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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeatureswas a roughly 25 percent rise in unemployment in tandem with a 27 percent drop in GDP. The study, titled... due to a cumulative 21.8 percent drop in wages across the six years, but also due to an increase... by more than a third, the drop in the price index did not exceed 2.7 percent. In the wider manufacturing
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Consumer price index turns positive in February with 0.1 pct rise
EconomyMacroeconomy, education and hotels and restaurants. These were partially offset by prices drop in various food... and recreation. The month-on-month drop of 0.1 percent is attributed to price drops noted in alcohol and tobacco, clothing and footwear by 5.4 percent due to the winter sales, a price drop in heating
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Turnover in services sector shows improvements in Q4 2017
EconomyMacroeconomyrate of growth was noted in telecommunications (+5.3 percent). Five of the 15 services posted a drop... that the largest drop since Q4 2012 came from management and consultancy activities (-43.5 percent... in December showed that the index declined by 0.2 points to 13.4, the third consecutive drop. Across
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Newsletter 166 -15/06/2018
in Q1 Latest quarter’s decline is the lowest contraction on record The drop in the nominal value... from a revised drop of 0.4 percent in Q4 2017, Bank of Greece (BoG) data showed this week. The latest figure marks three continuous quarters during which the drop in apartment prices has remained
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Building permits up by 4.4 pct in May and 5.3 pct in first five months
EconomyMacroeconomyquarter of the year after a drop of 0.2 percent in Q1. The latest figure marks the first increase... drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator
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AgoraGDP in 2017 was close to 64 billion lower than the pre-crisis levels. This drop of 25 percent..., a drop of close to 70 percent. The rebound over the last couple of years simply underlines how... drop. The index of wages in the middle of 2015 was almost 30 percent lower than the first quarter
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Building permits rise by 16.2 pct in June and 7.5 pct in first half of year
EconomyMacroeconomyafter a drop of 0.2 percent in Q1. The latest figure marks the first increase in apartment prices since Q4 2008. For 2017 as a whole, the decline in property prices came to an average drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator for August
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomy, when it is expected to drop marginally to 3 percent. In the previous FM, the primary surplus... percent of GDP. In 2019, revenues will drop to 47.1 percent as the denominator stops being so depressed... on the other hand, will stay broadly unchanged at 48.1 percent of GDP in 2018 and drop by 1 percentage point
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Newsletter 187 -14/12/2018
arrears) rose by 9 million and came to 2.62 billion euros after a drop of 416 million..., with January’s drop being the first negative reading since November 2016. The average CPI.... November’s figure was driven by a drop of 859 million in Emergency Liquidity Assistance (ELA) funding
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CPI remains static in July
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained static in July following a drop of 0.3 percent in June... percent drop in the price of household equipment, mainly led by a fall in the price of furniture, household appliances and textiles. This was followed by a 1.7 percent drop in recreation and culture, a 1.1
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