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Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
EconomyMacroeconomyGreece’s industrial turnover went deeper into negative territory in May, contracting by 13.6... also been recording much more modest growth rates in recent months. In May last year, with growth... percent, while the non-domestic market was down by 23.6 percent. In the domestic market, the rise in May
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Travel balance up to May rises by 30.7 pct as arrivals soar by a third
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday. May’s balance was roughly 28 percent higher than the 1.2 billion euros registered in May 2022. The balance in May 2021 was just
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Strong tax performance and underspend push primary surplus up to 3.15 bln in May
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.15 billion euros in May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. Up to May, the primary... euros. The budget balance up to May showed a deficit of 580 million euros, from a 1.12-billion-euro
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VAT and income tax takings plus 721 mln underspend lead to 3.2 bln primary surplus in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.2 billion euros in May, compared... (MoF) budget execution data released on Tuesday. In May, the budget primary balance outperformed... to 19.88 billion euros. Net revenues came to 26.88 billion euros. The total budget balance for May
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Unemployment at 7.9 pct in May, lowest since Nov 2008
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 7.9 percent in May, from 8.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In May... percent unemployment rate in May 2008. Year-on-year, the number of employed people increased
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Unemployment slides to 8.1% in May as male and youth rates improve
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 8.1 percent in May, from... on Wednesday. In May last year, the unemployment rate was 8.7 percent. The current levels are Greece’s... in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number
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Greek gov't and Parliament on hold, waiting for cabinet reshuffle
PoliticsGreek Politicsthe May 25 European Parliament elections but it certainly appears that a number of key tasks have... is likely – although not certain – to be replaced. Following the disappointing May 25 election results... to resign. His removal would be controversial and may create friction between the government
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First positive reading for building activity in 6 months after 1.2 pct rise in May
EconomyMacroeconomyThe number of building permits issued in Greece rose by a modest 1.2 percent in May, after... in May surface and volume was more pronounced at 10.2 percent. This is the first positive reading... in May, the 5-month figure of building permits showed a drop of 22.6 percent, slower than the 27.8
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May sees 48.7 pct rise in number of new cars in circulation
EconomyMacroeconomy) accelerated to 48.7 percent in May from 9.1 percent in April, according to the Hellenic Statistical..., and also reflects a low base effect. The strong performance in May led the 5-month figure up 24.7... percent in May and 25.1 percent in the 5-month period. More than half of the first-time circulated road
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyin May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank... rose to 963 million euros in May from 674 million in April. The monthly figure is the highest over... in May from 182 million in April. Housing loan balances eased 3.2 percent to 70.72 billion on stable
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