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Greek economic sentiment down in January but consumer confidence rises
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued retreating for the second straight month in January, when it fell by 3.8 points to 95.3 from 99.1 in December, according to the European Commission (EC). January’s figure is the lowest reading since February 2...
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Greek deposits down 4.2 bln in Dec for highest outflows since June 2012
EconomyMacroeconomyGreek private sector deposits fell for the third straight month in December, when they declined by 2.4 percent month on month (MoM). Balances reached 160.29 billion euros, according to the Bank of Greece (BoG). The MoM drop is the highest since June 201...
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Greek Manufacturing PMI down to 48.3 pts in January, reaches 15-month low
EconomyMacroeconomyAfter rising in the preceding three months, Greece’s Manufacturing PMI dropped by 1.1 points to 48.3 in January from 49.4 in December, according to Markit. The headline figure fell to a 15-month low, while it was the seventh sub-50 reading in the last e...
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Greek apartment prices down 5.8 pct in Q4 2014
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the sixth successive quarter to 5.8 percent in Q4 2014 from 7 percent in Q3, according to the Bank of Greece (BoG). However, the Q4 rate indicates the twenty-third consecutive negative reading since...
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomyThe Greek seasonally adjusted (SA) GDP figure at constant prices showed a quarter on quarter (QoQ) fall of 0.2 percent in Q4 of 2014 after a rise (up to 0.7 percent) in the preceding three quarters, according to the flash estimates published by the Hell...
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Economic sentiment, consumer confidence edge down in March
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1.4 points to 96.8 in March from 98.2 in February, according to the European Commission (EC). In February the ESI had rebounded by 2.9 points. The March figure is the second lowest reading since April 2014 and s...
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Retail sales down by 2.6 pct in January for third straight monthly decline
EconomyMacroeconomyThe 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). The January headline figure i...
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomyThe Turnover Index in Industry headed south for the fourth straight month in February but at a decelerating pace of 9.8 percent from a downward revised 15.6 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The February rate ...
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Retail turnover falls by 3.3 pct in Feb, down for fourth straight month
EconomyMacroeconomyThe turnover of Greece’s retail trade index dropped for the fourth straight month in February, when it fell by 3.3 percent in February from an upward revised 1.8 percent decrease in January, according to the Hellenic Statistical Agency (ELSTAT). The Feb...
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek PoliticsThe Greek government is due to launch a new effort on Tuesday to overcome its liquidity problems as talks with its lenders still look far from being concluded and have been complicated by the International Monetary Fund reportedly stressing the need for...
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