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  1. Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    income (NII) came to 286 million euros in Q1, versus 366 million euros last year, a drop of 22 pct... by 42 pct to 583 million euros. Total operating expenses stood at 199 million, a drop of 6 percent YoY

    5%

  2. Labour market on mend as March unemployment rate eases to 12.2 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    unemployed people in March compared with the same month of 2021, amounting to 582,001, a drop of 21.2... the rate for men stood at 9.2 percent, a drop of 3 pps year-on-year. Youth unemployment dropped by 14.3

    5%

  3. Newsletter 340 - 03/06/2022

    Newsletters

    on the economic outcome of 2022. MacroeconomyCharts of the weekEconomic sentiment Following a sharp drop... to summer 2017. The most notable drop was in construction, where confidence plummeted by 19.3 points

    5%

  4. GDP rises by 2.3 pct QoQ in Q1 as consumption grows, but other components shrink

    EconomyMacroeconomy

    percent and imports declined by 5.6 percent. Export contraction was led by a drop in services... was due to a 5 percent drop in goods and 8.9 percent in imports of services. Compared to Q1 2021, all

    5%

  5. Newsletter 341 - 10/06/2022

    Newsletters

    contraction was led by a drop in services exports, which decreased by 5.4 percent QoQ. Exports of goods dropped by 0.3 percent QoQ. Import decline was due to a 5 percent drop in goods and 8.9 percent in imports

    5%

  6. Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
    Photo via https://flic.kr/ps/Us79n

    EconomyMacroeconomy

    Statistical Authority (ELSTAT) data released on Tuesday. After January’s annual drop of 0.6 percent... of declines. Month-on-month (MoM), the index also recorded a solid drop of 9.1 percent, from a rise of 9.3

    5%

  7. Unemployment rate steady at 12.5 pct in Apr, employment continues to grow YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2021, amounting to 587,595, a drop of 23.7 percent. For the third time since March 2010... points (pps) year-on-year and came to 16.2 percent, while the rate for men stood at 9.5 percent, a drop

    5%

  8. Wages index down by 1.9 pct in Q1, records back-to-back annual drops
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index stayed in negative territory in the first quarter of 2022, dropping by 1.9 percent year-on-year (YoY), after a revised drop of 1.5 percent in the last... drops. The NSA index came to 100.5 points, from 118.8 in Q4 2021, reflecting a solid drop of 15.4

    5%

  9. Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    in Western Macedonia with 47.4 percent, while Crete had the largest drop with 25.4 percent... confidence indicator improved by 9.5 points, to -13.8 points, after a sharp drop of 19.3 points

    5%

  10. Unemployment rate hovers at 12.5 pct in May, improves by 3 pps on last year
    Photo by MacroPolis

    EconomyMacroeconomy

    month of 2021, amounting to 596,056, a drop of 17.9 percent. For the fourth time since March 2010... and came to 16.5 percent, while the rate for men stood at 9.2 percent, a drop of 2.8 pps year

    5%