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  1. Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent. The profit was adjusted by normalising other... and restructuring costs. Net profit was 684 million euros vs. 940.7 million euros in 2022, a drop of 27.3

    2%

  2. Unemployment rate hits 11.1 pct in June as recovery loses steam
    Photo by MacroPolis

    EconomyMacroeconomy

    , amounting to 523,409, a drop of over 10 percent. Unemployment is now approaching the half million-mark..., a drop of just 0.2 pps year-on-year. Youth unemployment dropped by 8 pps year-on-year to 23.6 percent

    2%

  3. CPI resumes upward trajectory in July, food inflation at 12.3 pct
    Photo via Flickr https://flic.kr/p/6KMfsR

    EconomyMacroeconomy

    by 5.2 percent and health increased by 7.8 percent. These were partially offset by a sizable drop... there was a notable drop in electricity that was down 16.2 percent annually, while natural gas also

    2%

  4. Industrial production drops for first time in 2023, down 3.6 pct in June
    Image via www.viohalco.com

    EconomyMacroeconomy

    ), the seasonally adjusted index in June recorded a drop of 1.5 percent, after a contraction of 0.6 percent... percent and 0.6 percent in manufacturing. The manufacturing index drop was in coke and refined

    2%

  5. Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble

    EconomyMacroeconomy

    unchanged at 115.3 points in August, after a sharp drop of more than 8 points in July. The EEI is up... a 6.6-point drop to 38.4, after an 8.4-point rise in July. Services confidence is now 4.5 points

    2%

  6. CPI maintains upwards trend with 2.7 pct rise in Aug, food inflation at 10.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    drops, rising by 1.6 percent. These were partially offset by a sizable drop of 12.6 percent in housing... down by 3.1 percent. In August there was a notable drop in electricity that was down 6.5 percent

    2%

  7. Credit net flows remain negative in Aug, growth at just 0.9 pct YoY
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    in August, after a 1.4 billion euros drop in July, with back-to-back net contraction... lending balance’s net monthly flow was negative by 319 million euros, after a drop of 1.18 billion euros

    2%

  8. Consumer confidence takes 10-point dive in September
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points, after a 0.7-point increase in August, according to European Commission figures released on Thursday... unchanged at 36.8 points, after a sharp drop of 6 points in the previous month. Services confidence

    2%

  9. Unemployment rate remains lodged near 11 pct after no change in Aug
    Photo by MacroPolis

    EconomyMacroeconomy

    , amounting to 512,193, a drop of 12.2 percent. Unemployment is now approaching the half million-mark..., a drop of 0.9 pps year-on-year. Youth unemployment dropped by over 7 pps year-on-year to 22.5

    2%

  10. IMF forecasts high primary surpluses, tempers growth expectations
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    . The unemployment rate is expected to drop below 10 pct by next year, reaching 9.3 pct from 10.8... of GDP. According to the forecasts, the general deficit will drop below 1 pct of GDP next year

    2%