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Newsletter 342 - 17/06/2022
surveillance finish line, subject to completing a list of 22 outstanding reforms by the end of the year... will come once the reforms are delivered later in the year. After 12 years during which there were... surpluses of more than 2 pct of GDP from next year and for a period of four decades, although
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May cash deficit improves markedly YoY as revenues rise by 3.5 bln
EconomyMacroeconomybillion in May last year. The breakdown showed that in May, revenues rose by roughly 1.5 billion euros year-on-year (YoY) to 4.31 billion euros. Expenditure was up by 350 million euros to 4.93 billion euros, from 4.6 billion euros in May last year. Interest payments were broadly stable at 91 million
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Economic sentiment drops by 3.7 pts in June as all components deteriorate
EconomyMacroeconomythe pandemic. The values of 114.4 reported in January and February this year were the highest..., the ESI is now even lower than July last year, when the indicator stood at 111.8 points. The index... is well under the -31.4 seen in July last year. The recovery trend that had started last year reversed
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Vehicle sales drop again YoY in June as only used passenger cars sales grow
EconomyMacroeconomyyear-on-year growth in June, after an increase of 21.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In June 2021, the year-on-year change was 34.6... lockdown. Car sales in June came to 21,135 compared to 22,690 last year, a drop of 6.9 percent. Passenger
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Vehicle sales record back-to-back annual drop of 2.7 pct in July
EconomyMacroeconomyin July, rising by 2.3 percent year-on-year (YoY), following 2 percent growth in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In July 2021, the year-on-year... from the first lockdown. Car sales in July came to 20,456 compared to 21,018 last year, a drop of 2.7
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Another strong rise for industrial turnover in June as petroleum products drive 43.1 pct increase
EconomyMacroeconomyGreece’s industrial turnover growth continued on a solid path in June, jumping by 43.1 percent year-on-year (YoY), from an upwards revised 53.7 percent in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. After more than one year of contraction, the index
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Economic sentiment sees marginal recovery in Aug as most sectors face challenging conditions
EconomyMacroeconomythe decline during the pandemic. The values around 114 reported in January and February this year.... Over the rolling 12-month period, the ESI is now even lower than September last year, when... turbulence and over the rolling 12-month period is well under the -37.5 points seen in September last year
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Passenger cars lead the way as vehicle sales rise by 17.9 pct in Aug
EconomyMacroeconomy, rising by 19.1 percent year-on-year (YoY), from the 2.3 percent growth in July, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. In August 2021, the year-on-year change... to 13,612 last year, a rise of 17.9 percent. Passenger cars increased by 23 percent
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Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
EconomyMacroeconomyto a deficit of 6.38 billion euros in the same period last year, according to the preliminary... by 5.95 billion euros against an anticipated deficit of 5.94 billion euros at this point of the year... billion euros. This overperformance is due to the better performance of the previous year taxes collected
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Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop
EconomyMacroeconomyGreece’s industrial turnover remained on a solid growth path in July, jumping by 38.9 percent year-on-year (YoY), from a slightly revised 43 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. After more than one year of contraction, the index
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