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Newsletter 359 - 18/11/2022
PoliticsGovt advances law change as shield against surveillance claimsThere was no let-up this week... contract to which EYP signed up. Mitsotakis and other administration officials have insisted... that the authorities will see some more fiscal space building up by the end of the year and that should bring along
7% -
Growth of industrial turnover slows in Nov, drops by 1.4 pct MoM
EconomyMacroeconomy, led by a 18.1 percent rise in manufacturing revenue, with the mining and quarrying index also up..., while the non-domestic market was up by 12.4 percent. In the domestic market, the rise in October... and quarrying up by 31.7 percent. Monthly, the domestic market was up by 0.3 percent while the foreign markets
7% -
Economic sentiment improves for fourth straight month in Feb
EconomyMacroeconomyto 118.7 points. The EEI is up by 9 points in the rolling 12-month period. Industry confidence... stayed unchanged at 14.7 points, with a negligible drop. Services confidence is now down by almost 17 points compared to March 2022. Retail trade posted gains in February, up by 6 points to 23.8. up 20
7% -
Import prices turn negative in Feb for first time in two years
EconomyMacroeconomy, in February of 2022 the index had already started posting strong rises, being up by 27.2 percent. Month-on-month, the index posted a drop of 3.4 percent, after falling by 0.8 percent in the previous... by refined oil products falling by 9.5 percent. Machinery manufacture was up by 1.4 percent. The monthly
7% -
Industrial turnover growth slows to 6.7 pct in Feb
EconomyMacroeconomyon record, after a 53 percent increase in April. Manufacturing revenue was up by 6.5 percent...-domestic market was up by 9.8 percent. In the domestic market, the rise in January was led by a 4.7... by 3.8 percent, led by increases of 3.5 percent in manufacturing and mining and quarrying up by 50.8
7% -
NBG NII jumps 73 pct in Q1 to 497 mln
EconomyBankingto a profit of 360 million euros in 2022, a drop of 28 percent. Last year included one-off gains of 152 million euros, with core profit after tax in Q1 at 228 million euros, up 88 million euros in Q1 2022. Pre-provision income (PPI) stood at 433 million euros in Q1 2023, up by 44 percent on the 301
7% -
Producer prices record back-to-back decline in Apr as energy falls by 24.4 pct YoY
EconomyMacroeconomyon Tuesday. The index was in negative territory for most of 2020 and up to March 2021, when it grew...), the index decreased by 0.3 percent, after a drop of 5.8 percent in the previous month. This is three continuous monthly contractions. The index over the rolling 12-month period is up by 19.2 percent
7% -
GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP moved up by 1.3 percent quarter-on-quarter (QoQ) in Q2, from... decreased by 1.2 percent and imports increased by 1 percent. The export drop was led by a decrease... by 7.9 percent. Household spending was up by 3.2 percent YoY, while government spending was down
7% -
Economic sentiment continues slide in Oct, consumer confidence low
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued its slide with a drop of 1.3 points to 106.4, after... period, the ESI in October was nearly 5 points up from the 101.7 points of November 2022. The EU average ESI stood at 93.1 points in October, up from 92.9 points of the previous month. The euro area
7% -
Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
EconomyMacroeconomyMinistry. Private consumption growth is seen at 1.6 pct, up from 1.3 pct in the 2024 budget, investments... pct in the budget. For 2025, growth is seen broadly stable at 2.6 pct, with private spending up by 1.6 pct, another ambitious estimate of investments of 14.4 pct, exports up by 4.9 pct and imports
7%