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  1. Report sees fall in salary earners, big rise in part-time work during crisis
    Photo by MacroPolis

    Economy

    million between 2010 and 2014. Almost two-thirds of that drop consists of male workers... for those with a permanent job. In addition, the drop in the private sector reached 16.8 percent... a rise in part-time employees with flexible employment making up more than half of total new hirings from

    9%

  2. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    by 2.4 percent to 3.63 million coupled with a drop in the jobless figure by 7.8 percent to 1.18... than that of males. The respective breakdown by age group showed the biggest YoY drop was posted... percent. After a short-lived drop in Q1, the percentage of ‘new’ unemployed (i.e. those looking

    9%

  3. Major fall of 31.6 pct for building activity in July

    EconomyMacroeconomy

    and volume strongly rebounded by 58.2 and 275 percent respectively in July, following a drop in June... posted a much stronger growth, up by 17.2 and 55 percent respectively, according to ELSTAT. Similarly, the run rate over the trailing twelve months shows a drop of 8.2 percent in permits, while surface

    9%

  4. Eurosystem funding down by 2 bln in Oct for fourth straight fall

    EconomyMacroeconomy

    , when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG... billion. This represents the second consecutive drop and reflects the return of Greek banks’ repos... will increase their EFSF holdings. At the same time, the ELA funding of Greek banks edged up by 0.41

    9%

  5. Deflation slows to 0.7 pct in Nov

    EconomyMacroeconomy

    a marginal rise by 0.1 percent. The drop in the November CPI is largely attributed to a decline...-on-month CPI fall, the November decline of 0.8 percent is mostly due to a drop in clothing... of November. All other groups of goods and services recorded a monthly change up to 0.6 percent. Greece has

    9%

  6. General government primary cash surplus widens notably to 5.14 bln at end of Nov
    Photo by MacroPolis

    EconomyMacroeconomy

    for the second time this year. The year to date result for the social security funds stems from a drop in their revenues by 6.5 percent to 31.56 billion euros. There was a smaller drop in expenditure... arrears at 553 million up by almost 400 million year to date. Local governments’ and extrabudgetary

    9%

  7. Fall in industrial turnover slows to 1.8 pct in December

    EconomyMacroeconomy

    The drop in Greece’s Turnover Index in Industry markedly slowed to 1.8 percent in December from a revised 10.2 percent drop in November, Hellenic Statistical Authority (ELSTAT) figures displayed... percent, yet it makes up just a fraction of the overall index. The industrial turnover

    9%

  8. Apartment prices fall at slightly slower pace of 5 percent in Q1

    EconomyMacroeconomy

    The drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when... since Q2 2011. Prices of new apartments (up to 5 years old) fell by 0.5 percent QoQ and 5.6 percent... percent. Over this 7-year period the biggest drop of 11.7 percent was posted in 2012 and the lowest

    9%

  9. CPI falls at decelerating pace of 0.9 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Τhe Greek Consumer Price Index (CPI) fell at a slower pace of 0.9 percent in May from a drop of 1.3... the change in the core index was zero in May, resulting from a 1.8 percent drop in the goods’ index... month, CPI fell by 0.4 percent, largely due to a drop in clothing and footwear prices by 9 percent

    9%

  10. Trade deficit climbs for second straight month in May, rising by 12.5 pct
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    far this year and reflects a 12.4 percent drop in exports, while imports also retreated by 3.3 percent. It is worth pointing out that exports fell for the 13th successive month, while the drop rate... exports to the EU edged up by 0.7 percent. Moreover, imports from non-EU countries decreased by 6.1

    9%