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Retail sales soar by 38.9 pct YoY in April, a year after first lockdown
EconomyMacroeconomyGreece’s retail sales index jumped by 38.9 percent year-on-year (YoY) in April, following a revised drop of 2.9 percent in March, according to Hellenic Statistical Authority data released on Wednesday. This is the first rise of the index since October l...
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Trade deficit widens by 43.9 pct in May as imports soar
EconomyMacroeconomyGreece’s trade deficit rose by 43.9 percent year-on-year (YoY) in May, following a rise of 70.7 percent in April compared to an increase, according to data from the Hellenic Statistical Authority (ELSTAT) released on Thursday. The deficit came to 2.23 b...
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Govt mulls more tools against inflation as cost of living set to soar
PoliticsGreek PoliticsThe markets’ reaction to conflict in Ukraine has sent the government in search of additional policy tools to shield consumers from galloping inflation. On Wednesday EUROSTAT released its inflation figures for February, including a reading of 6.3 pct for...
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As imports soar, Jan trade deficit jumps by 98.7 pct; worst since Mar 2010
EconomyMacroeconomyGreece’s trade deficit continued its upward trajectory in January, nearly doubling year-on-year by 98.7 percent, from a jump of 79 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The deficit ca...
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Import price index shoots up by 31.8 pct as oil and natural gas soar by 25 pct MoM
EconomyMacroeconomyGreece’s import price index shot up by 31.8 percent year-on-year (YoY) in January, from a rise of 23.6 percent seen in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. Month-on-month, the index also increase...
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Producer prices soar by 43 pct YoY in May, but see first monthly drop since Aug 2021
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down, although only marginally, with one more explosive rise in May, shooting up by 43 percent year-on-year (YoY), having jumped by 48.8 percent in April, ELSTAT data said on Thursday....
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CPI moderates further to 7.2 pct in Dec, food prices soar by 15.5 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 7.2 percent year-on-year (YoY) in the last month of 2022, slowing down further from the 8.5 percent in November, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT). ...
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Travel balance up to May rises by 30.7 pct as arrivals soar by a third
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday. May’s balance was roughly 28 percent higher than the 1.2 billion euros registered in M...
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Travel surplus rises to 5.06 bln in June as arrivals soar by 26 pct in 6M
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.73 billion euros in June, from 1.54 billion euros in May, according to Bank of Greece (BoG) data released on Tuesday. June’s balance was roughly 17 percent higher than the 2.23 billion euros registered in ...
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Travel receipts of 19.61 bln up to Oct set new record as arrivals soar by 17 pct to over 30 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.5 billion euros in October, from 3.03 billion euros in September, according to Bank of Greece (BoG) data released on Friday. October’s balance was 10.8 percent higher than the 1.35 billion euros registered...
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