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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
Retail sales down by 2.6 pct in January for third straight monthly decline
The turnover of Greece’s retail trade index fell for the third successive month in January, when it declined by 2.6 percent from a revised 3.8 percent drop in December, according to the Hellenic Statistical Agency (ELSTAT).
Since 2009, retail turnover has nosedived by more than 30 percent on the back of a similar drop in household disposable income mainly reflecting heightened unemployment, a cut in private and public sector salaries and pensions as well as increased taxes.
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