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Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1.7 points in May after improving cumulatively by 2 points in the previous two months, European Commission (EC) figures showed on Tuesday. The ESI stood... in the previous two months. The year-to-date decrease stands at 8.3 points, fully attributable to a sharp
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Greek PMI rises to 49.6 in May as uncertainty continues to impact
EconomyMacroeconomyconditions. The deterioration however was slightly improved upon in May compared to previous months... the previous month despite increased operating capacity, and average lead times on inputs continued
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OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
EconomyMacroeconomy, lower than its previous forecast of 1.3 percent released in late November. However, a stronger growth of 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent. Private
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Unemployment rate falls to new five-year low of 22.5 pct in March
EconomyMacroeconomy. Compared with the previous month, the number of employed rose by 11,400 to 3.68 million, which... from the previous month to 1.07 million, representing a new low since January 2012. The labour force
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New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
EconomyMacroeconomycollectability rate edged down to 85 percent in April from 88.6 percent in the previous month. The amounts... of 479 million from the previous month. The debt pile corresponds to 52.3 percent of GDP. Efficiency
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Turnover in services sector improves slightly in Q1 2017
EconomyMacroeconomyThe majority of the turnover indices for the services sector recorded a slight improvement in the first quarter (Q1) of 2017, after dropping in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. Specifically, seven (versus 11 in the previous quarter) out
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Unemployment rate edges down to 23.3 pct in Q1
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate fell to 23.3 percent in the first quarter (Q1) of 2017 from 23.6 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures... in the previous two quarters, while its percentage out of the total fell to 69.9 percent, its lowest level
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Stocks up 3.1 pct during week to reach fresh two-year high
EconomyThe Greek equity market traded mostly in positive territory over the past few days, ending the week up 3.1 percent after edging down 0.6 percent in the previous week. The rebound largely reflected... million this week after a short-lived drop to 51 million in the previous week. Market news Following
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Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
EconomyMacroeconomypercent in the previous month and stood at 3.66 billion, which is the highest reading since February... by 2.6 percent in the previous month and landed at 3.05 billion, which is the second lowest reading so
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyThe pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending... in the previous month.The balance edged up to 13.14 billion. In contrast, deductions in the housing sector
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