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Newsletter 404 - 01/12/2023
. Another piece of data that caught the attention this week was the first unemployment rate in single..., compared to the summer of 2009 when Greece had the same unemployment rate, the number of employed was 4.55.... It is believed that the ECB will not consider a rate reduction before the summer of 2024
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Newsletter 410 - 02/02/2024
consumption tax on fuel for farming and reducing the relevant VAT rate from 24 to 6 pct. Although Greek...’s tight monetary policy and the dependency of securing loans from banks. The average variable rate... Greece had a single digit unemployment rate for the third successive month in December, standing at 9.2
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PMI records further gains in Feb, sector confidence almost at two-year high
EconomyMacroeconomyexpansion territory. S&P notes that the rate of growth in February picked up pace for the first month... customers in Europe. Firms adjusted their production requirements, with output rising at a steep rate in February and a rate of growth historically robust and the sharpest for two years. Aside from
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Manufacturing makes fastest improvement for two years in March as PMI reaches 56.9 pts
EconomyMacroeconomyin the sector since February 2022. S&P notes that the rate of growth in March accelerated for the sixth.... As a result, manufacturers increased production, with the output levels rising at the highest rate... with the overall cost burden increasing at the highest rate since January last year. Greek manufacturers had
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Newsletter 425 - 31/05/2024
from two years in 2020 and 2021, Greece has had a negative savings rate since 2011, with the research... The unemployment rate in April was unchanged from the previous month at 10.8 pct, though improved from the 11.5 pct rate in April last year. It is clear that it will be a challenge for the economy
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Bumper results for banks add to frustration over interest rates, fees
EconomyBankingthe Bank of Greece (BoG) shows that between May 2022 and October 2023 the interest rate spread... offer a rate of 0.03 pct and 0.2 pct for corporations. ECB data shows that Greece ranks third from the bottom in the rate on deposits, only above Cyprus and Croatia. High charges Aside from rate
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Newsletter 432 - 06/09/2024
of inflation is the lowest in the EU, investments grew by the largest rate and the economic growth has led... their optimism to the lowest level since November 2022. Unemployment Greece’s quarterly unemployment rate... a million and employment reached 4.33 million. The employment rate stayed rather low at 53.2 pct as 4.23
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PMI shows slight improvement in Oct, sector outlook improves
EconomyMacroeconomyreported in recent surveys, however, the rate of expansion was slower than earlier in the year..., while still notable, October's rate of increase was the slowest since April and below the series... prices more gradually in October. The rate of increase in factory prices was the slowest
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PMI unchanged in Feb, shows signals of weakening domestic demand
EconomyMacroeconomythat although operating conditions continue to improve, the rate was softer. Despite a steeper increase... sales but at the slowest rate since November. Employment increased at the fastest pace in nine months... at the fastest rate since December 2023. Input costs surged at the steepest rate since November 2022 due
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Newsletter 478 - 03/10/2025
34.5 pct.MacroeconomyCharts of the weekUnemployment Greece’s unemployment rate appears.... In August last year the rate was 9.7 pct. The number of employed increased by close to 80,000 to over 4.3 million people. The rate for women improved by over one point year-on-year to 10.6 pct, while
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