Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
Unemployment rate drops to 12.1 pct in June, lowest since before first MoU
Inflation slows to 11.6 pct in July as housing and transport costs rise sharply
Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
Impact of uncertainty on economy starting to emerge in hard data
Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July
Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
The growth in Greece’s retail sales experienced a significant slowdown in May, rising by 5.1 percent year-on-year (YoY) from a solid 18.8 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Greece’s second lockdown was introduced in November 2020 and ran into 2021, so the annual growth captures the base effect and a much-subdued retail season, even during the annual sales and leading up to Easter last year.
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