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Building permits increase by 4.7 pct in June
EconomyMacroeconomyBuilding permits rose by 4.7 percent year-on-year (YoY) in June compared to a rise of 7.4 percent in May, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed. The total number of permits came to 1,461, staying above the 1,000-permit mark for a fourth month. The corresponding
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Industrial turnover rises by 4.3 pct in July
EconomyMacroeconomyGreece’s industrial turnover increased by 4.3 percent year-on-year (YoY) in July following an upward revised drop of 7.7 percent in June, Hellenic Statistical Authority (ELSTAT) data published on Thursday showed. July’s reading is the third highest reading for the year so far. The 12-month trailing
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Newsletter 220 -20/09/2019
Authority (ELSTAT) data showed. July’s reading is the third highest reading for the year so far
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Travel balance up by 9.6 pct in July, German visitors continue to fall
EconomyMacroeconomyGreece’s travel balance rose to 3.40 billion euros in July from 3.10 billion a year ago, Bank of Greece (BoG) data has shown. This equates to an increase of 9.6 percent year-on-year (YoY). Receipts came to 3.65 billion euros for the month, increasing by 11.1 percent YoY. Travel payments also
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Newsletter 221 -27/09/2019
) data has shown. This equates to an increase of 9.6 percent year-on-year (YoY). Receipts came to 3.65
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Retail turnover drops by 2.7 pct in July, volume falls by 3 pct
EconomyMacroeconomyGreece’s retail sales index decreased by 2.7 percent in July, following an upward revised increase of 2.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The current month’s contraction is the sharpest for the year so far, and the most negative reading since June
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PMI at 53.6 points in September, employment slows
EconomyMacroeconomyGreece’s manufacturing PMI edged down to 53.6 points in September from 54.9 points in August, according to the latest data from Markit PMI. The latest reading was the slowest improvement in the Greek manufacturing sector since June. However, Markit noted that the figures still remained above
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeaturesThe head of the Hellenic Chamber of Hotels (HCH) on Tuesday presented data outlining the immediate impact of the collapse of Thomas Cook on the Greek hotel sector. The president of the HCH, Alexandros Vassilikos, warned that no Greek hotel would be left unaffected by the demise of the British
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.68 percent in August, up 11 basis points (bps) from the rate of 4.57 noted in July, data from the Bank of Greece (BoG) showed on Wednesday. At the same time, the spread between loan
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September employment balance stays positive by 2,651
EconomyMacroeconomyThe employment balance stayed positive in September with 2,651 more hirings than firings, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, the hirings balance was 3,905 lower this September. Total hirings came to 308,121 versus 305,470
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