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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomyGreek private sector deposit outflows eased to 3.86 billion in May from 4.66 billion in Apr... in May largely stemmed from time deposits (2.74 billion), while sight and savings recorded more modest... billion month on month in May to 151.01 billion. This is the also the lowest reading since May 2004
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Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 0.6 points in May after increasing in the preceding two... over the last three months. The May headline figure of 89.7 is the lowest reading since February... in the past four months by 1.8 points to -71.9 in May. The rise in May offset a similar drop recorded
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyThe flow of Greek private sector deposits turned positive in May with inflows of 184 million... balance rebounded to 121.7 billion euros in May its highest reading since January. The positive flow in May is entirely attributed to sight inflows of 1.54 billion euros, while savings and time deposits
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Current account deficit widens to 412 mln in May
EconomyMacroeconomyGreece's current account (C/A) deficit almost tripled to 411.6 million euros in May from 139.9... year to positive this May. Moreover, BoG said that the drop in exports is largely due to a decrease... sea transport receipts. In addition, travel receipts fell 10.4 percent to 1.1 billion in May despite
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Unemployment rate stable at 23.5 pct in May after upward revision for April
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained stable at 23.5 percent in May after... represents the lowest jobless reading since March 2012. The number of employed fell by 15,900 in May.... The absolute figures displayed the number of employed and unemployed landed at 3.65 and 1.12 million in May
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Hirings balance hits new record high of 108,725 in May
EconomyMacroeconomyThe employment balance continued its positive momentum in May with hirings outpacing departures by 108,725, data from the Labour Ministry’s Ergani information system revealed. May is the fourth month in a row where a positive hirings balance has been noted in the Greek job market. Compared to May
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Change to date of local elections adds to expectations of May national vote
PoliticsGreek PoliticsThe chances of general elections being held next May are rising, especially after the government... were due to take place in October next year, are held in May. This would mean the first round... place on Sunday, May 26. A second round of local voting will be held wherever needed a week later
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Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in May edged down to 19.5 percent from... on Thursday. The unemployment rate in May last year was 21.7 percent. The latest rate is the first time.... The unemployed figures continue the improvement trend, with May showing a drop in unemployed by 18,029 compared
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Primary cash balance at surplus of 438 mln in May
EconomyMacroeconomythat on a monthly basis, revenues dropped by 54 million euros in May and came to 3.12 billion euros... euros to 17.75 billion euros against last year’s total of 17.71 billion. Expenditure for May rose... January to May showed a strong increase of 1.94 billion euros, bringing the total to 21.46 billion euros
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Budget primary surplus confirmed at 916 mln in May on higher expenditure
EconomyMacroeconomy, compared to a surplus of 853 million noted in May 2018, the Finance Ministry’s (MoF) final budget... the aggregate target by 2.55 billion euros. The monthly primary balance for May landed at a deficit... to May 2018 when the figure stood at a deficit of 947 million euros, the monthly primary balance’s
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