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Strong tax performance and underspend push primary surplus up to 3.15 bln in May
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.15 billion euros in May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. Up to May, the primary... euros. The budget balance up to May showed a deficit of 580 million euros, from a 1.12-billion-euro
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VAT and income tax takings plus 721 mln underspend lead to 3.2 bln primary surplus in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.2 billion euros in May, compared... (MoF) budget execution data released on Tuesday. In May, the budget primary balance outperformed... to 19.88 billion euros. Net revenues came to 26.88 billion euros. The total budget balance for May
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Unemployment at 7.9 pct in May, lowest since Nov 2008
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 7.9 percent in May, from 8.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In May... percent unemployment rate in May 2008. Year-on-year, the number of employed people increased
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Unemployment slides to 8.1% in May as male and youth rates improve
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 8.1 percent in May, from... on Wednesday. In May last year, the unemployment rate was 8.7 percent. The current levels are Greece’s... in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number
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First positive reading for building activity in 6 months after 1.2 pct rise in May
EconomyMacroeconomyThe number of building permits issued in Greece rose by a modest 1.2 percent in May, after... in May surface and volume was more pronounced at 10.2 percent. This is the first positive reading... in May, the 5-month figure of building permits showed a drop of 22.6 percent, slower than the 27.8
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May sees 48.7 pct rise in number of new cars in circulation
EconomyMacroeconomy) accelerated to 48.7 percent in May from 9.1 percent in April, according to the Hellenic Statistical..., and also reflects a low base effect. The strong performance in May led the 5-month figure up 24.7... percent in May and 25.1 percent in the 5-month period. More than half of the first-time circulated road
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyin May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank... rose to 963 million euros in May from 674 million in April. The monthly figure is the highest over... in May from 182 million in April. Housing loan balances eased 3.2 percent to 70.72 billion on stable
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Exports continued their decline, down by 8.3 pct in May
Economyin May, following a steeper drop of 20.8 percent posted in April, according to the flash estimates... indicates a 6.5 percent decline over the past 12 months. Imports resumed an upward trend in May rising... figure excluding the impact of oil products recorded a 1.5 percent rise in May. This is mainly
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Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
EconomyMacroeconomyin May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. The monthly evolution shows... and footwear prices. The latter’s performance in June reversed the 8.9 percent drop posted in May, which reflected the (second) interim sales period introduced in the first ten days of May. Thus, after
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Industrial production rises again in May, by 1.8 pct, after two months of decline
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) rose 1.8 percent in May, following drops of 2.1 and 2.3... marginally by 0.1 percent. May’s performance led the year to date change, reversing the previous drop of 0.3 percent to April to a marginal rise of 0.2 percent to May. Similarly to the monthly trend
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