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Primary surplus at 4.37 bln up to March thanks to deferred spending, VAT intakes
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Despite disposable income rise in Q4, saving rate negative for five quarters in a row
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Greece unveils new batch of cost-of-living measures after robust 2025 fiscal results
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Tourism season starts strongly in Feb with receipts up 70.7 pct in first two months
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Manufacturing drives industrial turnover decline of 4.6 pct YoY in Feb
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Hiring balance stays negative in Jan as new hires drop YoY
Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
Greece’s industrial turnover went deeper into negative territory in May, contracting by 13.6 percent year-on-year (YoY), from an upwards revised drop of 7.6 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
This is the first back-to-back recorded drop since early 2021. April was the first negative reading since February 2021. The index has also been recording much more modest growth rates in recent months.
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