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Import prices rise moderates to 6.9% YoY in June as energy continues to dominate
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Car sales slowed in July as drop in new vehicle sales prompts 3.9% YoY fall
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Industrial Production slows to 1.1% YoY in June as only manufacturing grows
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Trade deficit continues to drop, falling by 5% in H1
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CPI slows to 3.4% YoY in July as energy effects moderate
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Manufacturing conditions continued to improve in July, despite cost pressures
Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
Greek non-seasonally-adjusted GDP contracted 0.3 percent year on year (YoY) in the second quarter (Q2) of 2014 from -1.1 percent in Q1, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) today.
The headline figure is 0.1 percentage points worse than the flash estimate of -0.2 percent released on August 13. The quarterly figures also indicate that the recession reached 0.7 percent in the first half (H1) of the year.
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