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Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
EconomyMacroeconomyFollowing a temporary jump by 36.2 percent in November, Greek building activity (as measured by the number of building permits) resumed a negative trend in December diving by 29.6 percent according to the Hellenic Statistical Authority (ELSTAT).
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Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomyGreek non-seasonally-adjusted GDP contracted 2.3 percent in the fourth quarter of 2013, which was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent drop, according to provisional data published by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
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Drop in CPI eased in Feb but Greece still firmly in deflation territory
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) slowed further in February to 1.1 percent from 1.5 percent in January, according to the Hellenic Statistical Authority (ELSTAT).
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Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative
EconomyMacroeconomyGreece’s trade deficit narrowed 2.1 percent to 1.4 billion euros in December, while the respective figure for 2013 fell 11 percent to 19.34 billion, according to the Hellenic Statistical Authority (ELSTAT).
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Industrial turnover and new orders indices post big drops for December
EconomyMacroeconomyThe Turnover Index in Industry fell 11.8 percent in December, while the New Orders Index in Industry dropped 7.5 percent, according to the Hellenic Statistical Authority (ELSTAT).
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomyGreek non-seasonally-adjusted GDP contracted 2.6 percent in the fourth quarter of 2013, further decelerating from the 3 percent drop posted in the third quarter, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Friday.
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
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Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years
EconomyMacroeconomyThe seasonally adjusted jobless rate continued heading north, reaching 28 percent in November from a downwards revised 27.7 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT). The November rate now holds the new high.
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Building activity up by 36.2 pct in Nov as rebound continues
EconomyMacroeconomyGreek building activity (as measured by the number of building permits) soared 36.2 percent year-on-year (yoy) in November posting a positive growth for the second straight month, according to the Hellenic Statistical Authority (ELSTAT).
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Electricity drives rare rise in Greek industrial production index
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) had a small rebound of 0.5 percent in December following a downwards revised 5.4 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT).