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Retail turnover falls by 2 pct in May, volume drops by 2.4 pct
EconomyMacroeconomyGreece’s retail sales index fell by 2 percent in May, almost at the same rate as April when..., the volume index has remained negative for two consecutive months now. Compared to May 2018, the main... and footwear (+4.2 percent). The monthly seasonally adjusted (SA) retail sales index in May rose
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Industrial production up by 14 pct YoY in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 14 percent year-on-year (YoY) in May..., after rising sharply by 12.9 points in May. Year-on-year, industry confidence has jumped by 21.1... in June reached 58.6 points, from 58 points in May, signalling the ongoing improvement in market
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Growth in vehicle registrations slows in May, up 7.7 pct in first five months
EconomyMacroeconomy(YoY) in May, after a strong 36.3 percent jump in April, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In May 2023, licences had grown by 5.6 percent annually. Car sales in May came to 22,959 compared to 22,877 in 2023, an increase of just 0.4 percent. Passenger cars
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Late Easter helps retail sales rise by 14.3 pct YoY in May
EconomyMacroeconomyGreece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3.... The corresponding volume index also recorded a solid increase of 10.5 percent YoY. May this year was favoured...’s monthly movement was up by 10.6 percent. Compared to May 2023, automotive fuel was up by 17.7
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Building activity's upward course halts in May with 19.6 pct YoY drop
EconomyMacroeconomyThe strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent... by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached 2,065, from 2,570 in May 2023. The corresponding surface area decreased by 6.7 percent YoY, while
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PMI unchanged in May as signs of tariff effects, weak EU demand start to show
EconomyMacroeconomyGreece’s Manufacturing PMI was unchanged in May at 53.2 points, according to S&P Global data released on Monday. The manufacturing sector continued to expand in May, extending the growth trend... strong. A key driver was the eighth consecutive monthly increase in production, with the pace of growth
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Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
EconomyMacroeconomyGreece’s retail sales had a sharp drop of 4.4 percent year-on-year (YoY) in May, after marked... monthly movement was down by 2 percent. As we noted last month, the data has a strong seasonal component since orthodox Easter last year fell on May 5th, compared to April this year, leading to stronger
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PMI improves in May as manufacturers struggle with effects of Iran war
EconomyMacroeconomyGreece’s manufacturing PMI rose to 53.3 points in May, from 52.4 points in the previous month, S&P Global data showed on Tuesday. Growth in May accelerated to one of the strongest rates of the past... to replenish inventories. Strong order inflows encouraged capacity expansion, supporting solid
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Industrial turnover rises by 11.4 pct in May, staying positive for fifth consecutive month
EconomyMacroeconomypercent in May after April’s figure was slightly revised down to 6.5 percent, Hellenic Statistical... industrial groupings, although these were relatively small compared to the strong growth in the remaining... a strong rise of 28.1 percent, which was also the strongest rise overall for this category. The biggest
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Idomeni clash broadens fronts on which Greece has to tackle refugee crisis
PoliticsForeign PolicyAnother layer in the complexity of dealing with the refugee crisis resurfaced for the Greek government on Sunday, when an attempt by dozens of migrants to cross the border with the Former Yugoslav... that the police presence in Idomeni, Piraeus and the island hot spots, is strong enough. Tension has been rising
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