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  1. Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near

    EconomyMacroeconomy

    the estimates for a -0.4 percent drop. The first quarter was revised downwards to -1.1 percent from -0.9.... The largest drop in second quarter economic activity was recorded in 2011 with a decline of 8 percent, followed by a drop of 7.4 percent in 2012 and 4 percent last year. The Greek economy plummeted

    3%

  2. Services help increase Greek current account surplus to 1.37 bln in June

    EconomyMacroeconomy

    by a drop in the income deficit by 151 million and a rise in the current transfers’ surplus by 138... a rise in non-residents’ arrivals by 13.7 percent. Following the strong performance in June, the drop... months, the drop in the income deficit (by 396 million to 1.36 billion) results from lower net interest

    3%

  3. Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July

    EconomyMacroeconomy

    in July. Nevertheless, the 7-month figures still indicate a year on year drop of 2.2 and 4.4 percent... on year. The 7-month figures indicate a drop of 17.6 and 0.6 percent respectively. Note... breakdown showed revenues at 321 million euros in July, implying a drop of 85.5 percent, mainly

    3%

  4. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    with a drop in loan provision by 17 percent to 705 million. The quarterly figures show PPI down 11.... The yearly drop mainly stems from a double-digit decrease in personnel expenses (down 16 percent), while... to 23.2 percent in Q2 from 23 percent in Q1 and 22.5 percent in Q4. This reflects a drop in NPL formation

    3%

  5. Industrial production drops 2.1 pct in July but rate of decline slows

    EconomyMacroeconomy

    The rate of drop in the Greek Industrial Production Index (IPI) slowed to 2.1 percent in July after... production recorded a double-digit drop (-12.2 percent), while water supply production slipped 1.1... the sharpest drop (-33.2 percent) in July, following a series of strong positive performances

    3%

  6. Greek unemployment rate hovers at 27 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    of employed and a 0.3 percent drop in the number of unemployed. Employment showed an improving trend... returned to negative territory with a marginal 0.1 percent drop. The YoY rate for unemployed displayed.... However, the aggregate fall since June 2009 amounted to 1.05 million corresponding to a drop of 23

    3%

  7. Building activity falls 10.7 pct in June after brief rise in May

    EconomyMacroeconomy

    at an accelerating pace of 17.9 and 39.9 percent respectively. The year on year drop in June building permits... the highest drop at 27.8 and 27.1 percent respectively. In contrast, permits in South Aegean and Crete soared... 7.3 percent in Q2, while the cumulative drop stands at 36.3 percent from the peak posted in Q3 2008

    3%

  8. Increase in number of services that saw their turnover decrease in Q2

    EconomyMacroeconomy

    , the performance of 8 services had been in negative territory. The highest drop in Q2 was displayed... the previous quarter. The other 7 services with negative growth recorded a single digit drop in Q2... and support (down 65.8 percent) posted the highest QoQ drop, followed by information service activities

    3%

  9. Greek primary budget surplus to August narrows to 1.95 bln on lower revenues

    Economy

    in July. This is mainly attributed to a month on month (MoM) drop in revenues to 3.51 billion, broadly... billion. The rate of drop in revenues (excluding tax refunds) accelerated to 19 percent in August... by 0.6 percent in August. However, the 8-month figure points to a 5.1 percent drop to 27 billion

    3%

  10. Greek trade deficit widens by 29.4 pct in July as import rate soars

    EconomyMacroeconomy

    last year. The evolution in July reflects a slight drop in exports by 1.1 percent and an increase... rate stems from a drop in exports by 4 percent and a rise in imports by 2.2 percent. The absolute..., the 7-month exports recorded a slightly slower drop at 2.9 percent, while imports showed a higher

    3%