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Rise in import prices slow further to 15.7 pct YoY in Nov
EconomyMacroeconomyThe pace of the increase in Greece’s import price index slowed again in November, when it rose... at 18.7 percent. In November 2021, the index had increased by 25 percent annually. Month-on-month... percent in the previous period. In November, there was a 19.1 percent rise from the non-eurozone
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Deposits record growth of 5 bln in Dec, balance at highest since summer 2011
EconomyMacroeconomywith a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece... season. The annual growth in December was 4.8 percent, from 4.5 percent in November, and 5.9 percent in October. The outstanding balance of private sector deposits in November stood at 188.74 billion
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Loans grow by 6.3 pct in Dec, highest since 2009
EconomyMacroeconomy-on-year (YoY), from 5 percent in November, and 5.3 percent in October, Bank of Greece (BoG) figures.... The net lending flow was positive by 2.84 billion euros, after 82 million euros in November..., after a positive 44 million euros in November. Within corporate lending, the flow of credit to non
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Despite strains, manufacturing remains in growth as Nov PMI reaches 50.9 pts
EconomyMacroeconomyGreece’s Manufacturing PMI was essentially unchanged in November, remaining in expansion territory... moved up in November, on the back of higher energy costs and oil prices, which was partially offset... of orders-in-hand. Encouragingly, employment numbers returned to growth in November as manufacturers
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Industrial turnover drops by 2.1 pct YoY in Oct due to foreign markets and manufacturing
EconomyMacroeconomymarkets were down by 3.8 percent. Greece’s Manufacturing PMI was essentially unchanged in November... the European Commission’s business indicators for November, industry confidence was unchanged at -4.1 points in November. Since December last year, industry confidence is down by almost 4 points. Overall
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Unemployment rate stays below 10 pct in Nov as inactive numbers rise
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in November, landing... Authority (ELSTAT) data showed on Thursday. In November last year, the unemployment rate was 11.9... unemployed people in November compared with the same month of 2022, amounting to 429,806, a drop of 23.4
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Building activity slows in Nov as permits contract by 1.2 pct YoY
EconomyMacroeconomyBuilding permits slowed in November, dropping by 1.2 percent year-on-year (YoY), after rising... February, August and now November. The total number of permits issued in November reached 2,489, from 2,518 in November 2022. The corresponding surface area increased by 8.9 percent YoY, while volume
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Meeting of Greek and Turkish foreign ministers not expected to yield breakthrough
PoliticsForeign Policyministers of Greece and Turkey on November 8. The talks are due to take place in Athens and could define... for two scenarios that could emerge from the November 8 meeting. The first, which is rather unlikely... is certain is that the meeting on November 8, will prepare the ground for the Mitsotakis-Erdogan
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Car sales record moderate 1.8 pct YoY rise in Nov, up 2.9 pct this year
EconomyMacroeconomy) in November, after an increase of 2.1 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In November 2023, licences had grown by 24.3 percent annually. Car sales in November came to 19,134 compared to 18,791 in 2023, a rise of 1.8 percent. Passenger
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Budget rolls on with solid primary surplus of 12 bln in Nov
EconomyMacroeconomyThe budget primary balance recorded a surplus of 12.01 billion euros up to November, according.... Net revenues were 66.72 billion euros. The budget balance up to November showed a surplus of 4.38 billion euros, from a 1.03-billion-euro deficit in November 2023. The overall balance is better than
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