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Sharper drop for retail sales in July points to lingering recession
EconomyMacroeconomyAuthority (ELSTAT). A similar drop (14.0 percent) was also evident in retail volumes. The picture remains... smoothened out to a mid-single digit drop of 4-5 percent. Monthly volatility in the automotive fuel sector... a decrease of 12.0 percent. It is noteworthy that unlike previous years, the rate of drop in retail sales
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Industrial production continues decline with 7.2 pct drop in August
EconomyMacroeconomyThe Industrial Production Index posted a drop of 7.2 percent in August with the figure... that except for April and June, all monthly readings so far in 2013 exhibit a single digit drop of between... percent respectively), while manufacturing and water supply production showed a moderate drop of 3.8
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Retail's downward slide continued with 8.9 pct sales drop in August
Economy(ELSTAT). A broadly similar drop of 7.8 percent was also evident in retail volumes. The decline in 2013 continues unabated following an average annual drop of 11.0 and 7.2 percent in 2012 and 2011... trend has smoothened out to a mid-single digit drop over the last couple of months. Monthly
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Greek industrial turnover drop accelerates in April
EconomyMacroeconomyto the Hellenic Statistical Authority (ELSTAT). The April reading indicates the highest drop since December..., with the highest drop posted in the last three months of 2013 and April this year. That said... of the recorded decrease in April fully reflects a double-digit drop in manufacturing turnover (down 10 percent
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Drop in Greek industrial production accelerates in June, falling by 6.7 pct
EconomyMacroeconomycompared to the 0.9 percent drop posted in May, according to the Hellenic Statistical Authority (ELSTAT... production retreated 3.2 percent, mainly reflecting a double-digit drop in electricity production (-12.4... in the 6-month period. Most of the main industrial groupings recorded a drop in June with consumer
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomy. Despite the drop recorded so far in time deposit rates, they remain 60-100 bps higher than those... euros depicted the highest drop at 120 and 101 bps respectively. The former now stands at 6.60 percent.... The combination of an 8 and 54 bps drop in the average deposit and loan rates, led the average spread
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Rate of drop in building activity increases to 19.9 pct in August
EconomyMacroeconomypercent after an 8 percent drop in July, according to the Hellenic Statistical Authority (ELSTAT... regions. Thessaly and Attica posted the highest drop, at 33.4 and 29 percent respectively. In contrast... are expected to drop by 6 percent overall in 2014, while market sources indicate a decline up to 7 percent
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November sees highest MoM drop in employment as headline figure remains at 25.8 pct
Economyreflects a MoM drop in the number of employed and jobless by 0.8 and 1.1 percent respectively... the past five years, the number of employed has nosedived by 991,000 corresponding to a drop of 21.9..., implying a YoY drop of 6.4 percentage points, still remaining at extremely high levels. In the next
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Sharp drop of 4.2 pct in Greek industrial turnover in May
EconomyMacroeconomyThe drop in Greece’s Turnover Index in Industry accelerated to 4.2 percent in May from a revised... turnover over the last twelve months shows a drop by 1.9 percent, as a double-digit rise in June 2014 smoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing
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Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomy. The drop in output, the seventh in successive months, is attributed to: a) Diminishing production... that further weighed on sales. On top of this, a considerable and accelerated drop in new export orders... was evident in employment, which tumbled at the steepest pace in more than 16 years. The drop over
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