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  1. Greek PMI rises to 49.6 in May as uncertainty continues to impact
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth... conditions. The deterioration however was slightly improved upon in May compared to previous months. The PMI stood at 49.6 in May, up from 48.2 in April. The rate of decline eased for the second successive

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  2. Net job hirings reach new high of 89,534 in May, 5-month figure a record
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The employment balance stayed positive in May 2017 with net hirings climbing by around 13,000... on Wednesday. This year’s figure is the highest positive reading for May since 2001. It is worth noting that May has had a positive employment balance over the last 17 years. Specifically, hirings stood

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  3. General govt primary cash surplus at 2.25 bln in May, arrears rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the total figure. Arrears Arrears to the private sector (including tax refund arrears) rose in May... to bring them to 5.05 billion in May. The largest declines in May were recorded in the subsectors... of May, representing 44.4 percent of the total, followed by tax refunds of 1.21 billion (23.9

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  4. New overdue tax obligations reach 717 mln in May, total at 95.2 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s new tax debt eased slightly to 717 million euros in May from 754 million in April... categories rose by 599 million in May, a notable decline from the figure of 714 million in April. Around one... in May from 85 percent in the previous month. The amounts due for the other three key taxes, namely

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  5. Eurosystem funding falls by 716 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG... funding fell in May after having risen for two consecutive months. In recent months, ELA funding has been steadily falling, with the latest reduction coming on May 17, when the ECB announced that the ELA

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  6. May current account shows surplus of 191.5 million as underlying indicators improve
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account (C/A) balance recorded a surplus of 191.5 million euros in May, reversing... drove the improvement in the balance, leading it to come to a surplus in May. The deficit... in the balance of goods declined by 127 million in May. Improvements were noted in both the oil balance

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  7. Car sales rise by 15.2 pct in May and 9.7 pct in aggregate period
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 15.2 percent in May compared.... In May 2018, the year-on-year rise had come to 18.7 percent. May’s headline figure marks two... for the month came to 23,010 compared to 19,977 in May last year. Out of the total, passenger car sales rose

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  8. Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect

    EconomyMacroeconomy

    , compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary..., beating the aggregate target by 2.55 billion euros. The monthly primary balance for May came... to May 2018 when the figure stood at a deficit of 947 million euros, the monthly primary balance’s

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  9. New tax debt at 2.53 bln to May, up by 96 mln month-on-month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The month-on-month rise in Greece's new tax debt came to 96 million euros in May, data from... month-on-month in May, bringing the total to 2.37 billion euros compared to 2.29 billion in April. The VAT collectability rate came to 94.3 percent in May, showing 254.6 million collected out of 269.9

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  10. Vehicle registrations up by 21.3 pct in May, led by cars
    Photo by MacroPolis

    EconomyMacroeconomy

    -on-year (YoY) in May, picking up pace from the rise of 1.9 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In May 2021, the year-on-year change was 57.2 percent, compared to May 2020 when Greece was only gradually finding its footing from the first lockdown

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