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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomy. Final consumption expenditure decreased 2.2 percent (though government consumption was up 7.3..., following a 10.3 percent drop in Q3. On an annual basis, for 2020 private consumption dropped 5.2... of GDP, making up around 95 percent of the total figure in Q4, with private consumption representing
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingcompared to 262 million euros in Q3. For the year, PPI came to 809 million euros, a 30 percent drop... the stock down to 22.5 billion euros, despite the pandemic environment. However, inflows picked up in Q4... expenses in 2020 stood at 891 million, a drop of 7 percent YoY. This trend improved the group’s
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Manufacturing and electricity supply help keep industrial production buoyant in Sep
EconomyMacroeconomy. These were partially offset by a 0.3 percent drop in water supply. Up to September, the IPI has increased.... Month-on-month (MoM), the index recorded an increase of 9.5 percent, from a 13.3 percent monthly drop... by an 8.3 percent in manufacturing and 5 percent in mining and quarrying. Water supply was up by 1
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Apartment prices rise 7.9 pct in Q3, continuing upward trend
EconomyMacroeconomyin the third quarter of 2019, just months before the pandemic broke. The property market is up by 8.3 percent up to September this year. Property prices in Greece have been rising continuously since Q1... double-digit drop of -10.9 percent in 2013. The sharpest quarterly rate of decline was seen in Q1
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Economic sentiment recovers 3.4 pts in Sept, buoyed by rise in services
EconomyMacroeconomypoints in September, moving up to 105.1 points after a marginal drop of 0.1 points to 101.7 in August... this year were the highest of the series, but sentiment had been sliding since, having lost 9 points up... points from August. The recovery in Greece’s consumer confidence following the sharp pandemic drop
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Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct
EconomyMacroeconomy) at the close of 2022, from a rise of 0.4 percent in Q3, after the previous drop by 0.5 percent was revised.... On an annual basis, Q4 GDP picked up pace to 5.2 percent year-on-year (YoY), from an upwards revised 4.4... by 0.8 percent and imports increased by 6.3 percent. The export drop was led by a decrease in services
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Import prices stabilise at high levels in Jan with rise of 0.4 pct YoY
EconomyMacroeconomyin January of 2022 had already started posting strong rises, being up by 31.8 percent. Month-on-month, the index posted a drop of 0.8 percent, after 2.6 percent in the previous month. The index has... movements were led by a 16.1 percent drop in electricity and gas supply, followed by drops in mining
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Central debt records small rise to 401.53 bln in Q1
EconomyMacroeconomya drop of roughly 1 billion euros in bonds and a rise of 2.2 billion euros in loans related to a rise of 1.8 billion euros in repos, offsetting the 1.4 billion euros drop in adjustment programmes debts. FSM loans continue to make up the bulk of the total, accounting for 58 percent. The value of FSM
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CPI growth stable at 2.8 pct in May, food inflation gathers pace at 11.6 pct
EconomyMacroeconomymonths. In May 2022, the CPI was up by 11.3 percent YoY as the wave of inflation was in full swing... in April. Month-on-month, the HICP was up by 0.5 percent. In May, the annual CPI movement was led... increased by 7.8 percent. These were partially offset by a sizable drop of 12.9 percent in housing due
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Industrial production rises by 4.2 pct in April thanks to growth in electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) picked up pace in April, rising by 4.2 percent year... growing in all four months of 2023. Up to April 2023, the index is up by 2.4 percent annually. Month-on-month (MoM), the seasonally adjusted index in April recorded a drop of 1.9 percent, from a decrease
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