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PMI improves in May but points to further deterioration in manufacturing
EconomyMacroeconomyGreece’s Manufacturing PMI improved by 1.5 points in May, rising to 48 from 46.5 in April... showed that the drop in May’s incoming new work was largely attributed to uncertainty and adverse... for the second straight month in May mainly reflecting the lack of pressure on resources. The rate
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Greek CPI falls by 2.1 pct in May, same as April
EconomyMacroeconomyThe rate of drop in the Greek consumer price index (CPI) was unchanged in May, when it remained... (ELSTAT). The May headline figure is the sixth successive negative reading above the 2-percent mark. In contrast, the harmonised index of consumer prices (HICP) further declined by 1.4 percent in May
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Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
EconomyMacroeconomyThe employment balance displayed net hirings of 76,591 in May 2016, down by 9,555 compared... straight month, while is the second highest May reading for since 2001. The breakdown showed that gross hirings of 230,965 in May were only partly offset by a total of 154,374 departures
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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... at 93.2 in May, which is the lowest reading since February, representing a year-to-date deterioration of 1.9 points. Consumer confidence rebounded by 2.5 points in May for the second straight month
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Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday. May’s reading is the second consecutive reading... decreased by 2.2 points to -51 in May compared to -48.8 in April. Year-on-year, consumer confidence has
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Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
EconomyMacroeconomy, the Finance Ministry (MoF) preliminary budget execution bulletin for May showed on Thursday. Last... million noted in April. The balance for May last year landed on a surplus of 114 million. The budget... and above target by 176 million euros. May’s figures represent the first time this year
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May budget primary surplus confirmed at 1.53 bln as revenues rise, PIB spending falls
EconomyMacroeconomymonths of 2018, the Finance Ministry (MoF) final budget execution bulletin for May showed on Monday. Last... of 80 million noted in April. The balance for May last year landed on a surplus of 114 million..., increasing from the figure of 35 million in April and above target by 176 million euros. May’s figures
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Trade deficit down by 15.8 pct in May on reduced imports, higher exports
EconomyMacroeconomyGreece’s trade deficit fell by 15.8 percent in May, picking up pace from April’s drop of 4.6.... The deficit stood at 1.47 billion euros for the month. May's decline marks the fifth consecutive fall in the year so far. Export growth continued to lead the way for the reduction of the deficit. Exports in May
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Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
EconomyMacroeconomyGreece’s travel balance rose sharply by 38.2 percent in May, recovering strongly from April’s... in the EU28 increased in May by close to 54 percent and came to 1.12 billion euros, whereas outside... to travel revenue from the EU as the intake jumped by 66 percent compared to May last year, reaching 769
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PMI eases to 54.2 in May as exports continue to rise
EconomyMacroeconomyGreece’s manufacturing PMI dropped to 54.2 points in May from 56.6 points in April, according... indicated a strong expansion in new business in May, Markit said. Export orders continued to increase for a twentieth consecutive month. As inflation eased in May, the rate of increase in output
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