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Manufacturing conditions continued to improve in July, despite cost pressures
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Fuels propel 10.1% rise in retail sales for May despite volume drop
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Eurobank profits at 738 mln in H1, commissions jump by 13.5% to 414 mln
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Producer price index slows to 8.8% YoY in June, as energy continues to have impact
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Economic sentiment moderates slightly in July, while consumer confidence rises
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Unemployment rate stable at 8% in June
Government hails rising wage data, but full picture tells more complex story
The issue of wages resurfaced in the public debate last week after the government launched a communication offensive and briefed the Greek media that, based on Eurostat data, incomes in Greece have significantly improved.
According to government officials, the latest Eurostat data for 2024 showed that annual incomes in Greece since 2019 have increased by 24 pct, a development that places Greece in the middle of the EU table in terms of annual earnings.
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