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Industrial turnover growth slows to 2.2 pct YoY in Jan with modest manufacturing gains
EconomyMacroeconomyGreece’s industrial turnover growth slowed in January, rising by 2.2 percent year-on-year (YoY), from a 5.7 percent increase in December, according to data released by the Hellenic Statistical..., according to S&P Global data. S&P says that although operating conditions continue to improve
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Retail sales start 2025 with 2.5 pct YoY rise, led by food
EconomyMacroeconomyGreece’s retail sales started the new year with growth of 2.5 percent year-on-year (YoY) in January, after a sharp drop of 5 percent in December, Hellenic Statistical Authority (ELSTAT) data showed... data dissipated, although they still capture some signs of the impact of prices, with fuels down
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PMI rise in Mar signals strong expansion, input costs at highest since 2022
EconomyMacroeconomyGreece’s Manufacturing PMI saw a solid rise in March, when it reached 55 points from 52.6 points in the previous month, according to S&P Global data released on Tuesday. Greek manufacturing saw... trend to five months. March data showed the sharpest rise in new sales in almost a year, supported
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Sharp drop in unemployed figures pushes unemployment rate to 8.6 pct in Feb
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 8.6 percent in February, from an upwards revised 9.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data... percent, while the rate in the 25-74 years bracket was 8.1 percent. The latest available data from
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Minimum wage increase crashes against reality of Greeks' low purchasing power
AgoraThe media offensive launched last week to promote the latest rise in the new minimum wage in Greece clashed with the latest data released by Eurostat concerning per capita GDP in the EU in purchasing... in 2019 was at 66 pct of the EU average in per capita GDP, rising to 70 pct in the latest 2024 data
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Trade deficit shrinks 18.3 pct YoY in Feb as imports decline
EconomyMacroeconomyGreece’s trade deficit dropped sharply by 18.3 percent year-on-year (YoY) in February, after a rise of 8.5 percent in January, according to data released by ELSTAT on Monday. The deficit came to 2.44... euros. The data for the first two months of 2025 showed that the trade deficit decreased by 5.6 percent
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Industrial production records marginal drop of 0.1 pct YoY in Feb due to electricity supply
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Wednesday. The index had been in annual growth continuously..., when it reached 55 points from 52.6 points in the previous month, according to S&P Global data. Greek
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Industrial turnover declines marginally in Feb, led by mining and local market
EconomyMacroeconomyGreece’s industrial turnover contracted in February, with a marginal drop of 0.3 percent year-on-year (YoY), from a 2.6 percent increase in January, according to data released by the Hellenic... Global data. Greek manufacturing saw strong expansion at the end of the first quarter
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Unemployment rate edges up marginally to 9 pct in Mar
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged up slightly to 9 percent in March, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday... in the 25-74 years bracket was 8.2 percent. The latest available data from the Labour Ministry’s Ergani
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Retail sales growth accelerates to 5.2 pct YoY in Feb
EconomyMacroeconomyGreece’s retail sales picked up pace with growth of 5.2 percent year-on-year (YoY) in February, after a rise of 3.1 percent in January, Hellenic Statistical Authority (ELSTAT) data showed... percent. The extreme inflationary effects that had been reflected in volume data dissipated, although
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