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Central gov't cash surplus rises to €3 bln in October despite drop in revenues
EconomyMacroeconomyGreece’s central government primary cash balance posted a surplus of 3 billion euros in the 10-month period from deficit of 3.42 billion last year, according to the Bank of Greece (BoG). This implies... figure of 5.1 billion. The reconciliation of the BoG primary cash surplus of 3 billion to MoF
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Industrial production drops by 3 pct in February
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) fell by 3 percent in February after rising in the preceding three months, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The February... was manufacturing production (up 3 percent) more than offsetting a drop in electricity and water supply
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General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
EconomyMacroeconomy) edged down by 3 million and came to 2.18 billion. Month-on-month falls were noted in three out... million euros. This was followed by SSFs (-8 million) and extrabudgetary funds (-3 million
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Greece draws another 3 bln from bond markets as debt strategy continues at pace
EconomyGreece completed on Wednesday its third successful market foray of the year by drawing 3 billion euros through a new 5-year bond issue. Leveraging the positive sentiment from the unexpected credit..., the new issue would settle at 3 billion euros, zero coupon and a reoffer price of 99.186 and a yield
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CPI at 3 pct in Aug, on upward trajectory for three straight months
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up further pace in August with a rise of 3 percent year-on-year (YoY), after an increase of 2.7 percent in the previous month, according... prices (HICP) increased by 3,2 percent annually in August, from 3 percent in the previous month. Month
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Economic sentiment stable in April, consumer confidence drops by another 3 pts
EconomyMacroeconomy12-month period, April’s ESI is down roughly 3 points from May 2024. The average ESI in the EU stood... in the previous month. Consumer confidence is down 3 points on a 12-month rolling basis. The Employment
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Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
EconomyMacroeconomyin December to -44.5 points, from -47.3 points in the previous month. Consumer confidence is roughly 2... confidence has risen by circa 2 points. The services index improved to 30.1 points, from 22.8 points
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Industrial production returns to growth of 2 pct in September
EconomyMacroeconomythree contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent... a drop of 2 percent, after an increase of 0.9 percent in the previous month. The annual movement... business surveys for October, industry confidence went deeper into negative territory to -4.3, from -2
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomygrowth accelerated to 2 percent year-on-year (YoY), from a 1.6 percent YoY rise in Q2. Growth over the nine months of the year averages to 2 percent, needing a slightly stronger finish in the last... pct in 2026. In its latest WEO released in October, the IMF sees growth of 2 pct in 2025 and in 2026
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Contraction in Greek credit eases slightly to 3 percent in November
EconomyMacroeconomyThe rate of drop in Greek bank credit decelerated for the second straight month in November, falling to 3 percent from 3.2 percent in October, according to the Bank of Greece (BoG). Last month’s figures were the lowest negative reading since November 2011. Balances eased for the fifth consecutive
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