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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
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Jobs in tourism push May hiring balance upwards
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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
Minor uptick in time deposit and average loan interest rate in June
Greek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from 0.85 percent in May, Bank of Greece (BoG) data showed on Tuesday.
This was the first uptick, albeit marginal, for the time deposit rate in the course of 2016, which remains close to the historical low it recorded in May and stands almost 30 bps higher than the eurozone average rate of 0.57 percent.
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