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Big drops of 9.3 and 17.5 pct for turnover and new orders in October
Economy. It is also noteworthy that on a twelve-month trailing basis both indices are recording a drop of 4.2 and 6.7...-digit drop (down 23.6 percent and 12.8 percent respectively). A similar pattern was broadly evident... positive trend of the preceding three months. October’s performance reflects a substantial drop
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
Economya 2.5 percent drop in March. However, the four-month figure rose 3.2 percent to 14.75 billion... figure up 179 percent to 906 million, 431 million above target. This year’s growth mainly reflects... percent in April, after stalling in March, resulting in a 9.6 percent drop in the four-month figure
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May sees 48.7 pct rise in number of new cars in circulation
EconomyMacroeconomy, and also reflects a low base effect. The strong performance in May led the 5-month figure up 24.7 percent compared to a 7.1 percent drop recorded last year. In addition, the 12-month trailing index... of the preceding three years. Car registrations recorded a cumulative drop of 78 percent since 2008
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Industrial production rises again in May, by 1.8 pct, after two months of decline
EconomyMacroeconomydrop of 0.3 percent to April to a marginal rise of 0.2 percent to May. Similarly to the monthly trend... by manufacturing production (up 0.3 percent). In contrast, water supply production recorded a 5-month drop of 2.5 percent with electricity production slightly slipping by 0.5 percent. The main industrial
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyfrom the 16 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT... the highest drop, at -47.6 and -40.3 percent respectively. In contrast, the rate of decline in building... than the country average. The Attica prefecture (Athens, Piraeus and suburbs) is making up 21 percent
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyby a drop in the income deficit by 151 million and a rise in the current transfers’ surplus by 138... and exports, up by 25.1 and 28.8 percent respectively. According to the BoG, the higher net payments... a rise in non-residents’ arrivals by 13.7 percent. Following the strong performance in June, the drop
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Greek unemployment rate hovers at 27 pct in June
EconomyMacroeconomyof employed and a 0.3 percent drop in the number of unemployed. Employment showed an improving trend... returned to negative territory with a marginal 0.1 percent drop. The YoY rate for unemployed displayed.... However, the aggregate fall since June 2009 amounted to 1.05 million corresponding to a drop of 23
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Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
EconomyMacroeconomyFollowing a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion... the upward movement in October, the year to date drop in Eurosystem funding reached 29.16 billion... to the elimination of ELA funding. The recorded drop of Greek banks' central bank funding so far
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Target revisions leave 880 mln budget shortfall in Oct despite 2.6 bln primary surplus
Economyfollowing the significant drop of 24.7 percent in October. This was mainly due to income tax (down 27.3 percent) mitigated by a rise in property taxes (up 17.3 percent). Lower income tax is most likely... and 3 percent in the 10-month period to 18.86 billion reflecting a drop in VAT and consumption taxes
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomyAuthority (ELSTAT). The drop in Q3 also reflects the seasonal positive impact from tourism... drop in the number of unemployed to 1.23 million coupled with a 1.5 percent increase in the number... up to 1.2 pp with the unemployment rate landing at 24.7 and 18.5 percent respectively. After a short
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