Greek national accounts for Q4 2016 (flash estimates), Real GDP -0.4 QoQ% / +0.3 YoY% in Q4, Full year growth +0.3% vs -0.3% 2017 state budget estimate

The Hellenic Statistical Authority (ELSTAT) published earlier today the quarterly national accounts flash estimates for Q4 2016. The respective provisional data, along with the breakdown of GDP, is scheduled to be published on March 6, 2017. Real GDP in Greece contracted on a quarterly basis by -0.4% in Q4 2016. The Q3 2016 reading was upwardly revised to +0.9% from +0.8%. On annual basis, real GDP grew by +0.3% from +2.2% in Q3 2016 (revised by +0.4 ppts).