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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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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyis attributed to a significant drop in the net oil import bill, while net payments for purchases of ships... showed a surplus of 1.66 billion up by 52.2 percent on the 2013 item of 1.09 billion. The significant... as a drop in non residents’ holdings of Greek government bonds and T-Bills. For the full year, the net
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Building activity rises again in March as permits increase by 19.1 pct
EconomyMacroeconomyto February, surface and volume posted a much higher growth, up by 32.2 and 33.1 percent respectively... that prevailed in the prior period, the run rate over the trailing twelve months still displays a drop... Aegean (+35.3 percent). On the flipside, Ipeiros was the only region recording a drop by 11.6 percent
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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomybillion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows..., the trend is completely reversed with trade deficit up by 7 percent, reflecting an increase in both
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