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  1. Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent year-on-year (YoY), from an upwards revised drop of 7.6 percent in April, according to data... recorded drop since early 2021. April was the first negative reading since February 2021. The index has.... In the non-domestic market, the decrease was driven by a 23.8 percent drop in manufacturing. Mining

    3%

  2. Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
    Photo by MacroPolis

    EconomyMacroeconomy

    -on-year (YoY), after a drop of 1.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a drop of 3.4 percent. Sales volumes have been... index increased by 3.1 percent, after a 2.6 percent drop in the previous month. The volume’s

    3%

  3. Industrial turnover drops by 2.1 pct YoY in Oct due to foreign markets and manufacturing
    Photo via https://flic.kr/p/29HRurs

    EconomyMacroeconomy

    annual drop, something not seen since early 2021. April was the first negative reading since February..., while the non-domestic market was down by 10.3 percent. In the domestic market, the drop in October.... In the non-domestic market, the decrease was driven by a 11.4 percent drop in manufacturing. Mining

    3%

  4. Newsletter 458 - 04/04/2025

    Newsletters

    expensive in the US, leading only to a marginal drop of GDP by 0.05 pct, while when second-round effects... Retail sales grew by 2.5 pct year-on-year (YoY) in January, after a sharp drop of 5 pct in the previous... of 8.2 pct. Unemployment Greek unemployment continued to drop with a rate of 8.6 pct in February, from

    3%

  5. Building activity collapses by 41.3 pct YoY in Mar due to uncertainty over construction code
    Image: MacroPolis

    EconomyMacroeconomy

    Building activity tumbled in March with a collapse of 41.3 percent year-on-year, after a sharp drop... dropped by 43.3 percent. On a regional basis, the picture was all negative, with the biggest drop recorded in Ipeiros in north western Greece with 70.9 percent, while Attica also recorded a sharp drop

    3%

  6. Building activity continues to slide in Apr, 4M permits down 26 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity continued its slide in April with a drop of 17.3 percent year-on-year, after..., with the biggest drop recorded in Western Macedonia with 47.2 percent, while Attica also recorded a sharp drop of 26.5 percent. The domestic construction market has gone essentially on hold since a recent

    3%

  7. Local elections in Greece a precursor of European vote
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    and a strong showing from him will boost the Neofascists ahead of the European vote. Election rules means... Piraeus, where its candidate Vassilis Michaloliakos is facing a strong challenge from Yiannis Moralis... a strong presence in local politics so to have a candidate - and a young woman at that - in the second

    3%

  8. Car sales in Greece up 26.8 pct in February

    EconomyMacroeconomy

    a moderate increase of 1.3 percent posted in 2013. However, despite the strong rebound, the 2014... decrease (above 30 percent per annum) in the 2010-2012 period. Market sources noted that the strong recovery in 2014 mainly reflected increased rent-a-Car fleets due to a strong tourism season as well

    3%

  9. Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
    Photo via Flickr https://flic.kr/p/nphVW

    EconomyMacroeconomy

    , the headline figure shows an outperformance of 3.1 billion euros. This is largely attributed to a strong... above target. The strong performance in May fully reflects a strong rebound in income tax by 29.5

    3%

  10. PBO warns of recovery risks, fourth bailout and possible default

    EconomyMacroeconomy

    would be subject to stricter conditionality as eurozone lenders would be under strong political... of 2016. However, the report reiterates that the government projection for a strong GDP rebound of 2.7... for a strong economic rebound are not yet in place. In the PBO’s view, only a brave reform effort

    3%