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Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years
EconomyMacroeconomy- and the fifth this year - double-digit drop rate. It is also the highest negative reading since October 2009... though that the latter makes up just a fraction of the total industrial turnover with a negligible...) and other transport equipment (+34.3 percent). On the flipside, the biggest drop was posted
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Notable drop of 13.3 pct in industrial turnover in January
EconomyMacroeconomyAfter a modest drop by 1.3 percent in December, the decline in Greece’s Turnover Index plummted... makes up just a fraction of the overall index. The industrial turnover in both the domestic... months. This is mainly attributed to a drop in output and incoming new orders, a slight decrease
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Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
EconomyMacroeconomy, following a revised drop of 2.6 percent in Q2, Bank of Greece (BoG) data showed on Monday... that prices in new apartments (up to 5 years old) dropped at a sharper pace of 1 percent quarter... annual drop of 11.7 percent was posted in 2012, while apartment prices have also posted a double
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PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
EconomyMacroeconomyto a sharp drop in new orders, further decline in output and reduced employment. However, Greek firms... uncertainty resulted in reduced purchasing activity and further drop in pre-production inventories... be a positive conclusion to the current bailout negotiations which could help to firm up client demand.”
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Car sales drop 2.5 pct in May for second successive month
EconomyMacroeconomyfor the second straight month in May but at a slower pace of 2.7 percent after a drop of 7.5 percent in April.... Passenger cars fell at a sharper pace of 6.5 percent in May following a broadly similar drop of 7.3 percent in April and landed at 14,302. Passenger cars retain the lion’s share making up 85 percent
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Drop in apartment prices continues with slower decline of 1.2 pct in Q2
EconomyMacroeconomy) in the second quarter (Q2) of 2017, following a downwards revised drop of 1.7 percent in Q1 2017... apartments, over five years old, saw their prices fall by 1.3 percent in Q2, whereas up to five years old.... The biggest annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop
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Trade deficit narrows by 14.9 pct in June despite sharp exports drop
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 14.9 percent year-on-year (YoY) in June, after a drop of 11 percent in May, according to data released by ELSTAT on Monday. The deficit came to 2.6 billion... was down by 10.7 percent, at 11.87 billion euros. Year to date, imports from EU countries were up
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Retail sales drop by 0.2 pct YoY in July as fuel leads slide
EconomyMacroeconomyGreece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after.... The corresponding volume index also experienced a decline in the form of a 2.8 percent YoY drop. Retail sales... were also up by 5.2 percent. Food and beverages decreased by 16.9 percent and clothing and footwear
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Led by sharp drop in purchases of new vehicles, car sales decline by 5.6 pct in Sep
EconomyMacroeconomy) in September, after a drop of 5.8 percent in August, according to Hellenic Statistical Authority... sales in September came to 17.935 compared to 19,008 in 2023, a drop of 5.6 percent. Passenger cars... risen by 3.6 percent annually. Passenger cars were up by 3.9 percent, lorries decreased by 1.5 percent
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Industrial Production contracts 1.7 pct YoY in Mar as all components drop
EconomyMacroeconomygrowth continuously since March 2024 when it had the last recorded drop of 0.6 percent. Month-on-month (MoM), the seasonally adjusted index in March recorded a sharp drop of 4.5 percent. The annual... May 2024, industry confidence is up 2.5 points. In addition, Greece’s Manufacturing PMI saw a solid
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