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May employment balance positive by 105,282 as seasonal hires pick up
EconomyMacroeconomythe Labour Ministry’s Ergani information system showed. Ergani noted that the balance for this May is the second highest positive balance on record for the month since 2001. Additionally, May’s figure..., there were 3,441 fewer hirings than firings in May 2019. Total hirings came to 323,524 versus
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Current account balance shows surplus of 300.6 mln in May
EconomyMacroeconomyGreece’s current account (C/A) balance came to a surplus of 300.6 million in May from a deficit... surplus of 0.3 million for the same month in 2018. Total exports of goods in May came to 2.97 billion euros, against 2.86 billion in May last year. Total exports of goods grew by 3.7 percent in current
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Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday. In May, the Employment Expectations Indicator... has worsened by 16.7 points. Additionally, compared to May 2019, the ESI has decreased by 13.9
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Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 49.1 percent in May... showed on Wednesday. In May 2019, the year-on-year change showed a rise of 15.2 percent. Car sales for the month came to 11,723 compared to 23,010 in May last year. Out of the total, passenger car
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Employment balance positive by 32,975 in May, aggregate figure shows 259,233 fewer jobs
EconomyMacroeconomyThe employment balance was positive with 32,975 more hirings than firings in May, data from the Labour Ministry’s Ergani information system showed. However, although the figure for May itself... hires compared to last May, in sectors closely connected to tourism which have been disproportionately
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Unemployment rate jumps to 17 pct in May
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 17 percent in May from a slightly... on Thursday. For the same time last year, the unemployment rate came to 17.2 percent. In May... guidelines. The data showed that there were 48,444 more unemployed people in May versus
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Economic sentiment rises to 108.6 pts in May; industry hits 2007 high
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose sharply in May by 10.7 points to 108.6 points, following a 1.... Meanwhile, compared to May 2020 when the ESI stood at 88.5 it has posted a significant recovery... high in economic sentiment was in February 2020 at 113.2. The EU average ESI stood at 113.9 in May
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CPI rise by 0.1 pct YoY in May, turning positive on energy base effects
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.1 percent year-on-year (YoY) in May compared... on Thursday. The average CPI for the rolling 12 months fell by 1.5 percent. Month-on-month, the CPI for May decreased by 0.4 percent compared to April. Up until May’s reading, the CPI has remained consistently
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Budget primary shows deficit of 8.17 bln in May, falling below target
EconomyMacroeconomyMinistry (MoF) budget execution bulletin for May showed on Tuesday. The primary balance was below its... euros. The monthly primary balance for May came to a deficit of 1.97 billion euros, worsening from... billion euros in May 2020. Revenues On a monthly basis, net revenues came to 3.17 billion euros
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New tax debt at 2.9 bln in May, rising by 340 mln month-on-month
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 340 million euros in May, data from... euros compared to 2.33 billion in April. The VAT collectability rate came to 85.9 percent in May... euros due. The Finance Ministry reported tax revenues of 16.9 billion euros in May, meaning that out
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