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Newsletter 385 - 16/06/2023
, even the nominal average wage in Greece is roughly 2 pct lower than it was 2010 and half a percent
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Wage rises become top issue but trajectory lined with obstacles
EconomyMacroeconomythe nominal average wage in Greece is roughly 2 pct lower than it was 2010 and half a percent lower
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Mitsotakis names extensive cabinet with dose of renewal
PoliticsGreek Politicscrisis. Hatzidakis will be tasked with producing a budget primary surplus of at least 2 pct of GDP
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Economic sentiment approaches pre-Ukraine war high, consumer confidence highest since 2021
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a solid rise of almost 2 points in June, after a minor 0.6-point drop in May, according to European Commission figures released on Thursday. Sentiment has been improving in six of the last eight months and is now at the highest since early 2022 and not far
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Retail sales rise by 1.5 pct in Apr, food volumes down by 4.2 pct
EconomyMacroeconomy(ESI) recorded a solid rise of almost 2 points in June, after a minor 0.6-point drop in May.
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Producer Price Index contracts for third consecutive month, down 12.9 pct in May
EconomyMacroeconomywere down by 24.1 percent YoY, intermediate goods increased by 2 percent, capital goods were down
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CPI drops in Jun on back of lower energy costs, but food prices continue to climb
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) dropped below the ECB’s target of 2 pct in June, with a reading of 1.8 percent year-on-year (YoY), after growing by 2.8 percent in May, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Vehicle sales up 10.8 pct YoY in Jun, rising by 13.2 pct in H1
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time accelerated further in June, rising by 9.2 percent year-on-year (YoY), from 5.6 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In June 2022, the year-on-year change was a 2 percent rise
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyexpenditure and purchase of fixed assets by a combined 2 billion euros. Interest payments came to 4.59
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Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
EconomyMacroeconomyof almost 2 points in June, after a minor 0.6-point drop in May. Sentiment has been improving
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