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Industrial production growth slows to 1.4 pct annually in May, only manufacturing expands
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in May, rising by 1.4 percent year-on-year (YoY... (ELSTAT) data released on Monday. The index has been growing in all five months of 2023. Up to May... in May recorded a drop of 0.6 percent, from a decrease of 1.9 percent in the previous month
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Travel balance up to May rises by 30.7 pct as arrivals soar by a third
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday. May’s balance was roughly 28 percent higher than the 1.2 billion euros registered in May 2022. The balance in May 2021 was just
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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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Newsletter 351 - 16/09/2022
that the next rise in the minimum wage would be due from May next year. Regarding the housing benefit... coalition it may lead if the centre-right party fails to get enough support in next year’s elections... spending, with officials breathing a sigh of relief that the solid economic growth, led by the bumper
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Newsletter 508 - 12/06/2026
. Investment growth was solid in Q1, up by 12.1% annually, although total gross capital formation... by ELSTAT this week. Prices in May grew by 5.2% YoY, almost unchanged from the 5.4% seen in April... - which pushed that segment up by 11.5% YoY in May - several other components are recording
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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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