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Greece sees Manufacturing PMI move into growth for first time since August 2009
EconomyMacroeconomyGreece’s Manufacturing PMI improved by 1.6 points for the third consecutive month in January reaching 51.2 points from 49.6 in December, according to Markit. More significantly, though, the headline figure surpassed the 50-point mark, which distinguishes growth from contraction, for the first time
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Despite payment of some arrears, total reached 4.6 bln at end of 2013
EconomyMacroeconomy(under EAP) will be a “welcome surprise,” rising well above the 1-billion-euro mark. The stock
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Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years
EconomyMacroeconomythe 5-million mark for the third straight month as the inactive population increased again to 3.38 million
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Manufacturing PMI edges up for second month in a row
EconomyMacroeconomyGreece’s Manufacturing PMI improved by 0.1 points for the fourth straight month in February reaching 51.3 points from 51.2 in January, according to Markit. The headline figure remained above the 50-point mark for the second consecutive month mainly led by output and new orders. As Markit points out
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Greek jobless rate dips to 27.5 pct in Dec but inactive population growing
Economyhas surged 159 percent. Labour force participation persistently remained below the 5-million mark
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Eurosystem funding for Greek banks eases by 2.18 bln in January
EconomyMacroeconomyto liquidity. The ELA funding passed the 100-billion-euro mark for the first time in February 2012
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Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomythe 4-percent mark forecast by the Greek government and latest European Commission estimates published
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Greece agrees with troika, looks to tranche release and redistribution of surplus
PoliticsGreek Politicsmark. Tuesday’s deal allows the government to argue that its strategy of cooperating with the troika
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Buoyed by troika deal, Greece aims for rapid return to bond markets
Economytargeting a yield slightly above the 5-percent mark compared to circa 6 percent a month ago
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Manufacturing PMI moved back into contraction territory in March
EconomyMacroeconomyGreece’s Manufacturing PMI slowed to 49.7 in March from 51.3 in February, falling back below the 50-point mark that separates growth from contraction, according to Markit. The drop in the headline index is attributed to slower growth in output and new orders coupled with lower stocks and employment
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