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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomyAfter rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May... billion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows
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Industrial production down by 4 pct in May after three successive rises
EconomyMacroeconomypercent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT). The May headline figure indicates the second negative reading so far... a drop in May with the biggest in mining and quarrying production (-15 percent) followed by electricity
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomyGreece's travel receipts continued heading north at a double-digit rate in May, when they rose by 17 percent in May from 16.3 percent in April, according to the Bank of Greece (BoG). The absolute figures showed travel receipts stood at 1.22 billion euros this May from 1.04 billion last year, while
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT). The May headline figure indicates... months, since January 2014. Retail volume also rebounded by 4.2 percent in May, after declining
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CPI falls at decelerating pace of 0.9 pct in May
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) fell at a slower pace of 0.9 percent in May from a drop of 1.3 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The May headline... trend, easing by 0.2 percent in May after a 0.4 percent decrease in April. ELSTAT figures also showed
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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomyGreek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April... in May, which is the second highest figure in the course of this year, and largely reflect a negative... in May following a positive flow in the preceding two months. Since the beginning of the year
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New tax arrears climb by 1.25 bln in May, total stock rises to 89 bln
EconomyGreece’s new unpaid taxes rose by a notable 1.25 billion euros in May, which is a much faster pace... Systems (GSIS) data showed on Tuesday. The headline figure for May represents the highest monthly rise...) eased by 254 million euros to 83.31 billion in May largely due to revenue collection. The breakdown
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped... funding landed at 56.92 billion at the end of May, which remains the lowest reading since December... to the conclusion of the second programme review. The lower dependence on ELA funding in May was largely
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Deposit flow in positive territory at 638 mln in May
EconomyMacroeconomyThe deposit flow in the Greek banking system turned positive in May, with inflows of 638 million... deposit balance increased to 119.41 billion in May. The breakdown showed that sight and time deposits.... The positive flow in May stems from non-financial corporations and insurance companies’ inflows
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May retail sales show slight rise of 0.4 pct, volume increases 0.3 pct
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased marginally by 0.4 percent in May after...) on Monday. The May headline figure is the eighth positive reading in the last nine months, albeit slowing from the growth seen in April. The corresponding volume rose by 0.3 percent in May after
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