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Retail sales up 3.9 pct in April for first positive YoY reading since 2010
EconomyMacroeconomyvolume also increased by 7.3 percent YoY from a revised drop of 1.2 percent posted in March. The rise... a marginal MoM drop was that of automotive fuel (down 0.4 percent). The Easter period is most... percent). Automotive fuel also rose 5.3 percent following a 2.7 percent drop in March. In contrast, only
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time... in June 2012. Although with some delay and at a slower pace, the drop in time deposit rates has... contracting by 36 bps, thus falling back to March levels. The sharp drop in May is attributed
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomystems from a double-digit increase (10.3 percent) in imports and a slight drop in exports (-1.5 percent... to 2.49 billion euros from 3.32 billion last year. However, the rate of C/A deficit drop continued... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases
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Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent... the peak of 102.2 posted in Q3 2008. The drop in transactions exceeds 90 percent over the past six... to the evolution of building activity, which posted a cumulative drop of 75 percent since 2008. The latest
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Greek PMI up to 50.1 in August, employment and profitability still falling
EconomyMacroeconomya solid rise in August, reversing the slight drop posted in the beginning of the third quarter... in production with higher new export orders contributing to the positive sales performance. After a drop... ending a two-month run of drop in total new business. New export orders also rose marginally
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Greece is least socially just country in EU, report indicates
SocietyThis meant that Greece suffered a drop of 0.86 on the mark it gained in 2008. Only Ireland had a bigger... since 2008, which is the second-largest drop in the Union. This rock bottom ranking comes... 24th with 4.68 but displays the biggest drop (1 point) of all the countries rated in 2008
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Greek PMI drops into contraction territory in September, falling to 48.4 points
EconomyMacroeconomycontraction, suggests a deterioration of business conditions at the end of the third quarter. The drop... growth in August, production fell slightly in September. This was the second drop in the last three... the past four months. Lower purchasing activity also led to a drop in the stocks of purchases
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Greek building activity drops by another 8 pct in July
EconomyMacroeconomyof building permits at 44.4 and 29.2 percent respectively. In contrast, the drop in West Greece (-26.7..., Fitch reiterated its view that house prices are expected to drop by 6 percent overall in 2014. Housing... over the past 2.5 years with the cumulative drop at 13 percent over the past four years. In addition
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Greek disposable income continues its slide in Q2, reached 29 pct during crisis
EconomyMacroeconomy) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT). Q2 rate of drop.... The continued drop in disposable income mainly reflects a decline in the compensation of employees.... In contrast, property income showed a low single digit drop (-9.8 percent) over the past five
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August trade deficit shrinks by 29.5 pct as imports fall faster than exports
EconomyMacroeconomythe first data is avalable. August’s performance reflects a 16.3 percent drop in imports and a 5.7... a slower drop in August (-20.3 percent), mainly reflecting a lower decrease in imports (-12.9 percent... respectively. The sharp drop in trade deficit in August led the respective 8-month figure up by a mid
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