Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GreeceGreece Loans to Private Sector climbed to -2.9% in February 2015
FMPMonthlyReleased February 2015
Greece Loans to Private Sector climbed to -2.9% in February 2015, up 0.2% from January's -3.1% reading.
Latest Release
-2.900000
Actual
—
Consensus
-3.100000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Loans to Private Sector (Greece) was reported at -2.9% in February 2015. The reading rose from the previous value of -3.1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update February 2015.
SHARE
Loans to Private Sector - GR
Loading chart data...
About Loans to Private Sector — Greece
DEFINITION
Loans to Private Sector is a financial indicator that measures the amount of credit extended by banks and other financial institutions to private businesses and individuals. This indicator is used to assess the overall health of the economy and the level of investment and consumer spending. A high level of loans to the private sector is generally seen as a positive sign of economic growth, while a low level may indicate a lack of confidence in the economy. This indicator is closely monitored by policymakers and investors as it can provide insights into the current and future state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2015): actual -2.9 %. Prior reading (Dec 2014): -3.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection.