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Retail sales rise by 12.3 pct YoY in Nov, but volumes barely move
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace in November, rising by 12.3 percent year-on-year... turnover. Retail sales have been growing continuously since April last year when they jumped by 39.4 percent annually. This came after sales fell continuously for nearly a year. On a monthly basis
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Car sales start 2023 with uptick of 54.6 pct
EconomyMacroeconomyby 54.6 percent year-on-year (YoY), after marginal growth in December by 1.3 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. In January 2022, the year-on-year... percent respectively. Motorcycle sales increased by 79.6 percent from a year earlier to 4,187
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Newsletter 374 - 17/03/2023
, shortly before the national elections that year. This figure is disputed by the current government... pct of GDP this year and, in line with fiscal commitments and the debt sustainability assumptions... appear to stabilise at the recent highs, moving up by just 0.4 pct year-on-year in January, from
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Import prices turn negative in Feb for first time in two years
EconomyMacroeconomyGreece’s import price index went in contraction in February, dropping by 5.6 percent year-on-year... the index dropped by 4.8 pct. After that the index expanded, until January this year. The index peaked in April last year with a 39.1 percent rise. Growth has been slowing down in since then. That said
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Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
EconomyMacroeconomyThe contraction of Greece’s import price index accelerated in March, falling by 12.7 percent year-on-year (YoY), after dropping by 5.6 percent in February, according to data released by the Hellenic... this year. The index peaked in April last year with a 39.1 percent rise. Growth has been slowing down
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EC reports highlight tight fiscal path and economic challenges
EconomyMacroeconomy. The post-enhanced surveillance report is now issued twice a year, from once per quarter during... made by the European Commission, noting the strong growth last year, but moderating this year and next to 2.4 pct this year and 1.9 pct in 2024. Investments will have a pivotal role, both public
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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
EconomyMacroeconomypct, from 1.1 pct in the January estimate. Next year’s estimate is moderately revised down to 1.6 pct, from 1.8 pct previously. The OECD notes that in the second half of last year the economy built up..., such as construction. Demand was also propped up last year by support packages to cushion the impact
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Unemployment unchanged at 11.8 pct in Q1, sharp fall in long-term jobless
EconomyMacroeconomythis year, rising to 11.8 percent, from 11.9 percent in the previous quarter, Hellenic Statistical... of long-term unemployed (more than 1 year) came to 290,200 people, representing 52.7 percent... by 29 percent year-on-year. Most of the employed are working as employees (68.8 percent), while
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Newsletter 386 - 23/06/2023
had a current account deficit of 22.65 billion euros in 2010, the year that the crisis broke out... to different attributes. The current account deficit jumped by 64 pct year-on-year (YoY) to 20.09 billion... of goods traded. Although exports had a new record year at 53.51 billion euros, up by 23 pct, imports
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Newsletter 390 - 21/07/2023
that preparation for the fire season began earlier than ever this year, in January. It also argues that more money has been made available to municipalities this year – 25 million euros compared to 18.4 million euros last year – for them to prepare for wildfires, with the focus being on clearing land
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