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  1. Current account deficit deepens in Mar, reaching 6.45 bln for Q1
    By Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    billion euros, compared to a deficit of 2.16 billion euros in the same month last year. Total imports came to 6.98 billion euros, from 5.46 billion last year. At the same time, total exports came... was a deficit of 364.8 million euros, from 348.6 million euros last year. The balance of goods

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  2. Retail sales up by 20.2 pct YoY in Mar, effects of inflation emerge in volume data
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The growth in Greece’s retail sales accelerated to 20.2 percent year-on-year (YoY) in March, after... into the new year in 2021, so the annual growth captures the base effect of restrictions imposed in the previous year and a much-subdued retail season, even during the annual sales and leading up to Easter

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  3. Travel balance back to normal, but Apr C/A deficit of 1.62 bln impacted by goods deficit
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    came to 2.95 billion euros, compared to a deficit of 1.96 billion euros in the same month last year. Total imports came to 6.98 billion euros, from 5.07 billion last year. At the same time, total... as the oil balance reached a deficit of 901.9 million euros, from 437.6 million euros last year

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  4. As restrictions drop away, Apr travel balance beats even pre-Covid levels
    Photo by MacroPolis

    EconomyMacroeconomy

    to 647 million euros for the month, more than ten times higher year-on-year, from 58.8 million euros... effect of April last year when travel was limited and activity in the tourism sector constrained due... 107,300 last year and 982,100 in April 2019. The average expenditure per trip increased by 7.7 percent

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  5. Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    also had a solid positive balance of 124,365 more hirings than departures. The balance in May last year was positive by 95,166, meaning there was a rise of 4,790 job openings year-on-year (YoY), while.... It is also the fourth straight month this year of positive balance, after opening negative in January. Total

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  6. Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    The growth in Greece’s retail sales maintained a solid pace of 18.8 percent year-on-year (YoY.... Greece’s second lockdown was introduced in November 2020 and ran into the new year in 2021, so... and leading up to Easter last year. On a monthly basis, the seasonally adjusted index increased

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  7. Relief measures being lined up, but PM's eye also on reforms rollout

    PoliticsGreek Politics

    keen to promote his administration’s reformist credentials between now and the end of the year.... The government is certain to unveil a heating oil subsidy scheme, which is rolled out every year anyway but will probably be broader in scope this year. Speculation that the conservatives will also offer

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  8. Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    , compared to a deficit of 1.82 billion euros in the same month last year. Total imports came to 7.95 billion euros, from 4.97 billion last year. At the same time, total exports came to 4.71 billion... a deficit of 748 million euros, from 157.6 million euros last year. The balance of goods excluding oil

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  9. Jan-May travel balance of 1.78 bln beats same period in 2019
    Photo by MacroPolis

    EconomyMacroeconomy

    euros in 2021, roughly seven times higher year-on-year. Travel payments rose by 184.7 percent to 220.7 million euros. All data captures the low base effect of May last year, when travel was limited... rose sharply annually, reaching 2.21 million travellers, from just 285,400 last year and 2.39

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  10. Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent year-on-year (YoY) from a solid 18.8 percent in April, Hellenic Statistical Authority (ELSTAT... sales and leading up to Easter last year. On a monthly basis, the seasonally adjusted index decreased... and the inflation wave. Retail sales have been growing continuously since April last year, when

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