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Unemployment at 7.9 pct in May, lowest since Nov 2008
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 7.9 percent in May, from 8.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In May... available data from the Labour Ministry’s Ergani database showed that Greece’s employment balance
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Trade deficit falls sharply in May, at 13.41 bln in 5M
EconomyMacroeconomyGreece’s trade deficit dropped sharply by 31.6 percent year-on-year (YoY) in May, after a 6.9 percent drop in April, according to data released by ELSTAT on Tuesday. The deficit came to 2.29 billion..., to 2.54 billion euros. The data for the first five months of 2025 showed that the trade deficit
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyAuthority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since... data. The manufacturing sector continued to expand in June mostly thanks to domestic business
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
EconomyMacroeconomyGreece’s industrial turnover turned positive in May, with a rise of 2.6 percent year-on-year (YoY), from a 9.2 percent decrease in April, according to data released by the Hellenic Statistical..., according to S&P Global data. The manufacturing sector continued to expand in June mostly thanks to domestic
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PMI falls to 51.7 in July, level of optimism drops to lowest in a year
EconomyMacroeconomyGreece’s manufacturing PMI dropped significantly in July to 51.7 points, from 53.1 points in the previous month, S&P Global data showed on Friday. The latest data reflects a downturn in growth seen in softer expansions of output, new orders and employment. Greek manufacturing growth slowed
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Trade deficit rises sharply in June as exports continue to fall
EconomyMacroeconomyGreece’s trade deficit rose sharply by 33.2 percent year-on-year (YoY) in June, after a 31.6 percent drop in May, according to data released by ELSTAT on Thursday. The deficit came to 3.14 billion..., to 2.62 billion euros. The data for the first half of 2025 showed that the trade deficit decreased by 1.3
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Government’s effort to revive economic success story narrative heavily reliant on RRF execution
PoliticsGreek Politicsargued that ELSTAT data suggests the number of trips being made by Greeks and the total number... interpretation, pointing for instance at Eurostat survey data published earlier this summer that showed 46
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PMI improves significantly in Aug, despite exports orders falling for four straight months
EconomyMacroeconomyGreece’s manufacturing PMI improved significantly in August to 54.5 points, from 51.7 points in the previous month, S&P Global data showed on Monday. This is the strongest improvement in the sector... in a year. “August PMI data signalled a stronger performance across the Greek manufacturing sector
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Newsletter 474 - 05/09/2025
of unfulfilled promises under the centre-right government. Eurostat data published throughout... pct which leads to a significant drop of almost nine points. Although the data is accurate
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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
EconomyMacroeconomyGreece’s trade deficit rose by 4 percent year-on-year (YoY) in June, significantly slowing from the 33.6 percent jump in June, according to data released by ELSTAT on Friday. The deficit came to 2.92..., to 2.64 billion euros. The data for the first seven months of 2025 showed that the trade deficit
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