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Retail turnover rises by 0.5 pct in Dec, with 2018 average increase at 2.1 pct
EconomyMacroeconomyGreece’s retail sales index edged up by 0.5 percent in December following a downward revised increase of 3.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The figure for December brings the average retail turnover index to 2.1 percent across 2018, staying
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Newsletter 196 -01/03/2019
Authority (ELSTAT) data showed this week. The figure for December brings the average retail turnover
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Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Economypercent or above for the past three years. According to data from the Bank of Greece and the Labour
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Industrial production up by 3.4 pct in Jan for third straight rise
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew by 3.4 percent year-on-year (YoY) in January from an upward revised figure of 1.3 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. The latest figure keeps the index positive for three consecutive months. Month
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Trade deficit up by 5.1 pct in Jan as imports rise, exports edge down
EconomyMacroeconomyGreece’s trade deficit increased by 9 percent year-on-year (YoY) in January, accelerating from the 5.1 percent rise seen in December, data from the Hellenic Statistical Authority (ELSTAT) showed on Friday. January’s deficit stood at 2.16 billion euros, from 1.70 billion euros in December. Imports
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CPI rises by 0.6 pct in Feb for tenth consecutive monthly increase
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.6 percent in February from 0.4 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. February’s figure marks ten uninterrupted months of price rises. Prices rose throughout 2018 with the exception of two negative readings
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Building permits down by 7.5 pct in Dec but up by 10.3 pct during 2018
EconomyMacroeconomyBuilding permits decreased by 7.5 percent year-on-year (YoY) in December, dropping from a rise of 18 percent noted in November, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed. The latest monthly headline figure interrupts eight consecutive months of positive growth
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Car sales rise by 15.7 pct in Feb
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 15.7 percent in February after a rise of 9.2 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. In February 2018, the year-on-year rise came to 33.1 percent. Car sales for the month came to 15,404
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Displaying seasonal features, Feb hirings balance beats last year by 11,212 jobs
EconomyMacroeconomyThe employment balance turned sharply positive in February with 27,840 more hirings than departures during the month, data from the Labour Ministry’s Ergani information system showed. Ergani notes that the balance for February is the eighth positive balance on record for the month of February
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Greeks dissatisfied with benefits scope and access, OECD survey finds
SocietyAn international survey by the Organization for Economic Cooperation and Development (OECD) has shown that Greeks are among the least satisfied with their public services out of 21 nations surveyed. The data was contained within the organisation’s Risks that Matter survey and found that many
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