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Import price index rise of 34.6 pct in Mar highest since inflation rise began
EconomyMacroeconomyGreece’s import price index accelerated further in March, posting another solid rise of 34.6 percent year-on-year (YoY), from 27.2 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the high...
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Current account deficit deepens in Mar, reaching 6.45 bln for Q1
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2.33 billion euros in March, from a deficit of 2.12 billion euros in February, Bank of Greece (BoG) data showed on Friday. In March 2021, the balance showed a deficit of 1.45 billion euros, while in March...
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Growth in industrial turnover continues in Mar as manufacturing, petroleum products lead 38.3 pct rise
EconomyMacroeconomyGreece’s industrial turnover growth remained strong in March, rising by 38.3 percent year-on-year (YoY), from a slightly upwards revised 34 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. After m...
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Removal of restrictions boosts travel receipts in Mar
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 77 million euros in March, from 63 million euros in February, according to Bank of Greece (BoG) data released on Monday. March’s balance was significantly higher than the 8.3 million euros registered in Marc...
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Retail sales up by 20.2 pct YoY in Mar, effects of inflation emerge in volume data
EconomyMacroeconomyThe growth in Greece’s retail sales accelerated to 20.2 percent year-on-year (YoY) in March, after an increase of 16.9 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. It should be noted that Greece’s second lockdown ...
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2.7 points in June to 51.1 points, according to S&P Global data released on Friday. June’s PMI captured only a marginal improvement in the operating conditions of the Greek manufacturing sector and the slowest in th...
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Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
EconomyMacroeconomyThe growth in building permits slowed down in March, with total permits rising by 2.8 percent year-on-year (YoY) from a 13.7 percent rise in February, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Wednesday. The tot...
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Economic sentiment posts modest drop in Mar, consumer confidence recovers strongly
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a modest drop in March, falling by 0.8 points to 106.8, from a rise of 1.7 points in February, according to European Commission figures released on Thursday. That was the first decline after four consecutive mo...
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Price rises moderate further in Mar on annual basis, but pick up MoM
EconomyMacroeconomyThe pace of the rise in Greece’s Consumer Price Index (CPI) dropped further in March, when it increased by 4.6 percent year-on-year (YoY), from a 6.1 percent upsurge in February, according to the data released on Monday by the Hellenic Statistical Autho...
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Car sales jump by 28.4 pct in Mar, rise by 21.5 pct in Q1
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time grew strongly in March, rising by 31.3 percent year-on-year (YoY), after dropping by 8.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In...
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