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VAT and income tax drive budget performance in Jun, interest bill above target by 741 mln
EconomyMacroeconomyThe budget primary balance in June was confirmed to be a surplus of 2.12 billion euros, compared to a deficit of 3.43 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In th...
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Growth in credit expansion slows further to 2.8 pct in Jun
EconomyMacroeconomyThe pace of credit movement in the Greek private sector continued to slow in June, rising by 2.8 percent year-on-year (YoY), from 3.1 percent in May, Bank of Greece (BoG) figures released on Wednesday showed. Last December’s growth was the highest since...
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Deposits jump to highest since 2011 in Jun as corporate savings record significant rise
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system jumped by 3 billion euros in June, from a positive flow of 794 million euros in May, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in June wa...
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Building activity continues to grow, rising by 13 pct YoY in Jun
EconomyMacroeconomyBuilding permits recorded solid growth in June, rising by 13 percent year-on-year (YoY), after a rise of 15.8 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. Permits have been growing annually this...
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Annual contraction of import prices slows in Sep, index growing MoM since Jun
EconomyMacroeconomyGreece’s import price index continued to contract in September but at a considerably slower rate compared to recent lows as it fell by 9.2 percent year-on-year (YoY), after dropping by 14.6 percent in August, according to data released by the Hellenic S...
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Primary surplus reaches 2.91 bln in Jun as VAT and corporate tax lead revenue outperformance
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 2.91 billion euros in June, compared to a surplus of 2.12 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday. Up...
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Manufacturing leads industrial turnover rise of 4.7 pct YoY in Jun
EconomyMacroeconomyGreece’s industrial turnover picked up pace in June, rising by 6.1 percent year-on-year (YoY) from a 4.7 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. On a rolling 12-month basis, the indu...
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
EconomyMacroeconomyVehicles going into circulation for the first time rose by 13.4 percent year-on-year (YoY) in June, after an increase of 16.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In June 2024, licences had increa...
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Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
EconomyMacroeconomyThe credit expansion in the Greek private sector remained solid in June, rising by 10.2 percent year-on-year (YoY), from 11.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed. The net lending flow was positive by 2.3...
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared to a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday...
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