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Greek retail sales tumbled another 6.4 pct in September
EconomyMacroeconomy). A broadly similar trend and drop of 5.4 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... at 8.1 and 6.2 percent drop respectively. On the contrary, for the other key sectors namely, food
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First positive reading for building activity in 6 months after 1.2 pct rise in May
EconomyMacroeconomyin May, the 5-month figure of building permits showed a drop of 22.6 percent, slower than the 27.8.... In contrast, Thessalia and the Attica region recorded the highest drop in May, at 17.3 and 10.4 percent respectively. Note that the Attica prefecture (Athens, Piraeus and suburbs) is making up 21 percent
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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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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyto fall further by 1.9 percent in 2014 implying a 23 percent drop over the last five years... drop to 84 percent in 2014. The report highlights that the labor productivity and the purchasing power... shown a marked deviation in the succeeding five years. The sharp drop in real wages by 22.3 percent
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August trade deficit shrinks by 29.5 pct as imports fall faster than exports
EconomyMacroeconomyrespectively. The sharp drop in trade deficit in August led the respective 8-month figure up by a mid... the 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
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Greek trade deficit widens 34.2 pct in Sept as exports slip for third month
EconomyMacroeconomyGreece’s trade deficit widened by 34.2 percent in September after a drop of 29.5 percent in August... again after a short-lived drop in August. September’s figure indicating wasthe sixth positive... percent. However, exports posted just a marginal drop of 0.1 percent, while imports rose at a double-digit
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Unemployment rate at 25.7 pct in Jan, lowest since Aug 2012
EconomyMacroeconomyreflects a 1.1 percent month on month (MoM) drop in the number of unemployed. The employed marginally.... In contrast, the YoY drop in the number of jobless showed a slight acceleration to 6.7 percent in January..., the aggregate figures point to a cumulative drop of 22.5 percent corresponding to 1,027,300 lower
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomythe beginning of 2014 and the second highest drop since April 2014. Note that the January figure... a similar drop in manufacturing turnover (-9.9 percent), while mining and quarrying turnover recorded a slower decline (-6.5 percent). The breakdown in the two key areas displayed a drop in both
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PMI improves in May but points to further deterioration in manufacturing
EconomyMacroeconomymonth but the rate of contraction was moderate and slower than that of April. The largest drop... showed that the drop in May’s incoming new work was largely attributed to uncertainty and adverse... progress on outstanding orders with a marked drop in the extent of backlog. Employment fell
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomydrop by 6.5 percent. In particular for May, revenues fell significantly by 23.7 percent broadly similar to the 20.2 percent drop posted in the budget figure. According to the MoF, the drop.... The respective drop in budget expenditure was less than half (-3.4 percent). Interest payments grew
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