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Nov budget data confirms tax revenue outperformance at 784 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.88 billion euros up to November 2021, compared with a deficit of 13.75 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday. The primary balance exceeded the target set in the new 2022 final
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Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
EconomyMacroeconomyThe budget primary balance for the full year landed at a deficit of 10.33 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance is more than 600 million euros better compared
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Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln
EconomyMacroeconomyThe budget primary balance for the first four months of 2022 came to a deficit of 811 million euros, compared to a deficit of 6.2 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat
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Retail sales up by 20.2 pct YoY in Mar, effects of inflation emerge in volume data
EconomyMacroeconomyThe growth in Greece’s retail sales accelerated to 20.2 percent year-on-year (YoY) in March, after an increase of 16.9 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. It should be noted that Greece’s second lockdown was introduced in November 2020 and ran
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Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
EconomyMacroeconomyThe growth in Greece’s retail sales maintained a solid pace of 18.8 percent year-on-year (YoY) in April, from 20.2 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. Greece’s second lockdown was introduced in November 2020 and ran into the new year in 2021, so
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Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
EconomyMacroeconomyThe growth in Greece’s retail sales experienced a significant slowdown in May, rising by 5.1 percent year-on-year (YoY) from a solid 18.8 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Greece’s second lockdown was introduced in November 2020 and ran into 2021, so
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Seasonality drives retail sales up by 12.1 pct in Jun, but cost-of-living crisis evident in volume data
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace again in June, rising by 12.1 percent year-on-year (YoY), from a downward revised 4.6 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. On a monthly basis, the seasonally adjusted index increased by 4.3 percent
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Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
EconomyMacroeconomyThe growth in Greece’s retail sales stayed essentially stable in July, rising by 11.9 percent year-on-year (YoY), from an only slightly downward revised 12 percent rise in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index in July increased
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Final budget execution data for Sep highlights overperformance in most tax categories
EconomyMacroeconomyThe budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros, compared to a deficit of 5.96 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance beat
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Nov job data delivers worst employment figures on record, as 2022 produces 71,700 fewer places
EconomyMacroeconomyGreece’s employment balance went further into deep negative territory in November, with 83,627 more departures than hires according to data from the Labour Ministry’s Ergani information system. In October, the balance moved into deterioration as there were 115,856 more departures than hires
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