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Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month
EconomyMacroeconomy. There was a strong fall in new orders, similar to the one seen in August, with the rate of contraction above... historically elevated. Firms said that higher input prices were passed on to customers with the rate... price hikes. The pass-through of higher energy, transport and material costs, alongside interest rate
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Newsletter 379 - 05/05/2023
the eurozone central bank increased its rate by 25 basis points to 3.75 pct, from zero last year... rate in Greece continues to slide, falling below 11 pct in March, from 12.7 pct in the same month..., staying in expansion territory at 52.4 points with the strongest rate of growth since February 2022
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Aug PMI marks seventh month of improved manufacturing conditions, cost pressures resume
EconomyMacroeconomythat the rate of the overall growth was the second fastest since May 2022 and it compares favourably... funding supported investment opportunities. The rate of growth eased since the previous month... material prices and energy costs, leading to the highest rate of cost increase since January
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PMI in expansion territory in Oct, but jobs cut and inflation a challenge again
EconomyMacroeconomythe rate of growth accelerating to joint-fastest since March as new orders grew and some operations... stronger, the rate of growth was soft and the rise in new work was just marginal, something... January as workforce numbers were cut, with the rate of job shedding being the quickest since the end
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Growth in industrial production slows to 3.1 pct YoY in Nov, contracts MoM
EconomyMacroeconomyfor three consecutive months. This takes the growth rate during the eleven months of 2023... for nearly one year, reaching 10 months. S&P notes that the rate of growth in December picked up for the third successive month, at the highest rate since August, adding though that it is modest overall.
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Newsletter 419 - 05/04/2024
, despite a fall in the headline inflation rate. A Pulse poll published this week showed... unemployment rate increased in February, rising to 11 pct, from 10.6 pct in the previous month. The unemployment rate was 11.2 pct in February last year. There was a negligible drop in the unemployed
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Newsletter 430 - 05/07/2024
in the previous month. Orders continue to grow, though the rate of increase was the lowest of the year... remains upbeat, however, it dipped to a six-month low. Unemployment Greece’s unemployment rate was virtually unchanged in May, landing at 10.6 pct, from 11.2 pct in May last year. It seems that the rate
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PM puts tax cuts front and centre in bid to win back voters
PoliticsGreek Politicsreported that the aim is to lower the burden on the middle class by dropping the tax rate for incomes... of the measures which is unlikely to be considered is reducing the VAT rate. Elevated VAT revenues, boosted... indirect taxes. Keeping VAT rates high (the top rate of 24 pct is among the highest in the European Union
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Bank tax proposal spearheads PASOK attack on government's economic policy
Economythe new EU directive of increasing the rate of workers covered by collective agreements. The issue... - deferred tax credits - that would be amortised against profits with a rate of 29 pct up to 2040... allowed to keep deposit rates low, leading to one of the highest interest rate margins in the EU
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Government pledges more reforms, but economy set to prove deciding factor in 2025
PoliticsGreek Politicsthe inflation rate and offer a route to easing the pressure on Greek households. According to a report in Ta... likely scenario is for the tax rate on annual incomes between 10,000 to 20,000 euros to be cut from... euros and increasing the threshold for the top tax rate of 44 pct, closer to 50,000 euros
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