

Greek credit contraction slightly decelerated in September

Posted on October 26, 2012 by Manos Giakoumis

Latest BoG data show that credit contraction in the Greek market slightly decelerated to 4.5% y-o-y in September from 4.8% y-o-y in August, with balances reaching €231.8bn corresponding to 114.3% of GDP.

Posted in Greek banks, Greek economy | Tagged Greek banks, Greek credit, Greek economy, Macro data | Leave a comment

September revenues resumed a negative trend, yet budget balance outperformed targets

Posted on October 23, 2012 by Manos Giakoumis

As he had previously noted, MoF had revised FY’12 – and accordingly monthly – budget targets in the September preliminary budget execution bulletin (released on October 11), incorporating its latest forecasts included in the 2013 draft budget tabled to parliament … Continue reading →

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

Revision of historical general government deficit and debt data

Posted on October 22, 2012 by Manos Giakoumis

Hellenic Statistical Authority (ELSTAT) and Eurostat announced today the revised general government (gg) deficit and gross debt figures for 2008-11. It is reminded that statistical services’ previous data (first estimates for 2011) were released last April.

Posted in Greek economy | Tagged Debt, Greek budget, Greek economy, Macro data | Leave a comment

Revenues resumed a negative trend in September; Budget balance still outperforms revised targets

Posted on October 11, 2012 by Manos Giakoumis

In the September budget execution bulletin, MoF revised FY’12 – and accordingly monthly – budget targets incorporating its latest forecasts included in the 2013 draft budget tabled to parliament on October 1.

Posted in Greek economy | Tagged Greek budget, Greek economy, Macro data | Leave a comment

IMF latest forecasts and statement on Greek economy

Posted on October 9, 2012 by Manos Giakoumis

In its latest edition of World Economic Outlook and Fiscal Monitor, IMF sees Greek GDP contracting 6.0% in 2012 and 4.0% in 2013, while unemployment rate is expected to substantially rise from 17.3% in 2011 to 23.8% in 2012 and … Continue reading →

Posted in Greek economy | Tagged Debt, Greek economy, IMF, Macro data | Leave a comment

Tag Archives: Macro data

All key budget items outperformed targets in November

Budget balance continued to outperform targets in November

Greek GDP contraction at 6.9% y-o-y in Q3’12

Further improvement of general government balance in October

Key highlights of BoG interim report on Monetary Policy

Greek banks’ Eurosystem funding slightly eased in October

Greek credit contraction slightly accelerated in October

Greek budget balance continued to outperform targets in October

Greek central government debt remained flat q-o-q at €303.5bn in Q3’12

Greek C/A deficit substantially dropped in 9M’12

Greek GDP contracted 7.2% y-o-y in Q3’12

Greek budget revenues rebounded in October; Budget balance continued to surprise on the upside

EC autumn forecasts on Greek economy

Slight improvement of Greece’s general government balance in September – Strong performance in 9M’12

Key highlights of Greece’s 2013 budget and 2013-16 MTFS

Greek credit contraction slightly decelerated in September

September revenues resumed a negative trend, yet budget balance outperformed targets

Revision of historical general government deficit and debt data

Revenues resumed a negative trend in September; Budget balance still outperforms revised targets

IMF latest forecasts and statement on Greek economy

SEARCH

RECENT POSTS

ARCHIVE

CATEGORIES

TAGS

SUBSCRIBE

RECENT TWEETS

RSS LINKS