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Credit expansion grows by 4.5 pct in Mar, driven by corporations
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up even more pace further in March, rising by 4.5 percent year-on-year (YoY), up from 3.8 percent in February, Bank of Greece (BoG) figures released on Friday showed. At 6.3 percent, December’s 202...
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As base effect wears off, producer prices fall by just 0.1 pct in Mar
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded only a marginal contraction in March, dropping by 0.1 percent year-on-year (YoY), after falling by 4.3 percent in February, ELSTAT data showed on Tuesday. The index had been growing over a two-year period sin...
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Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate moved closer to the 10-percent mark again in March, landing at 10.2 percent, from 11.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In March last year...
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Trade deficit narrows in Mar, but exports drop by worrying 11.7 pct
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 7 percent year-on-year (YoY) in March, after a sharp rise of 34 percent year-on-year (YoY) in February, according to data released by ELSTAT on Friday. The deficit came to 2.41 billion euros for March. Imports t...
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Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) turned negative in March with a contraction of 0.6 percent year-on-year (YoY), after a significant slowdown to 1.6 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data releas...
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Import price index up by 1.3 pct YoY in Mar for first rise in 13 months
EconomyMacroeconomyGreece’s import price index resumed growth in March, rising by 1.3 percent year-on-year (YoY), after dropping by 2.8 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The consecutive negative read...
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Industrial turnover back in contraction again in Mar, falling by 6 pct YoY
EconomyMacroeconomyGreece’s industrial turnover fell sharply in March, dropping by 6 percent year-on-year (YoY) from a 3 percent increase in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. Industrial turnover resumed its cont...
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Fuel and food trigger retail sales jump of 10.9 pct in Mar
EconomyMacroeconomyGreece’s retail sales rebounded strongly in March, with a jump of 10.9 percent year-on-year (YoY), after a downward revised decline of 3.5 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index...
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Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
EconomyMacroeconomyThe strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The...
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Economic sentiment improves in Mar, consumer confidence and retail deteriorate
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in March to 107.7 points, from 106.9 in the previous month, according to European Commission figures released on Friday. Over the rolling 12-month period, March’s ESI is down 0.6 points from April 2024. The ave...
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