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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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May cash deficit improves markedly YoY as revenues rise by 3.5 bln
EconomyMacroeconomyGreece’s central government recorded a primary cash deficit of 842 million euros in May, from... billion in May last year. The breakdown showed that in May, revenues rose by roughly 1.5 billion... euros, from 4.6 billion euros in May last year. Interest payments were broadly stable at 91 million
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Trade deficit widens in May as exports contract by 15.4 pct
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 11 percent year-on-year (YoY) in May, after a solid drop... billion euros for May. Imports totalled 7 billion euros, dropping by 13.6 percent YoY. Exports totalled 4.06 billion euros. This is a decrease of 15.4 percent compared with May 2022. In May 2022
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Industrial production growth slows to 1.4 pct annually in May, only manufacturing expands
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in May, rising by 1.4 percent year-on-year (YoY... (ELSTAT) data released on Monday. The index has been growing in all five months of 2023. Up to May... in May recorded a drop of 0.6 percent, from a decrease of 1.9 percent in the previous month
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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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