Construction slides again in May with fall of 8.7 pct YoY in building permits
Decline in car sales continues with 14 pct YoY fall during July
Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
Trade deficit falls by 10.3 pct in June
CPI falls by 1.8 pct YoY in July
Industrial production down by 4.9 pct YoY in May but picks up from previous month
Unemployment hit new high of 27.8 pct in October, set to rise further
Greece officially assumed the presidency of the European Union on Wednesday, with the highest unemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September. After the previous months’ revisions, the October rate now holds the new high.
There were 1.388 million jobless in October 2013, compared to 497,222 in October 2009 when the crisis in Greece began. After the revisions, September holds the highest figure of unemployed, reaching 1.389 million. Those with jobs fell from 3.62 million ...
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